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  • Restoration Hardware co-CEO resigning to head up Lucky Brand

    New York -- Restoration Hardware Holdings said that co-CEO Carlos Alberini is resigning, effective January 31, to become the chairman and chief executive of Lucky Brand Jeans. The move comes just days after Fifth & Pacific Cos. entered into an agreement to sell Lucky Brand to private equity firm Leonard Green & Partners.

  • Campbell’s new marketing strategy

    The Campbell Soup Company has appointed Yin Woon Rani to the newly created role of VP of integrated marketing, effective Jan. 2, 2014. She will be based at Campbell’s world headquarters in Camden, N.J.

    Rani will be responsible for establishing the strategic direction for Campbell’s advertising, media, global design and digital marketing and social media, and for ensuring alignment with Campbell’s business strategies.

  • Penney to focus on profitable brands

    J.C. Penny will eliminate the jcp menswear brand and reduce the assortments in its Joe Fresh, Michael Graves and Martha Stewart lines, Reuters reported.

    All four brands were introduced by former CEO Ron Johnson. Penney plans to use the resulting space to emphasize its exclusive private-label brands.

    Starting in January, Penney will shrink its Joe Fresh in-store shops and reduce the assortment, the report said, moving the shops away from the front entry to give a more prominent spot to the chain’s own a.n.a and jcp women's wear collections.

  • Restoration Hardware net income up 400%

    Corte Madera, Calif. – Restoration Hardware grew its net income an impressive 389% to $13 million from $2.7 million in the same period a year earlier. Net revenues for the third quarter of fiscal 2013 increased 39% to $395.8 million from $284.2 million, while same-store sales increased 29%.

    Gary Friedman, chairman and co-CEO of Restoration Hardware, credited net revenue growth and advertising savings as factors driving the company’s net income increase. The strong quarterly financial performance exceeded Wall Street expectations.

  • Publix Miami Division VP to retire

    Lakeland, Fla. -- Publix Super Markets said Miami Division VP, Bill Fauerbach, would retire at the end of March.

    “Bill helped grow our culture and build a solid foundation on which the Miami Division will continue to grow. We thank him for his many contributions, and he will be missed by us all,” stated Ed Crenshaw, Publix’ CEO.

    Fauerbach will be succeeded by Kevin Murphy effective April 1. Murphy has been a regional director in the Atlanta Division since January 2009.

     

  • Giant-Carlisle expands partnership with Peapod

    Giant Food Stores is expanding its partnership with sister company Peapod again, this time with the launch of a new pickup spot at a store in a town near Philadelphia.

    Giant-Carlisle and online grocery service Peapod, both banners of Ahold USA, announced the launch of the pickup service in Huntingdon Valley, Pa. The store is the 10th Giant location in Pennsylvania to include a Peapod pickup spot.

  • To match or not to match

    Walmart’s ad match policy states that if its customers find an item at another store at a lower price, it will honor the lower price. In fact, the retailer is currently touting its Christmas ad match policy, which covers electronics, toys and grocery produce.

  • ICSC 2013 New York conference attendance spikes

    New York — Nearly 7,600 attendees packed into the International Council of Shopping Centers New York National Conference and Deal Making, a 9.6% spike over last year and the largest year-on-year increase since 2009.

    “The New York Conference acts as a strong bellwether for industry growth in the year to come,” said Michael P. Kercheval, president and CEO of ICSC. “When the conference sees an increase in attendance, the industry grows the following year; if attendance contracts, so too does the industry.”

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