Blog: Disney to weave magic over chain?
Leonie Barrie | 25 March 2008
News that The Walt Disney Co is seeking to regain control of about two-thirds of the stores in the Disney Store chain comes as no surprise.
The Children's Place Retail Stores Inc has had a long-term license agreement to operate the Disney Store shops in North America, but in January hinted all was not well and that it was to review its strategic options.
Contributing to its decision were a recent dispute with The Walt Disney Co, the resignation of CEO Ezra Dabah for violating the company's code of conduct on securities trades, and long delays to its quarterly reports filings.
As if these problems weren’t enough, Children's Place has just swung to a fourth quarter loss of $58.5m, or $2.01 per share, which it blamed on impairment charges and other costs related to the Disney deal. In the same period last year it posted a profit of $44.7m, or $1.48 per share. It has also embarked on a cost-cutting exercise for the year ahead, which will see the loss of about 130 jobs.
It remains to be seen whether the Disney Stores will be a burden for the entertainment giant; after all, it has already offloaded them once before. The company seems to think, though, that the retail stores could extend its brand and, with a smaller footprint, add value to the company.
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....
Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- Apparel factory auditing is in the firing line
- $1.7bn package to boost Pakistan clothing exports
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- New project to digitalise European fashion chains
- Brands need to tackle Turkey factory refugee abuse
- JC Penney to roll out hundreds of Nike "shops"
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016