View Post

Wet Seal to Close 338 Stores as Downturn Continues

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Foothill Ranch, CA—Faced with stinging competition from fast-fashion retailers and slowing sales, Wet Seal today announced it will be closing 338 stores—approximately two-thirds of its retail locations, a move that could affect nearly 4,000 employees. “This was a very difficult decision to make, but after reviewing many other options since …

View Post

Seventeen Fashion Collection To Launch Exclusively At Sears

In Industry News, Marketing, What's New by Accessories StaffLeave a Comment

New York—Already boasting such junior brands as Bongo, Kardashian Collection and Nicki Minaj, Sears today held the exclusive launch of Seventeen Magazine‘s fashion collection. The addition of the Seventeen Fashion Collection to its brand portfolio is designed to make Sears a destination for teens to get stylish looks, offering apparel, …

View Post

Sourcing Improvements Push Hot Topic Q1 Profit Up

In Industry News, Reports, What's New by Just StyleLeave a Comment

City of Industry, CA—Improvements in sourcing initiatives and productivity helped mall-based retailer Hot Topic record an earnings increase in its first quarter. Adjusted EBITDA increased to $22.6 million from $16.9 million last year. Adjustments include a non-cash compensation expense, non-cash charges from asset impairments, losses on fixed asset disposal and …