Posted by Dale Buss on December 4, 2013 04:43 PM
Sometimes it seems like almost no one likes Abercrombie & Fitch anymore, and the chain's sliding sales and brand equity reflect that. Now there's an important someone who doesn't like Abercrombie CEO Michael Jeffries either.
Activist investor Engaged Capital has just asked the Abercrombie board to start looking for a replacement for the embattled Jeffries, whose employment contract expires Feb. 1, according to the Wall Street Journal. The fund also suggested that maybe the Abercrombie board might want to go ahead and sell the company to a private-equity buyer as "the best option for shareholders."
The new pressure comes at a difficult time for Abercrombie & Fitch, which may finally be jumping the shark. It posted nearly $12 million in losses for the nine months of 2013, with sales down more than 7 percent. And it's facing a hostile environment this holiday shopping season with such a heavily promotional edge to most apparel retailing.Continue reading...
Posted by Dale Buss on October 9, 2013 01:49 PM
Change is afoot in the long-stuffy business of dressing men for success. And the players aren't pulling their new strategies off the rack.
Jos. A. Bank has just bid $2.3 billion for troubled rival Men's Wearhouse in an unsolicited offer that quickly was rejected by the latter, while retailer Brooks Brothers is looking to take on competition by expanding its high-end brand beyond store shelves.
Men's Wearhouse clearly has been weakened by sales and profit declines stemming from systemic problems as well as the recent ouster of the chain's founder and pitchman-in-chief, George Zimmer, who remains the company's largest shareholder.Continue reading...
Posted by Sheila Shayon on September 26, 2013 11:33 AM
How does a 42-year-old brand stay cool in a Millennial-driven, digitized consumer market?
That's a question that many retailers face today, but Urban Outfitters already has a plan, including a social-designed app and updated rewards program.
The app taps into a user's social networks and allows them to accrue rewards points for everytime they mention Urban Outfitters on Twitter or Instagram. The app also credits those who respond to in-app promotions with additional perks including first access to new merchandise, concert tickets and product sales.
The new mobile-centric platform is a risky, but required gamble. “It’s extremely sensitive,” senior marketing manager Moira Gregonis told Bloomberg Businessweek. “I don’t think anyone really likes to be marketed to, and as a brand, we don’t want to be pushy.”Continue reading...
in the spotlight
Posted by Shirley Brady on October 31, 2012 12:38 PM
While your humbled (by Sandy) editor's NYC apartment is still without power, I've made it to a power outlet and Wi-Fi and finally catching up with some of the impact of the storm on the U.S. and Canada, with 107 people dead and an estimated $20 billion in damages and $30 billion in lost business:
Posted by Shirley Brady on October 2, 2012 12:22 PM
"Hipster Disney Princess: The Musical" has been going viral on social media and YouTube since it was posted on Oct. 1. Shot in Times Square (a la Enchanted) and dropping Urban Outfitters, Kombucha tea, Starbucks and Twitter references, the musical-a-week wags at AVByte present a quartet of geek-framed, F-bomb dropping, post-Disney princesses just in time for Halloween. Starring: Elizabeth Oldak (Belle), Tiger Darrow (Snow White), Molly Gallagher (Ariel) and Tanja Nagler (Cinderella).
Posted by Shirley Brady on August 16, 2012 08:44 AM
Comedy Central partners with Urban Outfitters on Indecision 2012 collection.
7-11, Walmart, Target and other big retailers team up on mobile wallet to combat Google Wallet.
Apple reportedly in talks with U.S. cable operators to develop a set-top box; and takes a swing at Amazon.
Johnson & Johnson launches ingredient transparency website for baby and beauty products as J&J removes formaldehyde from products.
Bumbo foam child seats recalled following injuries.
Calvin Klein sued by Lululemon for alleged patent infringement.
Chick-fil-A uproar may have inspired gunman.Continue reading...
Posted by Mark J. Miller on May 4, 2012 02:56 PM
One trick of the high-school set when writing what they believe to be a ridiculously long paper is to just change the margins. Push things in a little and it makes it that much easier to achieve the required number of pages. Some never leave this little trick behind. A judge in Manhattan, Paul A. Engelmayer, who is hearing a trademark suit involving Gap Inc.'s flagship Gap brand, requires that all documents put before him be double spaced. But lawyers represent the mega-retailer have been accused of adjusting the spacing in such a way that they achieved “four extra lines per page,” the Wall Street Journal reports.
The lawyers in question work at Fross Zelnick Lehrman & Zissu PC and they are working on a case about “a trademark dispute involving T-shirts labeled with the phrase ‘Lower East Side’ and ‘LES NYC,’” the Journal notes. Their adversaries, the legal team at Patterson Belknap Webb Tyler LLP, took a recent brief sent by Gap lawyers and “used a computer program to determine that the line spacing on Fross Zelnick’s reply brief was ‘1.75’ instead of double spaced.” Because of this, the judge allowed Patterson Belknap to “file a 30-page, instead of 25-page, brief on Thursday” so that the two sides would be given equal space to express themselves.
As for the suit itself, it was filed by New York-based designer Robert Lopez of LES Clothing Co, who has quite a track record taking on big brands.Continue reading...
brands under fire
Posted by Mark J. Miller on March 2, 2012 10:01 AM
As a fast-fashion retailer that relies on highly visual looks to hook fickle youths, Urban Outfitters seems to step on a lot of toes as it rolls out new items at a rapid clip. Having already offended the Irish with its "Irish yoga" trucker hat and St. Patrick's Day t-shirts, the retailer is proving to be an equal opportunity offender.
Now you can add the Navajo Nation to the list of aggrieved parties finding UO's designs to be culturally insensitive.
The Philadelphia-based retailer has shown an affinity for the Navajo in recent years, identifying a number of its products as being Navajo or Navaho. And that has irked the actual Navajo that they are taking Urban Outfitters to court.Continue reading...