BUSINESS EXPANSION: In a revision of the scope of its business, Gordon Bros. Group has committed $100 million to purchase excess consumer goods directly from manufacturers and retailers. The Boston-based company, best known for liquidations of...
BUSINESS EXPANSION:In a revision of the scope of its business, Gordon Bros. Group has committed $100 million to purchase excess consumer goods directly from manufacturers and retailers. The Boston-based company, best known for liquidations of inventory on behalf of retailers, now can take direct ownership of excess inventory for disposition through third-party channels. The company is adding staff to facilitate the new transactions and has made them a part of its updated online marketplace at retailexchange.com.CLAIRE SAILING: Teen costume jewelry and accessories specialty retailer Claire's Stores Inc. upped its second-quarter earnings forecast to 23 cents a diluted share from 17 cents as sales through the first three weeks of June remained "very strong," according to Rowland Schaefer, chief executive. Results would reverse last year's loss of 2 cents a share. In addition, the Pembroke Pines, Fla.-based company said it now expects to report earnings per share of $1.15 for the full year, compared to 84 cents last year. Claire's shares closed up $1.23, or 6 percent, at $21.66, 72 cents shy of its 52-week high, reached April 19, in New York Stock Exchange trading Thursday.
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion
Exclusive: Cate Blanchett has been named the first global beauty ambassador for @armanibeauty. Blanchett has been the face of the brand’s Sì fragrance franchise since 2013, and is now representing all of the label’s beauty categories including makeup and skin care. #wwdbeauty (📷: @zefashioninsider)
“From concept to creation, my goal was to create beautiful pieces, with a variety of sizes, all at affordable prices,” said @joansmalls of the swimwear and intimate apparel she designed for @smartandsexysocial. The collection includes neon laced bras, sheer bodysuits and swimwear separates. The intimates collection will launch in July, while the swimwear collection will be available for purchase on Tuesday at select @walmart stores, walmart.com and smartandsexy.com. #wwdfashion