Apparel Trade

L.L.Bean To Open In Salem, NH

L.L.Bean announced its newest retail location in the Granite State will open in the fall of 2020. The L.L.Bean retail store will be located at Tuscan Village, a premier lifestyle destination in Salem, NH. (Read More)

Online Sales Break Records On Black Friday

Overall online sales on Black Friday jumped 19.4 percent to  $7.4 billion, the second-largest Internet shopping day ever, according to data compiled by Adobe Analytics. The $7.4 billion marked the biggest sales day ever for Black Friday and trailed only last year’s Cyber Monday’s $7.9 billion for the number 1 spot of all-time in online revenue, according to Adobe’s data. (Read More)

Citi Trends Posts Q3 Loss

Citi Trends, which is increasing its emphasis on gift-giving merchandise and away from apparel, reported a loss in the third quarter as comps increased 2.6 percent while increasing its full-year outlook. The retailer also said it plans to annually grow store base by 25 to 30 stores and remodel 50 stores and named Peter Sachse as interim CEO. (Read More)

Gap Downgraded By S&P

Standard & Poors (S&P) lowered the issuer credit rating to 'BB' from 'BB+'. The downgrade reflects our view that Gap Inc.'s performance struggles will persist as it faces a torrent of competitive headwinds and potential distractions from the planned separation of its core Old Navy brand in mid-2020 (Read More)

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