It’s snowing. The children laugh and prance through the woods. Dad fells the perfect fir and carries it home over his shoulder. The family sings carols and drinks cocoa as they happily decorate the tree.
Retailers from American Eagle Outfitters Inc. to Bloomingdale’s are betting that women are ready to shed skinny jeans for a return to flared styles, a change that may firm up more than sagging denim sales.
Sears Holdings Corp. and Urban Outfitters Inc . are weighing rival bids for clothing retailer J. Crew Group Inc. in a potential challenge to TPG Capital and Leonard Green & Partners LP’s $3 billion buyout, said three people with knowledge of the matter.
Connecticut Attorney General Richard Blumenthal said he asked Google Inc. whether it tested its Street View software before using it, which he said should have revealed the unauthorized collection of personal data from wireless computer networks.
Mickey Drexler put $10 million of his own money into J. Crew Group Inc. when he took over its top job in 2003. As he overhauled the New York retailer, he personally reviewed every item of clothing sold, every model in the catalog and every new employee.
Urban Outfitters was Louis Redondo’s favorite store for fashionable hats and T-shirts five years ago. Today, he says he’d be embarrassed to wear its bright, striped sweaters and flared velvet pants for anything except a Halloween costume.
Wal-Mart Stores Inc. , Saks Inc. and other U.S. retailers are avoiding profit-eating discounts late in the holiday season, potentially helping them wring more out of sales in the days before Christmas.