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Retail

  • Holt Renfrew launches Canadian discount chain

    Toronto -- Canadian luxury fashion retailer Holt Renfrew & Co. said Monday it will launch a new discount chain called hr2, with a first store in March in Quebec, followed by planned locations across the country by 2015.

    It said the stores will range in size from 25,000 sq. ft. to 35,000 sq. ft., smaller than Holt Renfrew’s nine department stores, and targeting women age 25 and up.

  • DGSE names CEO

    Dallas -- Jewelry wholesaler and retailer DGSE Cos. said Friday it has named James J. Vierling as president, CEO and chairman of the board.

    Vierling, previously president of Southern Bullion Coin & Jewelry which was recently acquired by DGSE, succeeds William Oyster in all three positions.

     

  • Barnes & Noble and Asda team to offer Nook

    London -- Barnes & Noble said Monday that its subsidiary Nook Media will partner with U.K.’s largest supermarket chain Asda to sell the Nook reader in 300 Asda stores across the U.K.

    Barnes & Noble said it plans to expand the expected number of U.K. retail outlets to over 2,500 and include various online retail platforms as well. Terms of its deal with Asda weren’t disclosed.

     

  • Ulta Beauty names DSW CEO to board

    Bolingbrook, Ill. -- Ulta Beauty said Monday that it has named DSW Inc. president and CEO Michael MacDonald to its board of directors, effective Oct. 24.

    Prior to joining DSW in 2009, MacDonald served for three years as chairman and CEO of ShopKo Stores. Prior to that, he spent 16 years with Carson Pirie Scott and with Saks Inc. after it acquired Carson Pirie Scott in 1998.

     

  • Survey: More holiday shoppers looking to increase gift-giving this year

    San Antonio -- Consumers plan to buy more gifts this year, according to a recent survey commissioned by USAA and released Monday. The fourth annual USAA holiday spending survey indicated that consumer sentiment toward holiday budgeting has become more positive in 2012 when compared to 2011 (53% versus 45%).

  • Ikea commits to become energy independent

    New York -- The Ikea Group plans to become energy and resource independent by 2020, according to the chain’s new “People & Planet Positive” sustainability initiative.

  • Family Dollar names store operations exec

    Matthews, N.C. -- Family Dollar Stores said Friday it has named Colin McGinnis as SVP store operations support, store development and procurement. He will report to Barry Sullivan, EVP store operations.

    McGinnis joined Family Dollar in August of 2004 as a regional VP and, in 2006, he was named VP store operations support and process improvement. Most recently, he added additional responsibility for store services, procurement and store development.

     

  • GameStop launches new holiday store concept

    Grapevine, Texas -- GameStop Corp. announced Friday it has unveiled a new store concept called GameStop Kids and will open 80 holiday stores in U.S. malls.

    GameStop Kids stores will feature an assortment of the most popular video games and accessories, toy brands and collectibles, showcased in temporary mall spaces.

    The first GameStop Kids location opened Friday at the Grapevine Mills Mall in Grapevine, Texas, with all other locations opening in the coming days and weeks, according to the company.

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