Mall retailers speed up apparel production, Ross opens 28 stores and more in today's wrap-up

HHGregg
Hhgregg has filed for reorganization under Chapter 11.

Mall retailers speed up apparel production

Speed became a top priority in the fourth quarter for retailers such as Gap, L Brands and American Eagle Outfitters as more and more mall-centered brands look to compete with the fast-fashion trends. Even Kohl's recently announced that its proprietary brands will operate on a three-month production cycle from concept to sales floor. That's half the typical six months' time. Especially in the departments of women apparel and juniors, retailers are feeling the push from consumer behavior to speed up production cycles to keep up with brands like Zara. (Glossy)

Ross opens 28 new stores

Ross Stores opened 23 Ross Dress for Less and five Dd's Discounts stores across 15 states in February and March. The openings are part of the company's plan to add 70 Ross and 20 Dd's Discounts locations in 2017. Ultimately, the discounter hopes to reach 2,000 Ross locations and 500 Dd's Discounts locations across the country. (PR Newswire)

Wayfair introduces 3D modeling library

Wayfair announced the availability of its 3D model library with partner SketchUp software. In the initial test, Wayfair is releasing 1,000 models to SketchUp 3D's Warehouse, delivering a broad selection to designers so they can accurately visualize the furniture and decor products specified in their designs. The new offering underpins the company's ongoing innovation in photographic rendering as well as augmented and virtual reality. (Business Wire)

Hhgregg files for Chapter 11 reorganization

Hhgregg has filed for reorganization under Chapter 11 to help restructure its balance sheet and better position itself for the future. The petitions were filed in the U.S. Bankruptcy Court for the Southern District of Indiana and the goals are to bring the company back to profitability and reaffirm its commitment to its associates, vendors and consumers. (Business Wire)

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