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Claire's Q4 comps up 3.2%
Chicago -- Teen retailer Claire's Stores provided some hope that discretionary spending is improving by reporting net sales of $421.9 million for the fiscal 2010 fourth quarter, an increase of $11.2 million, or 2.7% compared with the fiscal 2009 fourth quarter. Consolidated same-store sales increased 3.2% in the fiscal 2010 fourth quarter consisting of a 4.7% increase in North America and a 0.6% increase in Europe.
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Forest City promotes Bishop to COO, Commercial Group
Cleveland -- Forest City Enterprises said Wednesday it has promoted Duane F. Bishop Jr., to the position of executive VP and COO of the company’s Commercial Group.
Bishop was previously executive VP – Asset Management.
Forest City’s Commercial Group, the largest of three major strategic business units, includes the company’s retail, office and hotel properties.