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Moschino Opens New York FlagshipStore on West 14th Street replaces old Madison Avenue space
Aeffe Spa (Rimini, Italy) has opened a new Moschino flagship store in New York. According to the Daily News Record, the store in the Meatpacking District is filled with the Italian fashion brand’s signature heart motifs and witticisms. The 2500 . . . » MORE |
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Club Memberships GrowingSam’s, Costco have enjoyed a rise in traffic, especially among high-income shoppers
According to figures recently released by Mediamark Research Inc. (New York), the number of shoppers visiting club stores like Sam’s Club (Bentonville, Ark.) and Costco Wholesale Corp. (Issaquah, Wash.) grew three times as fast over the previou . . . » MORE |
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Walmart Rolling Out Smart TV NetworkDigital programming will appear in 300 stores this year – 27,000 screens by 2010
Walmart Stores Inc. (Bentonville, Ark.) says it will take its in-store television network digital, rolling it out to about 300 stores in time for the holiday season. The Walmart Smart Network will be powered by Internet Protocol Television (IPTV), al . . . » MORE |
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Sears, Dillard’s Post LossesCost-cutting isn’t offsetting the rough economy and revenue fall-off
Two of the department store sectors biggest players reported losses during their second quarters. Sears Holdings Corp. (Hoffman Estates, Ill.) said earnings dropped 62.4 percent during its second quarter ended Aug. 2, 2008. Sales dipped 4.1 percent a . . . » MORE |
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Linens 'n Things to File Reorganization PlanIf proposal, including closing up to one-third of its stores, is successful, the retailer may emerge from bankruptcy in early 2009
Linens 'n Things Inc. (Clifton, N.J.) has indicated it will file a reorganization plan soon and emerge from Chapter 11 bankruptcy protection early next year. According to The New York Post, the restructuring will close as many as one third of the . . . » MORE |
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Walmart Garden Centers Become Tailgate CentralRetailer will convert that section of its stores for football-watching supplies
Walmart Stores Inc. (Bentonville, Ark.) will transform more than 1700 of its garden centers into "game time headquarters" aimed at local college and professional football teams. Throughout September, the areas of the store will feature team . . . » MORE |
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Quiksilver to Sell its Rossignol SubsidiaryDeal will take surfwear company out of the winter sports business
Quiksilver Inc. (Huntington Beach, Calif.) has received a binding $147 million offer for the acquisition of its Park City, Utah-based Rossignol Ski Co. Inc. subsidiary from Chartreuse & Mont Blanc, a company headed by former Rossignol ceo Bruno C . . . » MORE |
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Starbucks Executives to Receive No Raises in 2009Coffee retailer posted first-ever quarterly loss
Top executives of Starbucks Corp (Seattle) have elected to vote themselves no raises anytime soon, after the coffee chain's first-ever quarterly loss as a public company. According to a memo posted on www.starbucksgossip.com and confirmed by a co . . . » MORE |
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Goodyear to Close 92 StoresTire company affected by high gas prices, falling car sales
The Goodyear Tire & Rubber Co. (Akron, Ohio) will close 92 company-owned stores, 12 percent of its nationwide 742-unit chain. “In the current economic condition, people are driving less and it obviously affects every facet of the U.S. auto . . . » MORE |
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Theory to Shut Down Premise BrandApparel company was dissatisfied with the label’s direction
Theory LLC (Lyndhurst, N.J.) will shut down its Premise label, just two years after it launched the bridge brand. According to Women’s Wear Daily, Premise will stop shipments after fall in the U.S., where it was a $15 - $18 million wholesale bu . . . » MORE |
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