Content about Clothing

August 21, 2014

Buckle Inc. reported a profit of $24.5 million in the second quarter, missing Wall Street estimates.

Kearney, Neb. -- Buckle Inc. reported a profit of $24.5 million in the second quarter, missing Wall Street estimates.

Quarterly revenue, however, beat analysts’ projections, as the teen apparel retailer posted revenue of $235.7 million in the period. Wall Street expected $234.2 million.
 

 

August 21, 2014

Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

New York -- Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

Finazzo, who was found guilty in April 2013 of 14 counts of mail fraud, wire fraud and conspiracy, was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.

August 18, 2014

Aeropostale announced that Julian R. Geiger has rejoined the company as CEO, effective immediately.

New York -- Aeropostale announced that Julian R. Geiger has rejoined the company as CEO, effective immediately. He succeeds Thomas P. Johnson, a former Brooks Brother executive who was appointed to the top spot at Aeropostale after Geiger left his CEO post in 2010.

In 2011, Geiger was named president and CEO of Crumbs Bake Shop. He resigned from Crumbs at the end of December 2013, and rejoined the Aeropostale board in May. (Crumbs closed all its stores in July 2014.)

August 18, 2014

Piperlime, a division of Gap Inc., has enhanced its website to include streams of images filtered directly from Instagram providing customers with fashion.

San Francisco -- Piperlime, a division of Gap Inc., has enhanced its website to include streams of images filtered directly from Instagram providing customers with fashion. Shoppers will be able to click the images and shop the items to make these looks their own. Product pages will also feature styling ideas from bloggers and influencers, showing unique ways to style the same must-have pieces for each season.

August 8, 2014

American Apparel has relocated its Aix-en-Provence store in France. Set in a former private hotel, the new location features an open, single floor layout and flower garden.

Los Angeles – American Apparel has relocated its Aix-en-Provence store in France. Set in a former private hotel, the new location features an open, single floor layout and flower garden.

The shop maintains much of the building's early architecture including stone walls, a fireplace (transformed into a shoe display) and double front doors depicting the city's emblem of two lion faces. With history dating back to the 16th century, it marks the company's oldest interior in Europe.    

August 8, 2014

Kenneth Cole Productions Inc. is launching an omnichannel marketing campaign to support specific charitable projects under three company pillars – Collective Health, Civil Liberties, and Artistic Activism.

New York – Kenneth Cole Productions Inc. is launching an omnichannel marketing campaign to support specific charitable projects under three company pillars – Collective Health, Civil Liberties, and Artistic Activism. The advertising campaign will be supported by a national print, outdoor, digital, and social media plan.

August 8, 2014

Lululemon Athletica Inc.’s founder, Dennis "Chip" Wilson, reached an agreement to sell half his stake in the women's yoga-wear company to Advent International of Boston for $845 million.

New York -- Lululemon Athletica Inc.’s founder, Dennis "Chip" Wilson, reached an agreement to sell half his stake in the women's yoga-wear company to Advent International of Boston for $845 million. The deal will give Advent, which owned shares of Lululemon from 2005 to 2009 and was one of the company's early venture capital backers, 20.1 million shares, or 13.9% of the company (Lululemon went public in 2009). It also gives Advent two seats on the board, including Advent's managing partner David Mussafer, who will become co-chairman of the retailer.

August 1, 2014

Aeropostale, Inc. will roll out its P.S. from Aeropostale brand in Mexico through a licensing partnership with Distribuidora Liverpool, S.A. de C.V.

New York -- Aeropostale, Inc. will roll out its P.S. from Aeropostale brand in Mexico through a licensing partnership with Distribuidora Liverpool, S.A. de C.V.  

P.S. from Aeropostale's expansion plans in Mexico include the opening of branded in-store shops in Liverpool department stores, as well as standalone stores, across Mexico beginning in summer 2014. The first store opened in July at Sante Fe Mall in Mexico City.

August 1, 2014

Sports footwear and apparel giant Puma brings its global sustainability outlet-store prototype to the Destiny USA mall in Syracuse, New York, where it has opened its first LEED (Leadership in Energy & Environmental Design) Platinum-certified location.

Sports footwear and apparel giant Puma brings its global sustainability outlet-store prototype to the Destiny USA mall in Syracuse, New York, where it has opened its first LEED (Leadership in Energy & Environmental Design) Platinum-certified location.

July 29, 2014

Claire Fahie-Conley, VP of U.S. retail for Reebok, has been appointed Crocs' VP of retail for North America.

Niwot, Colo. -- Claire Fahie-Conley, VP of U.S. retail for Reebok, has been appointed Crocs' VP of retail for North America. In this role, Fahie-Conley will be responsible for overseeing all aspects of the retail footprint in North America, including the entire fleet of full-price and outlet stores.

July 22, 2014

Footwear maker Crocs Inc., best known for its colorful plastic clogs, announced a major restructuring that includes closing stores and job cutbacks.

New York -- Footwear maker Crocs Inc., best known for its colorful plastic clogs, announced a major restructuring that includes closing stores and job cutbacks.

The plan comes on the heels of the company's disappointing second-quarter earnings results. Earlier this month, Crocs reported that second-quarter profit fell 44% to $19.7 million.

July 18, 2014

Spanish apparel giant Inditex, plans to have radio frequency identification technology in place in its nearly 2,000 Zara stores around the globe by 2016.

New York -- Spanish apparel giant Inditex, plans to have radio frequency identification technology in place in its nearly 2,000 Zara stores around the globe by 2016. The technology has already been installed at all of Zara's distribution centers and at more than 700 Zara stores.

July 17, 2014

American Apparel shareholders Bigger Capital Fund, Bachelier LLC and the Bigger Family, have sent a letter to the company's board seeking the resignation of co-chairmen David Danziger and Allan Mayer as board members.

New York -- American Apparel shareholders Bigger Capital Fund, Bachelier LLC and the Bigger Family, have sent a letter to the company's board seeking the resignation of co-chairmen David Danziger and Allan Mayer as board members.

The letter criticized the board’s "stealthily and abruptly ousting American Apparel's long-standing CEO and largest shareholder knowing that their actions will cause a near-imminent default under important contractual obligations of the company and cause it to default on nearly $10 million in loans."

July 17, 2014

Francesca’s will open a new store at the Town Center of Virginia Beach.

Virginia Beach, Va. -- Francesca’s will open a new store at the Town Center of Virginia Beach.

According to Divaris Real Estate, the 1,830-sq.-ft. store will be located on Main Street in the first-floor retail space of the Armada Hoffler office tower block. The grand opening is slated for first quarter 2015.

July 14, 2014

Abercrombie & Fitch Co. has initiated a process to refinance $500 million in existing credit facilities to two new facilities worth a total of $750 million.

New Albany, Ohio - Abercrombie & Fitch Co. has initiated a process to refinance $500 million in existing credit facilities to two new facilities worth a total of $750 million. Proceeds are expected to be used to pay off a remaining $131.5 million balance and outstanding borrowings of $60 million related to existing credit facilities, and to pay related fees and expenses associated with the transaction.  

July 14, 2014

Woodfield Mall is celebrating the grand opening of six new retailers this summer, adding to the center’s nearly 300 stores.

Schaumburg, Ill. -- Woodfield Mall is celebrating the grand opening of six new retailers this summer, adding to the center’s nearly 300 stores.

New and first-in-market retailers include: Lululemon Athletica, Arhaus, Camille La Vie, Uno de 50, 100% Pure and The White Barn Candle Co. These additions come on the heels of the recently added Garage, Sperry Top-Sider, Silver Jeans and the first-ever Ricky B’s Prime Burger House.

July 10, 2014

Abercrombie & Fitch has reorganized its Diversity & Inclusion structure.

New Albany, Ohio -- Abercrombie & Fitch has reorganized its Diversity & Inclusion structure. Todd Corley, who has led the efforts since 2004, is leaving to launch the TAPO Institute, which will focus on inclusive leadership based on “principles of transparency, authenticity, persistence, and optimism,” Abercrombie said.

July 10, 2014

American Apparel Inc. has reached an agreement with its largest shareholders that will bolster its financial situation, remake its board, and keep the retailer’s manufacturing in the United States.

New York -- American Apparel Inc. has reached an agreement with its largest shareholders that will bolster its financial situation, remake its board, and keep the retailer’s manufacturing in the United States.

July 10, 2014

Michael Kors has named Mark Brashear to the newly created role of president of men’s. Brashear was most recently at Hugo Boss, where he held the position of CEO and chairman, Americas.

Hong Kong - Michael Kors has named Mark Brashear to the newly created role of president of men’s. Brashear was most recently at Hugo Boss, where he held the position of CEO and chairman, Americas. Prior to his five-year tenure at Hugo Boss, Brashear was president of Faconnable from 2001 to 2008 and executive VP, Southwest Unit, at Nordstrom, where he worked from 1993 to 2001.

July 8, 2014

The American Apparel saga continues, with the beleaguered chain receiving a notice of default from its longtime lender, Lion Capital.

New York -- The American Apparel saga continues, with the beleaguered chain receiving a notice of default from its longtime lender, Lion Capital.
   
The default notice was based on the claim that founder Dov Charney ceased to be CEO of the company, according to a regulatory filing with the Securities and Exchange Commission today. (Lion had a stipulation in its loan agreement, which was signed last year, stating that if Charney left the company, it would be in default.)
  


July 8, 2014

Having passed the calendar’s mid-point, we thought it would be interesting to take a look at the most viewed stories of the year to date on Chainstoreage.com.

Having passed the calendar’s mid-point, we thought it would be interesting to take a look at the most viewed stories of the year to date on Chainstoreage.com.

July 7, 2014

Divaris Real Estate Inc. has signed a lease with Twist Martini & Associates for 2,442 sq. ft. of retail space in the Town Center of Virginia Beach.

Virginia Beach, Va. - Divaris Real Estate Inc. has signed a lease with Twist Martini & Associates for 2,442 sq. ft. of retail space in the Town Center of Virginia Beach. Twist Martini will operate a full-menu, dine-in restaurant including a martini bar, a cigar club, an outside patio area and a private lounge on the second floor. 

July 3, 2014

Lululemon Athletica Inc. is reportedly considering going private.

Vancouver – Lululemon Athletica Inc. is reportedly considering going private. According to the Wall Street Journal, advisors to Chip Wilson, founder, director and former CEO and chairman of Lululemon, have been speaking with private equity firms including Leonard Green & Partners about possibly taking the retail chain private, although no specific deal is imminent.
   

July 2, 2014

UGG Australia on July 14 will launch an e-commerce site dedicated to its new tween-girls brand, I Heart UGG.

New York -- UGG Australia on July 14 will launch an e-commerce site dedicated to its new tween-girls brand, I Heart UGG. The retailer also plans to open two I Heart UGG stores, in Waikiki, Hawaii, and in San Francisco, in early September.

The new line includes footwear, loungewear, accessories and handbags and will be available in the United States, Japan and China.

July 1, 2014

Vestis Retail Group, made up of the East Coast-based Bob's Stores and Eastern Mountain Sports, has signed an agreement to acquire Los Angeles-based Sport Chalet.

Meriden, Conn. -- Vestis Retail Group, made up of the East Coast-based Bob's Stores and Eastern Mountain Sports, has signed an agreement to acquire Los Angeles-based Sport Chalet.