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White House Black Market (WHBM)

  • Regency Centers purchases Preston Oaks

    Dallas -- Regency Centers Corp. has closed on an off-market acquisition of Preston Oaks, a 103,503-sq.-ft. infill neighborhood center anchored by H-E-B Central Market. National retailers include Gap, Pier 1 Imports and White House Black Market.

    Located in the Preston Hollow neighborhood of Dallas, Preston Oaks serves a market of 109,000 within a three-mile radius. Average household income is $144,000. The market’s population swells to 118,000 during the day.

  • Chico’s disappoints as Q1 profit slips 4.7%

    Fort Myers, Fla. – Chico's reported a lower-than-expected profit of $51.1 million for the first quarter, excluding non-recurring acquisition and integration costs related to its Boston Proper acquisition, versus a profit of $54 million in year-ago period.

    Sales rose 3% to $670.7 million, up 3% from $650.8 million last year. Chico’s, which operates its namesake stores, as well as the Soma Intimates and White House | Black Market chains, attributed much of this boost to the opening of 114 net new stores in the past year.

  • Mother Nature flattens Chico FAS Q1 same store sales

    FORT MYERS, Fla. — Chico FAS's comparable sales for the first quarter ended May 4 were flat compared to a nearly 10% increase in last year's first quarter, thanks to an unusually cool spring and the cycling of strong comparable sales last year.

  • Walmart taps former Bush counselor as EVP, corporate affairs

    BENTONVILLE, Ark. — Walmart has appointed Dan Bartlett, former senior counselor to George W. Bush, as its EVP of corporate affairs. Bartlett was most recently president and CEO of the U.S. arm of Hill+Knowlton Strategies, a global business advisory firm serving corporations, nonprofits and associations in 52 countries.

  • Soma Intimates, Londons to open at Spotsylvania Towne Centre

    Fredericksburg, Va. -- Two new merchants will soon be joining the retail lineup at Spotsylvania Towne Centre in Fredericksburg, Va., according to Cafaro Co., based in Youngstown, Ohio.

    Soma Intimates and Londons will open this summer in the outdoor shopping district of the complex, The Village at Towne Centre. Londons will open first, occupying just about 2,000 sq. ft. next to Firebirds Wood Fired Grill. By late August, Soma will open its 2,500-sq.-ft. store next to White House | Black Market.

  • Return on Experience

    Invest in the right experience for a shopping center's customers, and you will earn a return on experience. That is the business model driving Fort Worth, Texas-based Trademark Property Co., which celebrates its 20th anniversary this year.

    "Do customers love being at the center? Do they come back and drive sales? That is return on experience," said Terry Montesi, Trademark chairman, CEO and founder. Experience is indispensable today when most goods and services are available online, often at a lower price.

  • Main Street Fairness Act

    By Garrick Brown, research director, Terranomics

  • Senate confirms Wal-Mart’s Burwell as White House budget director

    Washington, D.C. -- The U.S. Senate on Wednesday voted 96-0 to confirm former Wal-Mart Foundation president Sylvia Mathews Burwell as White House budget director.

    Burwell, the first fully confirmed budget director since January 2012, when Jack Lew, now Treasury Secretary, left the position to become Obama's chief of staff, received a vote of confidence from her former employer.

  • Former Walmart exec confirmed Obama’s budget chief

    The Senate has voted unanimously to confirm former Walmart Foundation President Sylvia Mathews Burwell as White House budget director, according to a Reuters report.

    The report went on to state that the 96-0 vote marks the first time the White House has had a fully confirmed budget director since January 2012, when Jack Lew, now Treasury Secretary, left the position to become Obama's chief of staff.

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