Despite the continued growth of online shopping, 82 percent of respondents said they still do half or more of their shopping in physical stores.
The Canadian department store chain reported lower sales in the fourth quarter, hurt by weaker results at its European, Saks OFF 5th and Gilt operations.
To help celebrate the opening, the brand will be hosting a cocktail party on February 26 at the store – which will remain open until April 15.
The company’s fourth quarter fiscal year 2016 comparable sales were up 2 percent compared with a decline of 7 percent last year.
Crafted in Italy from the finest Loro Piana threads, the seven piece collection features light wool-cashmere knits in timeless silhouettes, bringing style and comfort to any occasion.
Fourth quarter net earnings were $201 million and earnings before interest and taxes compared with net earnings of $180 million for the same period in fiscal 2015.
CNBC / February 24, 2017
The New York Times / February 24, 2017
Luxury Daily / February 24, 2017
Bloomberg / February 24, 2017
Fast Company / February 24, 2017
First it was multi-channel, then omni-channel and now concepts such as unified commerce and universal customer. What is a retailer supposed to do to digest this plethora of concepts, what is the hierarchy of their importance?
The 16,000-square-foot store is located at Brookfield Place in lower Manhattan, and is dedicated to men’s categories with a strong focus on modern fashion along with a premier shoe and accessories assortment.
The fit upgrade is being rolled out alongside Indochino’s new spring collection, which introduces 150 new fabrics in an assortment of seasonal colorways and patterns.
Net income fell about 15 percent to $252 million, or $1.44 per share, in the fourth quarter, from a year earlier.
For the fourth quarter of 2016, licensing revenue was approximately $87.1 million, an 8% decline as compared to $94.7 million in the prior year quarter.
Retail Dive / February 23, 2017
Racked / February 23, 2017
CNBC / February 23, 2017
Fast Company / February 23, 2017