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Staples leaked great deals for tablets, laptops, and desktops. The famous office super store lets shoppers buy a day earlier online! Read More »
Last month, "MStars News" reported that U.S. officials seized $1.8 million worth of counterfeit Hermès bags. But that seemingly large counterfeiting problem doesn't seem to have done much damage to the French luxury heritage brand's own handbag business, as sales have been steadily increasing. According to "Fashionista," Hermès said Thursday, Nov. 13, that revenue increased by a healthy 11 percent to 990.6 million euros — $1.2 billion — in the third quarter of 2014, and much of that was thanks to demand for the brand's French-made, high-end leather goods. That category grew 15 percent. Ready-to-wear also fared pretty well, growing 13 percent over the quarter, underlining what we knew: Recently departed Creative Director Christophe Lemaire has left some pretty big shoes to fill. Read More »
A petition to get Gap Inc.'s Old Navy to stop charging more for women's plus-sized jeans has already gathered more than 35,000 signatures online. The petition charges Old Navy with sexism, noting that a pair of women's plus-sized jeans can cost about $15 more than regular jeans, while a pair of men's jeans costs the same no matter the size. Customers are also calling for Old Navy to put the larger apparel into stores, instead of just selling it online. Old Navy said the price difference has to do with craftsmanship. The items are specifically designed and manufactured for plus-sized women and cost more to make, Debbie Felix, an Old Navy spokeswoman, said in an e-mail. Read More »
After two quarters of flat sales growth, American Apparel took a small nosedive in the third quarter of 2014, which wrapped up on September 30. In those three months, net sales dropped 5 percent, coming in at $155.9 million as compared to $164.5 million at the same time last year. Total net loss for the quarter was $19.2 million, compared with a net loss of $1.5 million loss the same quarter last year. Read More »
If you're impatiently waiting for Black Friday, your wait is going to be cut a little shorter this year. Online retailers are expected to offer the deepest discounts on Thanksgiving Day, lower than any other day during the holiday season, according to Adobe, which released its annual shopping forecast today. Read More »
Estee Lauder reported flat revenue for the first quarter of 2015, which ended September 30, with net sales coming in at $2.63 billion relative to last year's $2.68 billion. Foreseeing a number of challenges in the coming months, the company also cut its guidance for the full fiscal year. At this point, Estee Lauder expects net sales to grow 2 to 3 percent in 2015, versus its original forecast of 3 to 4 percent. Read More »
While other retailers will be fighting to win shoppers' dollars this holiday season by offering major discounts, the CEO of Michael Kors, John Idol, says the brand isn't taking a promotional posture. Essentially, the company isn't willing to devalue its status as a luxury brand for the short-term benefit of stronger holiday sales. Read More »
Fun fact - in 2002, rapper Eminem experienced the biggest album sales week (ever). Reports confirm that The Eminem Show garnered approximately 1.322 million purchases in the first week alone. Read More »
Although Steve Madden has been making plenty of moves to grow its business like acquiring footwear brand Dolce Vita in August and booking celebrity collaborations, sales for the third quarter of the year, which wrapped up on September 30, were "disappointing," executives said. Net sales maxed out at $392 million, down from $394.8 million last year. Read More »
