Week in Review: Don’t Miss These Stories

In What's New, Industry News by Accessories Staff

Super BowlNew York—While we’ll all have to wait until Sunday night to find out whether the Denver Broncos or the Seattle Seahawks win this year’s Super Bowl XLVIII, early indications about which team fans are shopping for the most shows a close game.

In a report released today by SLI Systems, a site search provider, online shopping behavioral data reveals an almost even split in fan popularity between the Seattle Seahawks and the Denver Broncos.

Will Retailers Score with Super Bowl XLVIII?

Whichever team is your favorite—or if you aren’t a pro-football fan at all—the days leading up to the Super Bowl can be quite important to retailers. The National Retail Federation reported this week that some 181 million viewers will spend an average of about $68.27 on food, athletic and team-themed apparel or accessories, decorations etc. That’s basically flat to 2012 but in a season when every bit of margin counts, the estimated $12.3 billion spent on the Super Bowl makes a difference.

Speaking of every bit that counts, LVMH, the luxurygoods giant, reported this week its 2013 net income increased only slightly (some would say its was basically flat) with last year. Sales may have slowed from recent years but, as CEO Bernard Arnault pointed out, they are still increases.

One of the stellar performers for fourth quarter scoring a real touchdown is Under Armour, which boasted a 28% increase in profits and a 35% increase in sales, prompting some analysts to refer to the athletic apparel, footwear and accessories company as “the Apple” of the sporting goods brands.

Other notable online news articles worth remembering from this week include:

LVMH 2013 Profit Edges Up as Sales Slow

Mulberry Gives Profit Warning as Holiday Sales Disappoint

HBC to Open 2 Saks Fifth Avenue Stores in Toronto

Editor’s Blog: My Geographic Timeline

Under Armour Boasts 28% Increase in Q4 Profit on Strong Sales

NRF: Retail Spending Puts the Super into Super Bowl

Sarah Jessica Parker Prepares to Launch Her First Footwear Line

Tod’s 2013 Sales Inch Up, But Miss Estimate

Study: Retailers Say Mobile Is No. 1 Digital Priority

A&F Shake Up: Chairman/CEO Position Split, New Directors Added


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