Casual

Here’s a good idea for retailers looking to bring a sense of newness and a treasure hunt atmosphere to stores. Sign exclusive agreements with known and emerging designers or upscale brands during limited duration merchandising events as a means to achieve differentiation. Sound familiar?

Target pursued this concept more than a decade ago with general merchandise and earlier this year observed the 5th anniversary of the Go International designer program with a collection of products from past designers.

PLANO, Texas  — JCPenney said Tuesday that its veteran marketing chief Mike Boylson has retired from the company. His successor will be selected by newly minted CEO Ron Johnson in what will be the former Apple executive’s first senior-level appointment at JCPenney.

Boylson was with the department store chain for more than three decades, the last eight years as chief marketing officer. He said in June he would retire from the company on July 1, according to a JCPenney spokeswoman.

Plano, Texas -- J.C. Penney Co. said Tuesday that its veteran marketing chief Mike Boylson has retired from the company. His successor will be selected by newly minted CEO Ron Johnson in what will be the former Apple executive’s first senior-level appointment at J.C. Penney.

Boylson was with the department store chain for more than three decades, the last eight years as chief marketing officer. He said in June he would retire from the company on July 1, according to a J.C. Penney spokeswoman.

Long-time sporting goods industry executive Norbert Olberz, 86, who founded Sports Chalet in 1959, died of natural causes last Friday the company announced on Sunday.

Olberz served as CEO of Sports Chalet for 40 years until 1999, and he remained as chairman until 2001. He is survived by his wife of 52 years, Irene, his sister, Elizabeth Lepper, his son, Eric, and by his grandchildren Karl and Markus.

New York — Francesca's Holdings Corp. will price its initial public offering of 10 million shares between $14 and $16 a share, the Houston Business Journal reported. 

The women’s specialty apparel retailer will trade on the Nasdaq Stock Exchange, under the ticker symbol FRAN, the report said.

In March 2011, private equity firm CCMP Capital acquired a controlling interest in Francesca’s, which operates 160 stores. 

New York — Gap Inc. is expanding its Athleta brand. The company will open eight to 10 Athleta stores in 2011, with a total of 50 expected by 2013, according to Women’s Wear Daily. 

As previously reported, Athleta will make its New York City debut this summer, opening two locations in Manhattan.

St. Louis -- An affiliate of Sun Capital Partners and Kellwood announced an agreement to acquire Amsterdam-based fashion brand Scotch & Soda.  The deal is expected to close in August 2011 upon regulatory approval. Terms of the private transaction were not disclosed.

Teen apparel retailer rue21 is celebrating the opening of its 700th store, in New Braunfels, Texas. The chain is on track to open 110 locations this year. Commented president and CEO Bob Fisch: “We remain one of the fastest growing retailers in the nation. I would like to thank our real estate, construction and field teams and recognize their hard work, which allows us to celebrate another significant milestone for rue21."