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MR Magazine
The 2019 Golden Globe Awards were held in Los Angeles at the Beverly Hilton on Sunday, and Hollywood’s top stars were dressed to impress. Many opted for traditional black-tie looks, while others went for bolder color palettes, intriguing textures, and striking accessories. Not surprisingly, red carpet host Ryan Seacrest chose a complete outfit from his...
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Blake Nordstrom MR magazine is saddened to report the unexpected passing of Blake Nordstrom. The oldest of Nordstrom’s three sibling co-presidents and great grandsons of the founder, Blake died this morning, January 2, 2019, in Seattle. He was diagnosed with lymphoma in early December and had been publicly optimistic about a positive outcome. He was...
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Getty Images A robust shopping season from before Thanksgiving through Christmas has given retailers much to cheer about this year. According to Mastercard SpendingPulse, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest...
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Q: I feel the economic mood changing. What’s your advice for retail planning for 2019? Steve Pruitt: You’re right. We are seeing the beginning signs of a slowdown and the dramatic stock market swings and continued trade tensions aren’t helping. But, in reality, the biggest factor we face next year is the natural slowing of...
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Getty Images November retail sales were up 0.7 percent seasonally adjusted from October and increased 5 percent unadjusted year-over-year, completing the first half of the holiday shopping season with spending on track to easily meet the National Retail Federation’s (NRF) forecast, NRF said on Friday. The numbers exclude automobiles, gasoline stations and restaurants. “Consumers have...
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Luxury fashion commerce site Farfetch Limited has inked a new deal to acquire sneaker and streetwear marketplace Stadium Goods for an enterprise value of $250 million. The consideration payable by Farfetch will be in the form of cash and Farfetch shares, with the exact amounts to be determined at completion following customary adjustments. Stadium Goods...
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Marquee Brands has announced that it has acquired the outdoor sports and lifestyle brand Dakine and all related intellectual property. In conjunction with the acquisition, Marquee Brands has entered into a long-term license agreement with JR286, which has acquired the operating assets of Dakine and will become Marquee Brands’ long-term operating partner for the brand....
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Callaway Golf Company has entered into an agreement to acquire Jack Wolfskin for €418 million, or approximately $476 million, subject to certain purchase price adjustments. The acquisition furthers Callaway’s push into the active lifestyle category after its successful 2017 acquisitions of TravisMathew and Ogio. Jack Wolfskin is an international, premium outdoor apparel, footwear and equipment...
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Swedish fast fashion retailer H&M Group has decided to close its Cheap Monday brand. The closure is planned to start immediately, with the aim of being complete by June 30, 2019. The Cheap Monday store in London and Cheap Monday’s online store will close on December 31, 2018. In a press release, H&M said that...
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Dolce & Gabbana was just hours away from welcoming guests to a huge fashion show in China. Now, amid accusations of racism, the event has been postponed, according to the luxury brand’s official Weibo account. The fashion house has found itself embroiled in controversy over a series of videos released on social media. By the...
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