Corporate Governance

Hampstead, Md. -- Jos. A. Bank Clothiers said that it will consider increasing its $2.3 billion buyout offer for Men's Wearhouse. The retailer also said that it would drop its proposal in two week if Men's Wearhouse did not enter into discussions.

 In a letter sent to Men's Wearhouse CEO Douglas Ewert, Jos. A. Bank chairman Robert Wildrick said that if the talks are not held by that date it will pull its offer so that it can consider other strategic options that it has been investigating.

Specialty retailer J.Jill is preparing to roll out a redesigned store concept in four markets across the United States.

"The new approach to store design is based on our understanding of what is important to our customers. We want to delight her with our beautiful, versatile collections and inspire her confidence with our guiding service," said CEO and president Paula Bennett. "The new stores offer her a very warm welcome."

New York -- Century 21 Department Store has joined forces with retail concierge service Hobson to offer same-day delivery to hotels and homes in Manhattan from the retailer’s downtown flagship location.

Revlon has appointed former Colomer Group executive Lorenzo Delpani as the company’s president and CEO.

Delpani replaces David Kennedy, who served briefly as Revlon’s interim CEO since the recent departure of CEO Alan Ennis, who left the company to “pursue other interests.” Kennedy will continue to serve as Revlon’s vice chairman.

Redwood Shores, Calif. – Toms — the company that gives a pair of its shoes or provides eye care to a person in need for every corresponding purchase — has deployed the Oracle Commerce platform to support its rapid business growth and international expansion.

Century 21 has enlisted retail concierge service Hobson to offer same-day delivery to hotels and homes in Manhattan from their downtown flagship location.

For “a small fee,” customers will be able to drop off their purchases at the Century 21 Hobson booth on the ground floor of the newly renovated store for guaranteed same-day delivery.

Chicago — Hand & Stone Massage and Facial Spa has leased 3,200 sq. ft. at Heritage Plaza in Carol Stream, Ill. This is the fourth Hand & Stone location in the Chicagoland area as the company continues to expand in the region.

Heritage Plaza is a 128,871-sq.-ft. shopping center anchored by Jewel Osco. CBRE www.cbre.com represented the management company, Inland American Retail Management LLC. Baum Realty Group represented Hand & Stone.

Fort Worth, Texas -- Tandy Leather Factory announced plans to open a store in Atlanta, in November. It’s the second Tandy store in the Atlanta area, and the company’s 79th overall.  

The new store is located in the Westfork Business Center and will open on Nov. 18.