Canada’s Oldest Retailer Sold to U.S. Owners of Lord & Taylor

Canada’s oldest retailer, Hudson’s Bay Company (HBC), will be transferred from one American owner to another. NRDC Equity Partners, owners of U.S. department store Lord & Taylor, will purchase HBC from the estate of Jerry Zucker who died in April. Read more

Candie’s Introduces Hayden Panettiere in Its Upcoming Back to School Campaign

Iconix Brand Group, Inc. announced today that Hayden Panettiere will star in the Company’s junior brand, Candie’s(R), back to school 2008 television, print and online advertising campaign. Hayden, who is known as an award-winning actress, activist and star of NBC’s hit television series, “Heroes” can now add recording artist to her resume. Read more

Brazilian Beachwear Great Cia.Maritima Debuts Collection At Mercedes-Benz Fashion Swim

Cia.Maritima, the Brazilian beachwear brand will debut its 2009 collection in the United States at Mercedes-Benz Fashion Week Miami Swim in Miami. The runway show will be chocked-full of models from Brazil and will be held Sunday, July 20 at 9:30 pm, in the Cabana Grande tent at the historic Raleigh Hotel. Read more

Wal-Mart Joins WWF in Fight Against Illegal Logging

Wal-Mart Stores, Inc., the world’s largest retailer, has strengthened its relationship with WWF by pledging to help save the world’s most valuable and threatened forests. Earlier this year the American discount department store committed to purchasing 100 per cent of its wild caught salmon from sources certified by the Marine Stewardship Council (MSC) within four years; WWF were co-founders of the MSC in 1997. Read more

Two New Assortments of Products, Martha Stewart Create And Martha Stewart Celebrate, Debut At Wal-Mart

Martha Stewart Living Omnimedia, Inc. has announced its Martha Stewart Crafts line is expanding into Wal-Mart stores in the U.S. and Canada. Two new assortments — Martha Stewart Create and Martha Stewart Celebrate — are debuting in the majority of Wal-Mart stores across the U.S. and Canada this month. Read more

Consumers’ Expectations At An All-Time Low

The Conference Board Consumer Confidence Index, which had declined in May, declined even further in June. The Index now stands at 50.4 (1985=100), down from 58.1 in May. The Present Situation Index decreased to 64.5 from 74.2. The Expectations Index declined to 41.0 from 47.3 in May. Read more

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