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Cotton prices are at their highest in the 140 years the commodity has traded on an exchange, as heavy Chinese buying and poor harvests are expected to keep global supplies tight.
The ICE December cotton contract hit $1.1980 a pound minutes after trading opened, eclipsing the previous record high set in 1995 by more than 2 cents. Get the full story »
Gap's old and new logos.
The Gap is reverting to its classic logo after a new logo it debuted on its Web site ignited a customer backlash. The apparel maker, famous for its chinos and jeans, said late Monday that it would no longer be using the new logo and was going back to its original. Get the full story »
Children’s clothing retailer Gymboree Corp. is being purchased by affiliates of asset management firm Bain Capital for $1.8 billion.
Gymboree said Monday that the deal is for $65.40 per share, a 24 percent premium to Gymboree’s Friday closing stock price of $52.95. The retailer, based in San Francisco, currently has about 27.3 million shares outstanding. Get the full story »
Topshop, the hipster clothing chain, is coming to the Mag Mile.The British retailer plans to open a store on North Michigan Avenue next spring, marking its second outpost in the U.S., according to a Monday report in Women’s Wear Daily. Get the full story »
Anthropologie is opening a store at 111 E. Chicago Ave., the former site of the American Girl store just west of Michigan Avenue. Get the full story »
One of 19 styles of children's jewelry recalled. (CPSC)
Tween Brands Inc., owned by Dress Barn Inc., recalled some Chinese-made children’s metal jewelry on Tuesday, due to high levels of cadmium in them.
The U.S. Consumer Product Safety Commission said the company decided to pull out about 137,000 metal necklaces, bracelets and earrings priced between $7 and $16 and sold at Justice, Limited Too and an online store.
Cadmium is toxic if ingested by children.
From the Daily Herald | The parent of Hart Schaffner & Marx is “fully committed” to operating the company’s 123-year-old Des Plaines suit factory and does not plan to outsource production to India, HMX LLC CEO Doug Williams said.
