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Retail

  • Impact Service Group taps Teresa Pitts as VP national sales

    Ridgefield, Conn. -- Impact Service Group, a national HVAC service management company for retailers and multi-location clients, has hired Teresa Pitts as VP national sales.

    Previously, she managed the southern region for Chain Store Maintenance where she was responsible for cultivating and maintaining national accounts.

  • Kronos report: Retail hiring conditions tighten

    Chelmsford, Mass. -- A report released Thursday by Kronos Inc. showed that hiring conditions among retailers are tightening, suggesting an improvement in the industry.

  • Limited shines in January

    New York City -- The nation’s apparel retailers reported mixed results for January as shoppers remain cautious about spending in the uncertain economy.

    “It was as tough month as retailers battled holiday hangover, lack of incentive to shop and mild winter that killed outerwear clearance," said Ken Perkins, president of RetailMetrics Inc., in a Reuters report.

    As the first month of the year, January accounts for only 20% November-January sales, and 7% of annual sales, according to RetailMetrics.

  • Staples names former Borders CEO as executive VP

    Framingham, Mass. -- Staples announced the appointment of Mike Edwards to executive VP, U.S. retail merchandising. He previously served as president and CEO of Borders Group and had also served as the company’s chief merchant.

  • GGP launches ‘Where Is the Love?’ Valentine’s Day mobile campaign

    For Valentine’s Day, mall owner General Growth Properties has challenged shoppers to power up their mobile devices to “search for the love” at a GGP mall. Effective Feb. 1, customers began entering the Where Is the Love? sweepstakes by finding and scanning love-themed QR codes hidden throughout participating GGP malls.

  • Esprit to shutter all North American stores

    Hong Kong -- Esprit Holdings said Thursday that it will close all 93 of its stores in North America, after abandoning previously announced plans to sell off the business or find a licensed operator to run the stores.

    However, according to an emailed statement by Patrick Lau, head of investor relations and mergers and acquisitions, Esprit plans to find one or more license partners to maintain the brand’s presence in North America.

  • Consumer confidence rises in U.S.

    Washington, D.C. -- The Bloomberg Consumer Comfort Index revealed Thursday that consumer confidence in the U.S. climbed for the second week in a row, suggesting rising optimism about economic issues.

    The Index rose to minus 44.8 in the period to Jan. 29 from minus 46.4 the previous week. A measure of Americans’ view of the state of economy climbed to the highest since June, according to the report.

  • Ann Inc. names new president for Ann Taylor division amid slumping sales

    New York City -- Ann Inc. said that the president of its Ann Taylor brand, Christine Beauchamp, is leaving to pursue other opportunities. She will be replaced by Brian Lynch, who had been president of the Ann Taylor Factory and Loft Outlet divisions and led the website sales for those brands.

    The news came as the chain cut its revenue prediction for the quarter that ended in January to a level below analyst expectations, citing slumping sales at its Ann Taylor stores. 

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