Uncertain expectations over Christmas trading amidst mixed retail signals led many institutional investors to take their profit before closing their books at year-end. Meanwhile, the travel retail channel continues to surge and M&A activity remains buoyant, reports Pierre Mallevays of Savigny Partners.
WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.
For Holt’s, luxury regains its proper place (Globe and Mail) “The full-price model is part of Mr. Derbyshire’s five-year business plan to strengthen Holt’s results following a period of stagnation caused by the economic slump… His efforts seem to be paying off: Privately held Holt’s enjoyed a record profit in 2010 – double that of its next best year, 2006.” Tommy Hilfiger Changes his Stripes (WSJ)
At Their Feet, Crafted by Hand (NY Times) “It has not been lost on workers at Allen Edmonds, or those at about a half-dozen shoe companies that still produce in the United States, that the craft of shoemaking is experiencing something of a renaissance. Over the last few years, as heritage brands have been rediscovered by a new generation of customers, especially young men.” Jones Group one of bidders for Jimmy Choo
Tisci’s Trans Europe Express (WWD) “Givenchy designer Riccardo Tisci has taken the whole idea of ‘coed fashion shoot’ to another level: The designer is using a transexual among the cast for the house’s fall-winter ad campaign.” Jones Apparel to buy Stuart Weitzman (Reuters) “Jones Apparel Group Inc. said it will buy designer shoe company Stuart Weitzman Holdings for an initial cash payment of
Jones Apparel Acquires L.A. Designer Label (Apparel News) “Jones Apparel Group Inc., the… corporation that has been on the hunt for brands, acquired Los Angeles womenswear contemporary label Robert Rodriguez for $28 million. Jones Apparel is hoping to expand the Robert Rodriguez name in other categories and other doors.” US retail groups continue to recover (FT) “Spending by US shoppers continued to bounce