American brand of segmentation, Ungaro drops prices, ASOS sales up, Lord and Taylor cuts jobs

Tommy Hilfiger, Brooks Brothers and Wrangler, photo courtesy of the International Herald Tribune

U.S. brands’ many routes to Europe (IHT) Some American brands believe in a one size fits all mentality when it comes to selling to Europe, but others such as Tommy Hilfiger take a more segmented approach. Emanuel Ungaro Drops Pre-Fall Prices by 15% (WSJ) “Emanuel Ungaro is pricing its pre-fall collection about 15% below last year’s.” ASOS bucks gloomy retail trend again (Guardian) Due to the popularity of black

…Continue Reading

NRDC | Setting its sights on Canada

TORONTO, Canada - When Richard Baker, CEO of NRDC, bought The Hudson's Bay Company for a cool $8 billion last month, he announced his plans to turn Canada’s oldest retailer into an industry leader, using a similar strategy to that of US retailer Lord & Taylor. Lord & Taylor, which happens to be America’s oldest department store, was also recently acquired by NRDC. So, with two of the oldest department store chains on the continent in his portfolio, what are Baker’s grand plans? In Canada, Baker believes that there is a gap between mass-market The Bay and luxe player Holt Renfrew. Thus, he plans to open 10 to 15 Lord & Taylor stores within existing Bay flagship stores or within…

…Continue Reading