Kohl’s re-ups Britney Spears contract
Menomonee Falls, Wis. Iconix Brand Group announced Tuesday it has renewed its exclusive partnership with Britney Spears for its Candie’s brand, which is available only at Kohl’s Department Stores and Kohls.com.
Spears will appear in the Candie’s only at Kohl’s marketing campaigns throughout 2010.
Details on the spring 2010 Candie’s only at Kohl’s marketing campaign will be released next month.
New additions to beauty
This March, the beauty department at Target is set to receive new items from such boutique brands as NP Set and Pixi. The new launches are designed to fulfill the retailer’s “expect more” value proposition. Target will add five new products from the NP Set brand including a $32 NP Set Romance Set with 26 colors, including 18 eye shadows, four blushes and four lip glosses, a $15 mascara, a $15 eye primer, a $17 compact kit called Pretty Presto and a $13 item called the NP Set On the Double Pens.
Under the Pixi brand, new items will include an $18 Smokey Eye Primer, a $14 Endless Silky Eye Pen, a $28 Flawless & Poreless cleanser and a $25 Lumi Luxe Bronzer Palette.
Borders sees decrease in holiday sales
ANN ARBOR, Mich. Borders Group reported that for the 11-week holiday period ended Jan. 16 total consolidated sales were $846.8 million, a 13.7% decrease compared with the same period last year.
Within the Borders superstore segment, total sales for the period were $649.2 million, a 14.7% decrease from a year ago. Comparable-store sales at Borders superstores declined 14.6%. Factoring out multimedia, comparable-store sales at Borders superstores declined 10.9%.
Within the Waldenbooks Specialty Retail segment, total sales for the holiday period were $153.2 million, a 14.6% decrease year-over-year. Comparable-store sales for Waldenbooks stores that will remain open beyond the end of this month declined 9.4%.
“We are disappointed with holiday results and must intensify our focus on creating and delivering a shopping experience that drives profitable sales,” said Borders Group CEO Ron Marshall. “Given the sales challenge, we have continued to manage cash flow and have taken several important steps in line with our strategic priorities, including moving away from underperforming, low margin categories such as music and video in favor of better performing categories such as children’s.”