The American retail scene is not all doom and gloom. Kate Spade & Company is doing very well, reporting a direct-to-consumer comparable sales growth of 9% for the fourth quarter and for the full year 2016.
Clothing firm Sunrise Brands LLC has bid for the e-commerce business and intellectual property of bankrupt U.S. retailer The Limited, challenging a $26.3 million offer from private equity firm Sycamore Partners.
Rocky Brands posted a net sales decrease for the fiscal year and a net loss of $2.1 million. The company performed better in the fourth quarter, with the military segment increasing 106.4% over last year.
Marc Jacobs offered a hip-hop grand finale to New York fashion week on Thursday, rewriting runway etiquette in a phone-centric, celebrity-obsessed world with the future of traditional catwalk shows under threat.