WWD Global Stock Tracker Rises
On Monday investors showed a sigh of relief about the fiscal condition of retailers after of the peak of the holiday selling season. On the strength of gains among most of its U.S. retail equities, the WWD Global Stock Tracker rose 0.1 percent to 108.70, identical to the S&P 500’s rise to 2,090.57. Retail components of the S&P rose far more, with the S&P 500 Retailing Industry Group gaining 0.8 percent to close at 1,035.09, while the Dow Jones Industrial Average gave back 0.1 percent to close at 18,038.23.
The WWD Global Stock Tracker follows 100 of the most important fashion, retail, luxury and beauty stocks around the world. The tracker is updated each day at 4:45 p.m. ET and is derived from market capitalization, with the value of foreign companies converted to current U.S. dollars.
InterLuxe To Buy A.L.C. Brand
Andrea Lieberman’s ready-to-wear brand A.L.C., after courting the investment set this fall, is said to have found a buyer in Gary Wassner’s new venture InterLuxe, according to a WWD source.
The investment is believed to value the company at $60 million, or one-times sales. After launching in 2009, the brand found a footing in the contemporary designer areas of leading retailers like Saks Fifth Avenue, Barneys New York, Nordstrom and Intermix, among others. Reached while on vacation, Wassner said he had no information and was focused on InterLuxe’s first acquisition, Jason Wu.
In-store Pickup Doesn’t Save Shoppers Time
Major U.S. retailers including Target Corp and Toys ‘R Us have begun allowing shoppers to collect online purchases at their stores, but a study by retail-intelligence firm StellaService shoppers shows the option often saves little, or no time over in-store shopping.
According to this small study, in-store pickup saved shoppers just 96 seconds on average compared with searching for items on their own. In a few cases, in-store pickup took longer. In-store pickup saved just 30 seconds at Target and Toys ‘R Us. At Macy’s Inc, StellaService shoppers were not quite sure where to go. In-store pickup took 8 minutes and 30 seconds, while those who walked in spent 5 minutes at a Macy’s store.
– Carol Calacci
Source & Image: WWDSee the Top Ten Summer 2016 Trends for Women Over 40
Tags: A.L.C. Brand, Andrea Lieberman, Carol Calacci, Fashion Headlines, fashion news, Gary Wassner, holiday, holiday shopping, In Store Pickup Study, InterLuxe, retail, Retail Studies, shoppers, StellaService, WWD, WWD Stock Tracker