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Q: How will the rising Coronavirus cases due to the Delta variant affect our business? Steve Pruitt: This is top of mind for many of our merchants right now. Of course, no one knows for sure, but we do know that we are facing a few pressures: rising inflation, the expiration of some virus-related economic...
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The shoe industry is lending aid to Haiti after another deadly earthquake hit the country over the weekend. The 7.2-magnitude earthquake has killed more than 1,400 people and injured nearly 7,000, according to reports. The death toll is expected to rise as search and rescue efforts continue. Relief efforts have been hampered, however, due to...
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Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up. Retail sales for the month fell 1.1%, worse than the Dow Jones estimate of a 0.3% decline and below the upwardly revised 0.7% increase in June....
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It’s a major week for retail earnings. Walmart, Target, Macy’s, TJX Companies, Kohl’s, Ross, and Tapestry Inc. all report earnings for the second quarter this week. Shipping delays, the impact of the Delta variant, and the back-to-school and holiday season are likely to be top of mind in the reports. Thus far, this retail earnings...
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The A.K. Rikks’ team at Chicago Collective: Jordan Hill, Ben Tobar, Jim Murray, and Zachary Claflin. In addition to shopping beautiful menswear, my main joy at trade shows is catching up with retail friends, especially those risk-takers unafraid to regularly reinvent the business. At last week’s Chicago Collective, I chatted with Jim Murray and team...
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Miami Beach Convention Center Liberty Fairs will debut its inaugural show in Miami this weekend. Slated to start on Saturday, July 10th, the trade event will be co-located with its sister swimwear show, Cabana, at the Miami Beach Convention Center. Brands excepted to be in attendance include 7 For All Mankind, Barena Venezia, Bobblehaus, Edwin,...
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MR magazine is saddened to report the passing of Michael Isaacson, talented designer, fashion icon, and wonderful friend to so many of us in the menswear industry. He died of a massive heart attack on July 4th at a very young age 80. The backdrop, very appropriately, was fireworks. For undeniably, so much about Michael,...
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Deckers Outdoor Corp. has been handed another victory in its legal battle against an Australian shoe company over the use of the word “Ugg.” On Friday, the United States Court of Appeals for the Federal Circuit affirmed a decision made in 2019, when the District Court for the Northern District of Illinois ruled in favor...
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Authentic Brands Group (ABG) and SPARC Group have come together to purchase Eddie Bauer from PSEB Group, an operating company owned by Golden Gate Capital. Under the terms of the deal, ABG will own Eddie Bauer’s intellectual property and the brand’s core operating business will become a part of the SPARC portfolio of brands. Following...
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BERLIN, Germany — Shares in Global Fashion Group (GFG) opened at €4.47 ($5.05) on Tuesday before dipping to €4.34 at 0727 GMT on their first day of trading following their stock market listing in Frankfurt. The company — which runs e-commerce platforms, largely in emerging markets — said on Saturday it had placed 40 million...
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