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Strategy

  • American Eagle launches global agency review

    Pittsburgh -- American Eagle Outfitters said Friday that it has begun a search for a marketing communications agency partner or partners.

    The scope of services, according to the retailer, will include traditional and digital media strategy, planning and execution, as well as collaboration in creative development for its American Eagle Outfitters, Aerie and 77kids brands in North America and internationally.

    “Hiring an agency is a natural evolution in the growth of the AEO family of brands,” said Michael Leedy, CMO.

  • Target discloses first Canada store locations

    MINNEAPOLIS — Target has disclosed the location of its first 24 stores in Canada. As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc., and plans to open 125 to 135 stores in Canada, the majority of which will open in 2013.

    Target plans to open stores in the following locations in March/early April 2013:

    • London Westmount, Westmount Shopping Centre

    • Kawartha Lakes, Lindsay Square Mall

  • CEO of Claire’s Stores steps down

    Chicago -- Claire’s Stores announced that Eugene S. Kahn has resigned. Kahn has served in the position since the company went private in 2007 in a $3.1 billion takeover by private-equity firm Apollo Management LP.

    While the board will conduct a search for internal and external candidates, Claire's Stores President James G. Conroy and Jay Friedman, president of Claire's North American Division, will immediately form an interim office of the CEO.

  • Another new compliance challenge emerges in California

    Want to see what increased government regulation and its impact on business looks like? For a review of a new supply chain law in place in California and the reporting requirement it will impose on retailers, click here

     

  • Forest City Ratner names retail group exec

    New York City -- Forest City Ratner Cos. announced that Kathryn Welch has been named retail group senior VP.

    With 26 years of collective experience working with both New York City-based FCRC and its Cleveland-based corporate parent Forest City Enterprises, Welch now will assume oversight of all of FCRC’s retail projects. This includes retail properties under development as well as the company’s entire retail operating portfolio in the New York Metropolitan area.

  • Fresh Market names COO

    Greensboro, N.C. -- The Fresh Market said Thursday it has promoted Sean Crane to executive VP and COO, reporting directly to Craig Carlock, president and CEO.

    Crane was previously senior VP store operations. In his new role, he will lead store operations, merchandising and marketing functions.
     

  • New alpha dog emerges at PetSmart

    PHOENIX — PetSmart CEO Robert Moran has taken on the additional role of chairman of the board, the company announced Friday. Moran has been the company's president and CEO since 2009, and served as president and COO from 2001 to 2009. Phil Francis, previously executive chairman, will remain a member of the board.

  • Family Dollar Q1 profit up 8%, revenue misses Street

    Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that its first quarter profit rose 8% to $80.4 million, compared with $74.3 million in the year-ago period.

    Sales for the period ended Nov. 26, 2011, rose to $2.15 billion from $2 billion in the year-ago period, missing Wall Street’s expected $2.17 billion in revenue. Same-store sales rose 4.1%.

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