CIT: West Coast team featured in Fashion Manuscript.
FSG LAWYERS: Represented Loomworks Apparel (P.J. Salvage) on its acquisiton by Delta Galil.
Details on Industry Insight.
The holiday shopping season turned in a robust performance, according to MasterCard SpendingPulse.
SpendingPulse aggregates payments using MasterCard credit cards and also uses surveys to estimate payments using cash and checks.
Overall holiday sales from Nov. 5 to Dec. 24 rose 5.5% vs. the same period of 2009, excluding auto sales.
The apparel category recorded strong sales, with sales rises 11.2%. Menswear sales rose 10.5% and women’s increased 5.6%.
Ecommerce sales grew 15.4%.
The luxury category continues to improve, with sales rising 6.7%. Jewelry sales rose 8.4%.
One disappointment was the electronics category, were sales rose a modest 1.2%. SpendingPulse theorized falling television prices were to blame.