Liz Claiborne Inc. is looking to sell its Mexx apparel brand to a private-equity firm, according to Bloomberg. Leonard Green & Partners, Sun Capital and Golden Gate Capital are among the firms that have shown an interested in Mexx, the report said.
Five Below on Friday made its Michigan debut, opening five stores in the Detroit metro area. The chain specializes in “extreme value” merchandise for teens and pre-teens, with no item priced more than $5.
A report released Thursday by the National Retail Federation, which expanded on earlier news by the U.S. Commerce Department, showed that warm weather, reduced gas prices and strong Father’s Day promotions helped power retail sales for the 12th consecutive month and past Wall Street expectations.