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American Apparel Said to Get $200M Takeover Bid From Charney Ally
American Apparel Inc., set to emerge from bankruptcy this month, has received a takeover bid of more than $200 million from an investor working with ousted chief executive officer Dov Charney.
Japan Tennis Ace Nishikori Said to Renew Uniqlo Endorsement Deal
Japanese tennis star Kei Nishikori renewed his endorsement deal with Fast Retailing Co.’s Uniqlo clothing brand, according to two people familiar with the agreement.
Slumping Currency Holds Silver Lining for Canadian Retailers
The Canadian dollar's plunge to a 12-year low is seen boosting sales for the country's retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases.
Bits & Bytes | Gilt Groupe Sold for $250m, Wearables at CES, Under Armour Gadgets
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Role Call | Declan Chan, Style Director
Declan Chan, style director for Men’s Uno Hong Kong, says “Find your niche, and be consistent.”
Hudson’s Bay to Acquire Gilt Groupe for $250 Million
Gilt Groupe Holdings Inc., a startup once valued at about $1 billion, agreed to be acquired by Hudson’s Bay Co. for $250 million in cash.
J.C. Penney Same-Store Sales Rise 3.9 Percent in November-December
J.C. Penney Co Inc's same-store sales rose 3.9 percent in November and December due to strong demand for its private-label offerings and gift products and higher online sales.
Fast Retailing Cuts Operating Profit Forecast on Warm Weather
Fast Retailing Co. cut its full-year operating profit forecast as unseasonably warm weather in its Japanese home market hurt sales of winter clothes for the retailer’s Uniqlo brand of casual wear.
Fitbit Plummets as Competition in Fitness Devices Heats Up
Fitbit Inc. fell to its lowest price since its initial public offering after introducing a new smartwatch, while companies such as Fossil Group and Under Armour Inc. debuted fitness devices at the International Consumer Electronics Show.
Fitbit Takes On the Apple Watch With the Blaze
The fitness tracking leader goes for a full-on, fashionable smartwatch.