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In Industry News, Retail News, What's New by Accessories Staff

NEW CHAIRMAN AT SEIKO Akio Naito is named Chairman of Seiko Corporation of America, a newly created position. With over 14 years at Seiko, Naito currently serves as Senior Executive Vice President for Seiko Watch Corporation and is a member of the Board of Directors for the ultimate parent company, Seiko Holdings Corporation, both headquartered in …

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GAP Reports Q2 Earnings

In Industry News, What's New by Accessories Staff

Gap Inc. continues to struggle. The company’s comp sales for July 2015 were down 3% versus a 2% increase last year. For the second quarter of fiscal year 2015, Gap Inc.’s net sales decreased 2% to $3.90 billion compared with $3.98 billion for the second quarter last year. By global …

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Holiday Pressure: November Comp Sales Disappointing

In Industry News, Reports, What's New by Jeff Prine

New York— Black Friday creep—expanding sales and promotions beyond the traditional one the Friday after Thanksgiving—may have had an unintentional effect. Consumers may be lured in by promotions but purchasing isn’t as strong as hoped for. According to several metrics, November comparable store sales were modest—actually decelerating from October increases. …