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May 25, 2012

Talbots deal on hold for now, shares plunge

By Nivedita Bhattacharjee

(Reuters) – Shares of Talbots Inc (TLB.N: Quote, Profile, Research, Stock Buzz) plunged as much as 39 percent on Friday after exclusive negotiations with Sycamore Partners ended without an agreement for the private equity firm to buy the women’s apparel retailer, which can now look for other deals.

Talbots said it is open to pursuing a transaction with Sycamore at $3.05 per share, which would value the retailer at around $215 million, if the private equity firm can provide certainty that it can get financing and close the deal. Talbots said Sycamore was not ready make a deal at this time.

May 16, 2012

Abercrombie comparable sales down, shares fall

By Nivedita Bhattacharjee

(Reuters) – Abercrombie & Fitch Co (ANF.N: Quote, Profile, Research, Stock Buzz) posted a sharp drop in profit and its first quarterly decline in sales at established stores in more than two years, pressured in part by weak sales in Europe.

Its shares fell some 8 percent in premarket trading.

Same-store sales, or sales at stores open at least a year — an important measure of retail growth — fell 5 percent in the quarter, and the teen clothing retailer forecast a tepid year ahead.

May 15, 2012

Amazon aims to launch front-lit Kindle in July

By Nivedita Bhattacharjee

(Reuters) – Amazon.com Inc will launch new versions of its Kindle e-reader and tablet, including a monochrome e-reader with front lighting, a source who has seen the prototype told Reuters.

The world’s largest Internet retailer is aiming to have the new e-reader in stores in July, said the source, who has direct knowledge of the matter but asked not to be named because Amazon (AMZN.O: Quote, Profile, Research, Stock Buzz) has not yet made the decision public.

May 14, 2012

Amazon aims to launch front-lit Kindle in July –source

May 14 (Reuters) – Amazon.com Inc will launch new
versions of its Kindle e-reader and tablet, including a
monochrome e-reader with front lighting, a source who has seen
the prototype told Reuters.

The world’s largest Internet retailer is aiming to have the
new e-reader in stores in July, said the source, who has direct
knowledge of the matter but asked not to be named because Amazon
has not yet made the decision public.

May 3, 2012

Apparel sales stay strong in April

By Nivedita Bhattacharjee

(Reuters) – Several clothing retailers, including Limited Brands Inc (LTD.N: Quote, Profile, Research, Stock Buzz) and Zumiez Inc (ZUMZ.O: Quote, Profile, Research, Stock Buzz), posted better-than-expected sales in April, helping to allay fears that March’s strength came from an earlier Easter and a warm start to the spring season.

But Costco Wholesale Corp (COST.O: Quote, Profile, Research, Stock Buzz) missed Wall Street estimates for the second month in a row, indicating competition with other big-box retailers hurt the biggest U.S. warehouse club operator’s performance.

May 3, 2012

U.S. apparel sales stay strong in April

May 3 (Reuters) – Several U.S. clothing retailers, including
Limited Brands Inc and Zumiez Inc, posted
better-than-expected sales in April, helping to allay fears that
March’s strength came from an earlier Easter and a warm start to
the spring season.

But Costco Wholesale Corp missed Wall Street
estimates for the second month in a row, indicating competition
with other big-box retailers hurt the biggest U.S. warehouse
club operator’s performance.

Apr 30, 2012

Social gifting: the new buzzword in e-commerce

* Sweden’s Wrapp, other startups, win venture-cap backing

* Nascent industry carries big growth potential -investors

* Retailers like potential sales boost, low marketing cost

By Nivedita Bhattacharjee

(Reuters) – Last year, the buzzword in e-commerce was Groupon Inc and its myriad of competitors that offered daily online coupons to entice shoppers in a down economy. Now, the latest fashion in retail is social gifting, where people get together on Facebook to buy each other gifts.

Start-ups such as Sweden-based Wrapp, which is launching its U.S. business on Monday, are getting millions of dollars in venture-capital funding, and retailers like Best Buy Co Inc, Gap Inc and Starbucks Corp are scurrying to be a part of it.

Apr 24, 2012

Retailers play catch-up in fashion speed race

By Nivedita Bhattacharjee

(Reuters) – After years of losing customers to Europe-based retailers that give young shoppers fresh fashions more quickly, clothes retailers are fighting back.

To pick up speed, companies like Gap Inc, American Eagle Outfitters and Macy’s Inc are placing smaller orders in more factories, and waiting until the last minute to say what colors and cuts the fabric should take. They are also slashing the time clothes spend in warehouses, industry experts said.

Apr 24, 2012

Analysis: Retailers play catch-up in fashion speed race

By Nivedita Bhattacharjee

(Reuters) – After years of losing customers to Europe-based retailers that give young shoppers fresh fashions more quickly, clothes retailers are fighting back.

To pick up speed, companies like Gap Inc (GPS.N: Quote, Profile, Research, Stock Buzz), American Eagle Outfitters (AEO.N: Quote, Profile, Research, Stock Buzz) and Macy’s Inc (M.N: Quote, Profile, Research, Stock Buzz) are placing smaller orders in more factories, and waiting until the last minute to say what colors and cuts the fabric should take. They are also slashing the time clothes spend in warehouses, industry experts said.

Apr 23, 2012

Analysis: U.S. retailers play catch-up in fashion speed race

By Nivedita Bhattacharjee

(Reuters) – After years of losing customers to Europe-based retailers that give young shoppers fresh fashions more quickly, U.S. clothes retailers are fighting back.

To pick up speed, companies like Gap Inc (GPS.N: Quote, Profile, Research, Stock Buzz), American Eagle Outfitters (AEO.N: Quote, Profile, Research, Stock Buzz) and Macy’s Inc (M.N: Quote, Profile, Research, Stock Buzz) are placing smaller orders in more factories, and waiting until the last minute to say what colors and cuts the fabric should take. They are also slashing the time clothes spend in warehouses, industry experts said.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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