GAAP net loss for the three months ended July 30, 2016 at Destination Maternity fell 6.5 per cent year on year to $2.5 million. Adjusted net loss was $2.0 million for the reporting quarter as against $1.7 million the prior fiscal’s same quarter.
Bankrupt U.S. teen retailer Aeropostale Inc received bids last week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter.
Amazon continues its fulfillment center expansion in Texas with the announcement of a second center in Coppell. The new location will join five freestanding locations and two locations under construction in Houston and San Marcos.
Douglas Elliman is unveiling a new retail space by the Empire State Building in New York City. The space is intended to accommodate the increasing number of fashion brands moving to the Empire State Building South area.