From J.C. Penney to Sears to Wet Seal to BCBG, store closures are becoming more frequent for more retailers, but not Ross Stores.The off-pricer since February has opened 23 new Ross locations and five Dd’s Discounts stores as part of a larger goal to open up 90 new locations in 2017. The openings have been mainly in the Midwest, but also included locations in California, Florida and Texas.
Ross first entered the Midwest in 2011 and now has 133 stores total in Illinois, Indiana, Kansas, Kentucky, Missouri, Iowa, North and South Dakota, and Wisconsin.
By adding about 70 Ross stores and 20 Dd’s stores this year, the company is well on its way to achieving long-term plans for 2,000 Ross locations throughout the U.S. and 500 dd’s Discounts.Ross president and chief development officer Jim Fassio said the company “remain[s] confident” in its ability to grow at such a rate “over time.” There are currently 1,561 Ross and Dd’s stores in operation in 37 states.While Ross is expanding, not to mention posting annual earnings growth in the double digits, department stores and specialty retailers are dealing with slipping sales, sluggish traffic and an unsustainable brick-and-mortar presence.J.C.Penney Co. plans to close up to 140 stores this year, Macy’s closed 66 in 2016 and is set to shutter another 34 in 2017 and Sears is continuing with plans to close dozens of locations while Wet Seal and BCBG, along with other brands, have turned to bankruptcy in an effort to realign their business with changing shopping habits.A decline in foot traffic is often cited by retailers as reason for underperformance, with sales purportedly moving online, and 2017 appears to be moving along the same path with an estimated 11 percent dip in traffic for February alone.The continued rise of e-commerce sales “doesn’t explain everything” though, according to a research note from Roxanne Meyer, a managing partner with equity research firm MKM Partners.“Off-price continues to demonstrate it is largely resilient vs. Amazon and is the channel of choice vs. the mall,” Meyer said. “Despite a cautious outlook and lowered expectations for many in [the first quarter of 2017], the tone at off-price remains positive, with ‘plentiful goods in the marketplace.’”
She added in an interview that off-price retailers like Ross are also benefiting from store closures in retail, because they now have access to “really good real estate at really attractive pricing,” along with the competitive space to be more thoughtful in where they choose to open up new stores.
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye