August 21st, 2012

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Ariella wins trademark back and jumps abroad

Tuesday, August 21st, 2012

London fashion darling Ariella, a famous Carnaby Street’s presence since the Sixties, has won a long-lasting battle to win back its trademark.  The rights to the Ariella name in 29 countries belonged to German Universal Textiles, which went into liquidation two years ago.

London´s fashion brand Ariella is planning a global push after winning back the rights to use its name in key markets abroad.  In July, Ariella regained the rights to use the name in those countries, agreeing a six figure deal with the new owner, Betti Holdings of Slovenia, reported ‘Gulf News’.

“Now, we are ready for a big expansion,” Constantinou – one of the founders- said. “We have increased staff from 12 to 29 in the past two years and are exporting more to Germany, Switzerland, Austria, Spain, Norway, and Canada.”
Up to the date, the German swimwear maker had the rights to the Ariella name in 29 countries, including Japan, Australia, Canada, Russia, and Germany.

Ariella, an iconic name in Sixties Carnaby Street, was co-founded by Achilleas Constantinou and his brother Aristos in 1966. Sixty years later, the Ariella label manufactures and designs for department stores and retailers in Britain and Europe, among them John Lewis, River Island, and Debenhams.

Besides, the company has launched a new label, Ariella Couture, the brain child of Lana Marie Constantine, Constantinou’s 28-year-old daughter. Lana launched the Ariella Couture range and opened its first concession at Harvey Nichols in Dublin in April. “We will be moving to London stores next,” she said.

Stella McCartney Opens in Shanghai

Tuesday, August 21st, 2012

Stella McCartney has opened its first freestanding boutique in Shanghai as the brand takes direct control of its Chinese business.

The 1,195-square-foot store, which opened earlier this month, is located at the Reel Mall on Nanjing Road. In line with the brand’s current store design concept, the boutique features a glazed, ceramic tile facade, an oak parquet floor in a herringbone pattern and brass fixtures.

Stella McCartney, which is a joint venture between the British designer and French luxury giant PPR SA, is expanding in China. In October, the brand’s first kids’ shop-in-shop and lingerie corner will open on the fourth floor of Shanghai’s Reel Mall. Stella McCartney will open a Beijing store in December and a second Shanghai store next spring. The London-based brand recently took its China distribution in-house, terminating a franchising agreement with Lane Crawford. Lane Crawford remains Stella McCartney’s distributor in Hong Kong.

“As our brand is pursuing extension into Asia it is now time to take our business and presence in China further into the next step of growth by developing a local strategy focused on retail expansion and increased distribution,” said Frederick Lukoff, chief executive officer of Stella McCartney.

Urban Outfitters Q2 Profit Rises

Tuesday, August 21st, 2012

Specialty apparel retailer Urban Outfitters Inc., said Monday its profit for the second quarter increased from last year on strong growth across its mainstay brands. The company’s earnings for the quarter breezed past Street estimates, with sales also coming in ahead of expectations. The positive results comes amid a pickup in retail activity as consumers splurge on their favorite brands even as concerns remain of the overall economic situation. The news had a significant impact on Urban Outfitters shares that reached a new high for the year. The stock is currently up 16.34 percent at $36.39 on the Nasdaq.

Philadelphia, Pennsylvania-based Urban Outfitters reported second quarter net income of $61.29million or $0.42 per share, up from $56.69 million or $0.35 per share last year in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share for the quarter.

Urban Outfitters operate under its eponymous brand as well as those like Anthropologie, BHLDN, Free People, and Terrain. During the quarter, the company’s net sales grew 11 percent year-over-year. Net sales for the quarter rose to $676.27 million from $609.18 million in the prior year quarter. Twenty eight analysts had consensus revenue estimate of $671.58 million for the quarter.

Comparable retail segment net sales, which include comparable direct-to-consumer channel, increased 4% for the quarter, while comparable store net sales decreased 1%. Comparable retail segment net sales at Free People and Urban Outfitters increased 12%, and 6%, respectively, while comparable retail segment net sales at Anthropologie were flat for the quarter. Direct-to-Consumer net sales increased 22% and wholesale segment net sales rose 17% for the quarter.

Nevertheless, high cost of sales somewhat impacted gross margin that fell 30 basis points from last year to 37.6 percent, hurt by the deleveraging of initial merchandise costs and store occupancy expenses.

Moving forward, CEO Richard Hayne said, “As we head into the second half of the year we plan for gradual year over year improvement in our business along with further tightening of our store inventories.”

URBN closed Monday at $31.28, down 0.38%, on a volume of 3.2 million shares on the Nasdaq. In after hours, the stock gained $5.11 or 16.34%. In the past year, the stock trended in a range of $21.47 – $31.81.

Finish Line Appoints Amber Vanes As VP, Planning And Allocation

Tuesday, August 21st, 2012

Finish Line Inc. announced that it has appointed Amber Vanes as its vice president, planning and allocation.

Vanes has been with Finish Line for seven years, most recently serving as Senior Buyer/DMM for The Running Specialty Group. Finish Line, which acquired The Running Specialty Group last year, operates 19 specialty running shops in seven states and the District of Columbia under The Running Company banner as a joint venture with Gart Capital Partners.

Prior to Finish Line, Vanes worked as a Senior Business Analyst at Marshall Field and Company.