Uniqlo parent Fast Retailing and South Korean fashion conglomerate E.Land Group are separately exploring a deal for large U.S. apparel chain J.Crew Group Inc, people familiar with the matter said. J.Crew, which was taken private by TPG Capital LP and Leonard Green & Partners LP for $2.8 billion in 2011, believes it should fetch at least $5 billion in any sale, one of the people said. It wasn't yet clear whether either Japan's Fast Retailing or Korea's E.Land have held any substantial discussions with J.Crew about a deal.
Coach Inc.'s (COH) fiscal fourth-quarter earnings rose 24% as the maker of high-end leather-goods topped sales expectations and improved its margins. But shares were trading 8.8% lower at $55.25 premarket as Coach described fiscal 2013 as "an investment year" in which it will accelerate the acquisition of domestic-retail operations in key Asian markets, including those in Malaysia and Korea. The stock has fallen 6.2% so far this year through Monday's close. "Our goals remain unchanged," said Chairman and Chief Executive Lew Frankfort. "We're committed to achieving double-digit top- and bottom-line growth over our planning horizon. We have a business
Brooks Brothers Group and Reliance Brands Limited announced Tuesday the formation of a joint venture company in India. Reliance Brands, a division of Reliance Industries Group, will use its local connections to bring the American brand to India.
4 minutes ago, 4:23am (ET) 05/07/2012 Datamonitor True Religion Apparel, Inc, a design-based jeans and jeans-related sportswear brand, has reported that net income attributable to the company for the first quarter ended March 31, 2012 was $10.41 million, or $0.41 per diluted share, compared to $8.98 million, or $0.36 per diluted share, for the first quarter ended March 31, 2011. Net sales for the first quarter ended March 31, 2012 were $106.78 million, compared to $93.76 million for the first quarter ended March 31, 2011. "Our first quarter results were ahead of expectations, primarily due to strong same-store sales
Issaquah, Wash.-based Costco Wholesale Corp. plans to open eight new stores by Sept. 2. The membership-only warehouse chain currently operates 601 U.S. stores. Internationally, Costco operates 82 stores in Canada, 32 in Mexico, 22 in the U.K., 13 in Japan, eight in Taiwan, seven in Korea and three in Australia. SAVE | EMAIL | PRINT | MOST POPULAR | RSS DDI's RetailDesignDiva blog is dedicated to retail design issues, opinions and frustrations of the day.Read the Diva's recent rantings. DDI's Retail Design Newswire Sign up to receive the latest retail store news, store design trends and store openings,
A new take on the conventional department store concept has been undergoing testing at Stockholm Central Station, with the aim of discovering how the new generation of mobile-connected "poster stores" will impact the future of retailing.