TV production and distribution company Marvista Entertainment recently revealed its licensing strategy for a Disney Channel original movie, "Radio Rebel." Among the licensing deals are: bracelets and hair accessories by CPO; printed gifts by Scorpio Posters; apparel items by KJM, Jerry Leigh and Ripple Junction; and a range of customizable products like notebooks, stickers, magnets, apparel, headwear and gifts by online retailers CafePress and Zazzle. A portion of the collections' product sales will benefit the Ryan Seacrest Foundation.
American Eagle Outfitters Inc.'s fiscal fourth-quarter profit fell 41 percent as the teen retailer posted about $20.7 million in store impairment charges and saw input costs rise sharply, though revenue improved thanks to strong online sales. Earnings reached the high end of company guidance and American Eagle forecasts sales improvement in the new year. The clothing chain showed further strength on Thursday after being boosted by both Goldman Sachs and Nomura.
Children's Place Retail Stores Inc.'s fiscal fourth-quarter earnings fell 25 percent on lower-than-expected sales as the children's clothing retailer also authorized a new $50 million stock repurchase program. The chain, which has been discounting heavily at the end of each season to get rid of piled up products, also forecast current-quarter and full-year earnings below what analysts were expectating and announced plans to open 60 new stores in fiscal 2012.
Nearly half of consumers who have shopped online in the last six months checked out the product in a local retail store before making the purchase through an e-tailer, reports market research firm ClickIQ. Walmart and Target were noted as some of the most frequent retailers consumers visited to conduct research. Price was the number one reason why consumers said they made the purchases online. Other factors include no delivery charges, variety of products and no sales tax.
Zinkia Entertainment joined forces with the Hispanic Information and Telecommunications Network (HITN) for an educational "Ready to Learn" partnership, which will bring Zinkia's global preschool character Pocoyo to a series of tablet, smartphone and cloud-based programs to help preschools develop English literary skills.
National Geographic has paired up with performance textile and apparel company Trailtex - along with its subsidiary, Earthtec - to introduce a branded line of apparel for men's, women's and childrens apparel and outerwear. The collection, which will be available to retail stores across America, will debut this fall.
Disney Consumer Products has partnered with Ivivva Athletica - Lululemon Athletica's girls' dance apparel brand - to produce a line of dancewear inspired by Disney Channel series "Shake It Up." The line, with collections set to roll out each season this year, will include leg warmers, shorts, jackets and headbands.
Shares of children's clothing company Carter's climbed as much as 10 percent on Wednesday after its quarterly results and full-year outlook beat Wall Street expectations. Earnings per share rose 5 percent to 63 cents, trouncing views of 44 cents a share, while strong sales of its namesake Carter's and OshKosh B'gosh brands resulted in a 22 percent surge in revenue to $606.6 million. Analysts had expected $572.8 million.
The Consumer Product Safety Commission (CPSC) issued a voluntary recall of Papa Bear children's pajamas on Tuesday because they failed to meet federal flammability standards. More than 10,000 pairs of cotton pajamas sets, pants and nightgowns sold in boys' and girls' sizes 0 to 14 were imported by the Los Angeles, CA-based company. While no injuries have been reported, the CPSC says there is a risk that children could be burned if the pajamas catch fire and advises customers to return the product to retailers for a refund, exchange or store credit.
Collective Brands Inc. is expanding the reach of its line of licensed Airwalk apparel and footwear with a multiyear deal with Wiesner Worldwide Kreations. The deal will bring the children's Airwalk line to more than 35 stores in India. Collective Brand's collaboration with Wiesner Worldwide supports the brand's efforts to bump its global presence.