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  • No more child's play for American Eagle

    PITTSBURGH — American Eagle Outfitters is getting out of the children's business, announcing Friday that it is exploring a full or partial sale of 77kids, which includes 22 stores and the online business.

    Robert Hanson, CEO of American Eagle Outfitters stated, “Although making this decision is disappointing, it is in the best interest of the company and our shareholders to prioritize and focus our efforts on businesses with the highest return potential. We thank the 77kids team for their hard work, passion and dedication.”

  • American Eagle Outfitters to exit 77kids brand

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  • Combined Properties names development and acquisitions exec

    Washington, D.C. -- Combined Properties said that Randy Kenna has joined the company as senior director of development & acquisitions. 

    He will be leading the acquisition of new value-add/redevelopment retail and mixed-use projects while also redeveloping portions of Combined's portfolio of retail centers in the region.
     

  • Loft sales help lift Ann Inc. profit 5%; 65 stores on tap for fiscal 2012

    New York -- Ann Inc.'s fiscal first-quarter net income increased a better-than-expected 5%, boosted by growing sales at its Loft division. The chain, which also operates Ann Taylor, said Friday that it earned $28.7 million in the three months through April 28, up from $27.3 million a year earlier.

  • JCPenney to roll out several new brands; open 20,000-sq.-ft. in-store home shop

    NEW YORK — JCPenney executives laid out further details of their strategy going forward during the chain’s quarterly conference call with investors. The call followed the release of JCPenney’s first quarter results, when it reported a worse-then-expected loss of $163 million, and a 19% drop in same-store sales.

    JCPenney said it would launch a new private label apparel brand, jcp, for both men and women. The brand is set to debut in August.

  • Boscov’s to open at two GGP malls

    Chicago -- General Growth Properties announced Thursday that Boscov’s department stores will open at White Marsh Mall, in Baltimore, and at Woodbridge Center, in Woodbridge, N.J.

    The 197,000-sq.-ft. Baltimore store is projected to open November 2012, and the 180,000-sq.-ft. Woodbridge Center store is slated to open August 2013

  • Hibbett Sports an attractive Q1, raises outlook

    BIRMINGHAM, Ala. — Hibbett Sports raised its full year guidance after posting hefty sales and earnings growth for its first quarter. Sales for the first quarter ended April 28, increased 14.4% to $232.9 million compared with $203.7 million for the 13-week period ended April 30, 2011. Comparable-store sales increased 11.1%. Net income for the quarter increased 23.5% to $26.4 million compared with $21.3 million for the same period last year. Earnings per diluted share increased 29% to 98 cents compared with 76 cents for the same period last year.

  • Starbucks announces management changes to accelerate growth

    Seattle -- Starbucks Corp. announced a series of management changes that it said it was undertaking to accelerate its innovation and growth. The changes come after Starbucks missed its global sales forecasts in April, mainly due to a downturn in Europe.

    The company named Craig Russell, the senior VP U.S. Store Services, as senior VP of the Global Coffee division.

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