Report: Apparel Makers to Ask Retailers for Concessions
New York City Apparel manufacturers, upset with the deep holiday discounts being offered by retailers, may force department stores to absorb a larger chunk of the markdowns, Bloomberg reported.
Liz Claiborne Inc., HMS Productions Inc. and other apparel companies plan to push back at the retailers who slashed prices as much as 70% this holiday season, according to the report. It cited Lou Breuning, president of New York City-based HMS, saying the company was asking department stores for concessions. HMS sells Spence blouses at Dillard’s Inc. and Cable & Gauge knits through Macy’s.
Apparel manufacturers and department stores will meet before the retail fiscal year ends on Jan. 31 to determine how to split discount costs, the report said.
Herd to retire as Polk Audio president
BALTIMORE Polk Audio, announced that its president, Jim Herd, will retire at the end of the year, leading to a realignment of its senior management team.
“After a total of 30 years in the loudspeaker industry, including 16 years here at Polk Audio, I am fortunate enough to be able to retire and attend to more personal interests,” said Herd.
Polk Audio will be structured under the following three primary areas: marketing, sales, and product line management will report to Ben Newhall, vp of sales; engineering, project management, and purchasing will report to Jeff Nemec, vp of new product development; and operations and finance will report to Joe Tristani, COO.
Amazon.com claims 2008 was best holiday ever
SEATTLE Amazon.com has managed to defy economic trends, by claiming that the 2008 holiday season was its best ever. According to the company, more than 6.3 million items ordered worldwide on the peak day, Dec. 15, which is a record-breaking 72.9 items per second.
Among Amazon.com’s top sellers this holiday season were the Eyeclops night vision stealth goggles, the Apple iPod touch 8 GB (2nd Generation) and “The Tales of Beedle the Bard” by J.K. Rowling.