Word: appareled
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...indoor skiing and snowboarding facility. The mall will also include restaurants like the Cheesecake Factory, whose 2008 profits dropped nearly 30% amid the casual-dining meltdown; an 18-screen movie theater; fashion retailers such as H&M, Guess and Zara; and Cabela's, an upmarket fishing, hunting, outdoor apparel and equipment outlet. Adrenalia, an extreme-sports store, is slated to have an indoor wave pool, and the mall includes a skydiving simulator. Xanadu will also offer rides on a 286-ft. Ferris wheel that is sponsored by Pepsi. The wheel will provide stunning views of the Manhattan skyline - as well...
...colorful t-shirts of Everything’s Jake still proclaim that “Life is Good,” but the harsh business climate has not borne out the optimism of their mantra. Everything’s Jake—an outdoor apparel store that carries “Life is Good” merchandise—will shut its doors permanently this weekend after two and a half years in the Harvard Square Garage. Store owner Glen Tompkins said that the closing was “just another sign of the times.” Everything?...
Among gift categories, IBIS World projects the sharpest drops for clothing and intimate apparel (don't expect the lingerie, ladies), dining out, jewelry, romantic getaways and flowers. Only greeting cards and candy, the smaller-ticket items, are showing a slight uptick. Brand Keys Inc., a New York City-based research and consulting firm, found that 15% of men and women said they would stay home this Valentine's Day, nearly four times as many as in 2008. Consumers also told the company they'd share gifts with fewer friends and family members. "Your great-aunt may not get something this...
...company's ill-fated $400 million purchase of women's apparel shop J. Jill in 2006 burdened its debt load. "What's hurting them more than anything is that they've got lots of debt on their balance sheet," says Betty Chen, a retail analyst at Wedbush Morgan Securities. Talbots has shuttered its men's, kids and U.K. businesses, and is shopping for a buyer for J. Jill. Good luck finding one in today's market. Earlier this month, investors received some encouragement when the company secured a $150 million credit line from three Japanese banks. In 2008 Talbots also...
...economy has spiraled down over the last few months, firms have executed a laundry list of liquidations. The Mervyn's department store chain, Levitz furniture outlet, Steve & Barry's apparel stores, Whitehall Jewelers and Linens n' Things have all shut down. KB Toys, the second largest toy retailer behind Toys R' Us, and Boot Town, a Western clothes outfitter, are running liquidations now, along with Circuit City. Look for more to come. Schaye says Hudson Capital's revenues increased tenfold in 2008. According to Erickson, the Great American Group saw a 300% revenue jump in 2008. He predicts similar growth...