Li & Fung Plans to Chop Apparel Lead Times by More Than Half

Sourcing giant Li & Fung plans to cut its apparel production cycle by more than half, to 20 weeks, by 2019 across private label and licensed brands as it seeks to keep pace with ever-changing fashion trends, CEO Spencer Fung said at the National Retail Federation (NRF) Expo this week. While the time between product concept and retail shelves has

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CES Report: Licensed Fashion Wearables Play Starring Role

From the wearable technology that graced fashion brands to home automation and more standard TVs, digital cameras and headphones, licensing was woven into the International Consumer Electronics Show last week. In part the licensed brands were designed to both raise the profile of new and emerging technologies and provide a consumer draw. For example, eyewear supplier Safilo, which sells products

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At CES, Licensing Stretches Brands in New Directions

LAS VEGAS – Old brands were reinvented via licensing at the International Consumer Electronics Show (CES), either by returning to their roots or branching into new technologies and categories. From Polaroid and Kodak highlighting their renewed push in the camera business – the former with funding partly supplied by a business that boasts 97 licensees – to Craig Electronics remaking

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Inside Licensing CES News and Notes, Jan. 10, 2018

Curtis International/RCA/Proscan, CAT/Bullitt, Nima/NBA, Playbrush Curtis International is deploying a two-pronged strategy for its licensed RCA and ProScan brands as it seeks to build a business with entry-level 4K ultra-high definition TVs, a company spokesman told us at the International Consumer Electronics Show (CES). The company, which replaced Activeon as U.S. TV licensee for the brands (owned by Technicolor) in

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Inside Licensing News and Notes, Jan. 9, 2018

Target Posts Same-Store Sales Gain in Holiday Period Target posted a 3.4% gain in same-store sales during the November-December period, outstripping an earlier forecast for a 0-2% increase as it benefited from private label brands and stores filling online orders, the company said. Target carried nearly a dozen private label brands – Cat and Jack, Joy Lab and others –

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Inside Licensing News and Notes, Jan. 8, 2018

Kohl’s and Five Below Post Strong Holiday Sales Kohl’s same-store sales rose 6.9% during November and December, while Five Below posted a 6.7% gain in the same period. As a result, Kohl’s raised its full-year earnings forecast to $4.10-$4.20 from $3.72-$3.92. Kohl’s online sales “accelerated significantly” during the holiday period and store sales were buoyed by “stronger customer traffic,” Kohl’s

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Department Stores Post Holiday Gains, Still Under Pressure

Macy’s is closing 11 stores in Q1 as it moves closer to its goal of shutting 100 locations as part of a 2016 restructuring plan, the company said. Macy’s has shuttered 81 of the 100-store target and the remaining 19 will be closed as leases expire, the company said. The store update came as Macy’s posted a one percent gain

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Inside Licensing News and Notes, Jan. 3, 2018

Bay Tek Games Buys Dimensional Branding Group Arcade game supplier Bay Tek Games purchases agency Dimensional Branding Group (DBG) in forming a new group to handle inbound/outbound licensing, says DBG’s Larry Seidman. DBG will remain in the San Francisco area and continue with its client roster, one of whom, Skee Ball Industries, was purchased by Bay Tek in 2016. At

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Kathy Ireland-Backed Level Brands Posts First Public Financial Results

  Level Brands, a marketing and brand licensing company backed by Kathy Ireland Worldwide (KIWW) that went public in November, narrowed its net loss to $1.3 million in the fiscal year ended Sept. 30 from $3.8 million year earlier. Net sales at the Charlotte, NC-based company, which raised $12 million in an IPO, more than doubled to $4.4 million from

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Southern Telecom Relaunching Packard Bell Brand in North America

Southern Telecom acquired the Packard Bell brand for North America, setting the stage for its broad re-launch there for the first time in 18 years. The company also plans to license it out across a range of categories, including apparel, says Southern Telecom’s Jon Khalev. Southern Telecom bought Packard Bell from JMM Lee Properties, which had acquired it for North

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