When the news broke that Michael Kors Holdings paid $2.12 billion for Italian fashion brand Gianni Versace S.p.A., people were surprised at the price. Calling the offer “a rich one,” the Wall Street Journal reported the brand had generated only $17.5 million in profits last year. Investment analyst Oliver Chen with Cowen and Company was more bullish about the […]
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RSS feed for this sectionUrban Outfitters Introduces A New Concept for Anthropoligie Called Devon Yard
Urban Outfitters Inc. just reported a bang-up second quarter. Overall sales rose 13.7% to reach a record $992 million in the second quarter 2018. The company attributed those gains to “double-digit growth in the digital channel and positive retail store sales,” noting a comparable retail store increase of 13%. The company remained conservative in its […]
Minneapolis’ Martin Patrick 3 May Be the Hottest Retailer in the Hottest Retail Market
Fast Company magazine recently identified five cutting-edge retailers that have figured out how to compete in the age of Amazon and bring shoppers back to the physical store in an article entitled “The future of retail in the age of Amazon.” Three of the five retailers profiled – Mall of America, Target and Martin Patrick 3 […]
Pointy Partners with Google to Help Local Retailers Compete Against Amazon
Amazon’s onslaught against brick-and-mortar retail is relentless. Today it controls about 5% of all American retail, according to Bloomberg, and is on track to take 49% of all online spending this year predicts EMarketer. Amazon is the competitor that keeps local independent retailers up at night. Some 73% of independent retailers surveyed by the Advocates for Independent […]
The Big $125 Billion Business of Business Gifting
It’s that time of year when every man and woman starts to think about gifts to give, and in the case of children, gifts to receive. It’s the same for people in business. They know the value of business gifting, as fellow Forbes.com contributor Ian Altman makes clear, “It’s always a good idea to show clients your […]