The business is cutting about 80 positions in the first quarter.
Even though the U.S. economy is cooling, Alberto Fasja Cohen, co-chief executive officer of Grupo AXO, said the retail waters south of the border are warm enough for the right kind of brand looking to expand.
Keeping a close eye on inventory and costs and offering shoppers the promise of branded goods at inexpensive prices, off-price giant TJX Cos. Inc. drove up its bottom and top lines in the fourth quarter.
FOH Holdings, the parent of Frederick’s of Hollywood, and Movie Star Inc. have completed their merger and retail expansion is a priority.
Patrick Cox’s business is in flux after his backers withdrew their funds, forcing the London-based footwear designer to close his Sloane Street boutique and…