News

Tuesday, May 26, 2009

S&K closes stores

Posted By on Tue, May 26, 2009 at 9:23 AM

Men, until they close their doors forever, you can at least take advantage of the going-out-of-business sale.

S&K Famous Brands Inc. will close all 105 of its S&K Menswear stores in 26 states, including five in the Charlotte region.

S&K’s local stores are at The Centrum mall in Pineville, Valley Hills Mall in Hickory, Concord Mills in Concord, Northlake Mall in Charlotte and Matthews Township Festival in Matthews.

Read the full Charlotte Business Journal story here.

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Monday, May 25, 2009

Is the death of the mall coming soon?

Posted By on Mon, May 25, 2009 at 11:07 AM

It's nice to know that independently owned shops aren't the only ones taking a hit.

The severity of the recession is turning some malls that were once viewed as viable into potential casualties. "Any mall that's sitting on life support is probably going to get its plug pulled" as the economy stalls, says Michael Glimcher, chairman and CEO of Glimcher Realty Trust, which owns 23 U.S. properties, including Eastland Mall in Charlotte.

Read the rest of this Wall Street Journal story here.

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Saturday, May 23, 2009

When cutting's not enough

Posted By on Sat, May 23, 2009 at 1:40 PM

I'm sure retailers have pretty much had it up to HERE with this recession.

U.S. retailers, which have banked heavily on cost cuts to guard margins in the recession, may be running out of ways to trim expenses further -- putting future profits in jeopardy, unless consumers open their wallets soon.

Read the full story on Reuters.com.

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Tuesday, May 19, 2009

Another store set to close its doors soon

Posted By on Tue, May 19, 2009 at 10:30 AM

The Stein Mart in Cotswold is set to close this summer.

Like a range of other retailers, Jacksonville, Fla.-based Stein Mart has been hit hard by the recession. It reported a net loss of $71.3 million in 2008 and expects to close 10 to 13 stores this year. No other locations in Charlotte market are slated to close, Edelman said.

Read the rest of this Charlotte Observer story here.

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Design your own Niche (T-shirt)

Posted By on Tue, May 19, 2009 at 10:00 AM

For all you wannabe designers out there, check this out. Niche in Southend is holding a T-shirt design contest.  Send in your designs (no more than two) to info@thenichemarket.com by June 12. The winner will be announced at the next in-store SWARM event on June 19. Click here for more details.

Bonus: The winner gets a $200 Niche gift card and a new Niche T-shirt. Nice!

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'I work at the Red House and I'm white'

Posted By on Tue, May 19, 2009 at 9:30 AM

"At the Red House, where black people and white people buy furniture."

So, there's a furniture store in High Point with the above motto. It's called the Red House. According to an article in the Observer, the shop has garnered attention recently because of its bizarre Youtube commercial. Check it out:

"We thought the idea was hilarious to use race and racial reconciliation as a marketing angle," Neal [one of the singers] said Monday. "We also knew it would raise eyebrows and spark discussion."

The Red House has been in business for 50 years and offers new and used furniture.

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Monday, May 18, 2009

Louis Vuitton tweets

Posted By on Mon, May 18, 2009 at 2:40 PM

Or Twitters. Or Twits? What's the verb form of the word Twitter?

Anyway. Legendary luxury brand Louis Vuitton is now on the fantabulous social network Twitter.

On Friday, they launched their own official page which will give fashion lovers an insider’s view into the house. Louis Vuitton US will tweet about brand info, product launches, celeb sightings and party gossip.

It’s a savvy move for the brand, according to Daniel Lalonde, president and chief executive officer of Louid Vuitton US.

Read the full story here. And to follow good ol' Louis, check out www.twitter.com/LouisVuitton_US

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Woody Allen, American Apparel settle

Posted By on Mon, May 18, 2009 at 2:04 PM

Well, Woody Allen managed to squeeze $5 million out of the buggers for using his image on billboards without permission. Read the whole story here.

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Friday, May 15, 2009

Get hair like Blago

Posted By on Fri, May 15, 2009 at 10:33 AM

A Chicago company is banking off former governor Rod Blagojevich, just as he tried to bank off President Obama.

Blago It's Bleep'n Golden volumizing shampoo and conditioner sell for $8 each (or $15 as a pair) and are available through a company-sponsored Web site: blagohair.com.

Blagojevich was removed from office in January after being accused of screwing around and trying to sell President Obama's vacant Senate seat. The name of the products refers to a comment he allegedly made about the appointment: "I've got this thing and it's (expletive) golden.

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Wednesday, May 13, 2009

Folks still not shopping

Posted By on Wed, May 13, 2009 at 11:29 AM

The Commerce Department says retail sales dropped 0.4 percent last month. Guess folks haven't started buying their summer wardrobes yet.

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