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  • The Children's Place adds Amex exec to board

    The Children's Place has added Susan Sobbott to its board of directors as a Class II director to serve for a three-year term.

  • Minimum wage bill filed in Mass.

    Boston — A joint committee of the Massachusetts state House of Representatives and Senate has filed a bill to gradually raise the state’s minimum wage from its current hourly rate of $8 to $11. The increase would occur in stages until reaching $11 in 2017.

  • Taxes, expenses push up Toys ‘R’ Us Q1 loss, but sales improve

    Wayne, N.J. — Toys “R” Us reported a net loss of $196 million in the first quarter of fiscal 2014, up from a $111 million net loss in the year-ago period, amid a decrease in income tax benefit and  rise in expenses that included investments in e-commerce and U.S. store maintenance. But the struggling retailer saw its sales improve.

  • Vera Bradley taps new marketing chief

    Vera Bradley has named Angel Ilagan as EVP, chief marketing officer, effective July 21.

    Since 2010, Ilagan has served as marketing chief and VP of marketing in the Americas for Pandora Jewelry, where he oversees consumer advertising, promotions, marketing research, public relations, co-op advertising, Web management, customer relationship management (CRM) and social media management. His additional global responsibilities at Pandora include branding, strategic marketing and e-commerce content.

  • bebe CEO resigns, effective immediately

    Brisbane, California — bebe stores CEO Steve Birkhold has left the company, effectively immediately, and an interim chief has been named to lead while a search for a permanent replacement is underway, said bebe stores on Thursday.

    Following the sudden departure of Birkhold, the board appointed Jim Wiggett, currently CEO of Jackson Hole Group, as bebe’s interim CEO.

  • Pret A Manger leases 600 Lexington Avenue shop

    New York City — Restaurant chain Pret A Manger has leased a 2,577-sq.-ft. shop at 600 Lexington Avenue, a boutique 36-story office tower on East 52nd Street. The new location will bring the chains Manhattan locations to a total of 39.

    RKF (www.rkf.com) represented Pret A Manger and the landlord, SL Green Realty Corp. in the transaction. Over the last two years, RKF has arranged a dozen new leases for the chain.

     

  • Former Google exec jumps to Bigcommerce

    Bigcommerce, a commerce platform for growing and emerging brands, has named Tim Schulz as SVP of product management.

  • Lands’ End profit surges in 1Q

    Dodgeville, Wisconsin — Lands' End reported that profit for the first quarter surged 68% to $10.9 million, from $6.5 million in the year-ago period, as shoppers have responded to improved merchandise assortments and targeted promotions.

    The company, which was recently spun off by Sears, also reported a revenue rise of 4% to $330.5 million. Same-store sales climbed 3.4%.
     

     

     

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