Marketing

New Albany, Ohio - Abercrombie & Fitch Co. has initiated a process to refinance $500 million in existing credit facilities to two new facilities worth a total of $750 million. Proceeds are expected to be used to pay off a remaining $131.5 million balance and outstanding borrowings of $60 million related to existing credit facilities, and to pay related fees and expenses associated with the transaction.  

Three women from Gap’s different brands highlight how they got started in retail, stayed engaged with the business and achieved personal growth in the most recent installment of “This Is Retail” from the National Retail Federation.

Click here to hear from Attica Jacques, Andrea Shimer and Kendra Maleiro began their careers began and what they are doing now.
 

Plano, Texas – Mindy Grossman, the chief executive of HSN Inc., reportedly declined an offer to become CEO of J.C. Penney Company in May 2014. According to the Wall Street Journal, Grossman had been in advanced negotiations with Penney to take the reins as CEO but discussions ended for an unspecified reason.

Visa has entered into a partnership with Borderfree, a leading international cross-border e-commerce solutions provider, to offer customers in the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Bahrain and Jordan special promotions from retailers in the United States.

New York -- Barbara Turf, 71,  former CEO of Crate and Barrel, died July 12, at Evanston Hospital, of pancreatic cancer, the Chicago Tribune reported.

Turf was named CEO in 2008, after Crate & Barrel founder and longtime chief executive Gordon Segal retired. She joined Crate and Barrel as a part-time saleswoman in 1967, moving to its corporate headquarters in 1974. Turf retired as CEO in 2012 and joined the company's board of directors, the company said in a statement.

When Regency Centers signed Whole Foods Market to anchor its new retail development — Belmont Chase — in Ashburn, Virginia, the developer further elevated an already exciting project.

With a projected summer 2015 opening, the 80,000-sq.-ft. center will include metro-D.C.’s first Cooper’s Hawk Winery and Restaurant, Cava Mezze Grill, Peet’s Coffee and Tea, and PR Fresh Look Salon, among other soon-to-be-announced restaurants and retailers.

New York -- Smoking Vapor.Phoenix, which manufactures and sells electronic cigarettes, has opened a store in Phoenix, and plans to open four more locations in the coming months, according to a report by Phoenix Business Journal.

The 1,200-sq.-ft. store sells e-cigarettes, e-cigars and related products. Smoking Vapor operates a handful of kiosks in Phoenix-area malls. The kiosks will close as retail locations open.

The e-cigarette industry has grown into a $1.7 billion market, according to Wells Fargo.

Drawbridge, a leading cross-device advertising platform, has added former Apple exec Andy Miller to its board of directors.

Miller is a current adviser and the former president and COO of Leap Motion, as well as a former Partner at Highland Capital. Previously, Miller was VP of mobile advertising at Apple, reporting directly to Steve Jobs. He was co-founder and CEO of Quattro Wireless, which was acquired by Apple in 2009 and would become Apple's mobile advertising platform, iAd.