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  • Cost Plus narrows loss

    Oakland, Calif. -- Cost Plus reported a narrower loss of $3.4 million for its first quarter, compared with a net loss of $10.3 million for the same period in 2010.

    Revenue increased 6% to $199.7 million, from $188.6 million.
     

  • Hulen Mall launches multi-million-dollar renovation project

    Fort Worth, Texas -- Chicago-based General Growth Properties announced that Hulen Mall, in Fort Worth, Texas, will undergo a major interior facelift and renovation beginning Monday, May 23.  

  • Weitzman brings in investment exec

    Austin, Texas -- The Weitzman Group announced that Bradley Bailey has been named senior VP and director of investment sales for Central Texas and The Valley for The Weitzman Group.

    Bailey will work with Lance Morris, president of The Weitzman Group in Austin, and David Nicolson, president of Weitzman’s San Antonio office. 

    In this new position, Bailey will handle investment sales and marketing for retail and commercial properties. 

  • Subway to open 2,000 North American locations in 2011

    Milford, Conn. -- Subway Restaurants said Friday that more than 2,000 franchisees are actively searching for locations slated for 2011 openings.

    In order to reach its development goals, the chain said that a contingent of Subway representatives will be manning the brand’s booth at the International Council of Shopping Centers’ RECon convention, May 23 to 25, in Las Vegas.

  • Target VP promotes retailer as beauty destination during FIT presentation

    NEW YORK — Each year, the graduating class of the Master of Professional Studies degree program in cosmetics and fragrance marketing and management at FIT researches and forecasts trends or growth concepts within a specific area of the beauty industry, which they then present to an audience of industry executives.

    Target sponsored this year's presentation titled "Beauty For All: Innovations in Mass Retail." On hand to deliver keynote remarks during the event was Will Setliff, VP marketing for Target.

  • Gap Inc. earnings suffer on higher cost of goods

    SAN FRANCISCO — The rising cost of goods and a challenging economic environment took its toll on Gap Inc.'s first-quarter sales and earnings. Gap Inc. reported that net income for the first quarter decreased 23% to $233 million compared with $302 million for the first quarter last year. First quarter diluted earnings per share was 40 cents.  

  • Forest City names new regional president in Texas

    Cleveland, Ohio --Forest City Enterprises, Inc., announced the creation of a new leadership position to support the company’s growing presence in the Texas real estate market.  

    Effective immediately, Brian Ratner has been promoted to president of Forest City Texas and will lead the company’s Texas operations from its regional office in Dallas.    

  • Cushman & Wakefield appoints retail services leader

    New York City -- Cushman & Wakefield announced that Matthew Winn has been appointed senior managing director, U.S. Retail Services Leader. He will be based in Cushman & Wakefield’s Atlanta office.

    Previously, Winn served as managing director for Cushman & Wakefield’s retail consulting group. 

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