The struggles rippling through fashion retail are resulting in many changes for brands, especially those in action sports, denim, and sportswear. Zumiez’s January financial reports released February 5, 2014 record a net sales decrease of 24.3% to $38.1 million from $50.3 million last year within the same five week period. Comparable store sales are down […]
Blue Tomato, a well-known European action sports retailer based out of Austria, has been purchased by U.S. based Zumiez today, June 19, 2012 for 59.5 million Euros, with an agreement for an additional 22.1 million Euros contingent on future payments based on performance over the next 3 years. Part of a move to expand into […]
Fashion retail in major flux as sourcing costs rise and retail costs struggle to keep margins stable. And the launch of a cool underwear brand.
Even though Shepard Fairey and the AP are now BFF’s doesn’t mean that the retailers who made money off the Obama Hope Poster T-shirts are in the clear.