Casual

The menswear market is hot. Men’s apparel sales in the United States rose 2% in 2014 to $61.3 billion, up from $60.8 billion in 2013.

And Men’s Wearhouse — one of North America’s largest menswear specialty retailers with 1,758 stores — has been taking note.

Columbus, Ohio – Express Inc. is naming a new CFO, and not looking far to fill the role.

Perry Pericleous, previously VP, finance, has been promoted to senior VP, CFO and treasurer, reporting to Matthew Moellering, executive VP and COO.  

Pericleous succeeds Paul Dascoli, who has left the company, effective July 7. Pericleous, 42, is a 15-year veteran of Express and most recently served as VP, finance with responsibility for all financial planning and analysis functions.

London - McArthurGlen Group, an owner, developer and manager of European designer outlets, is opening its first North American location on July 9, in Vancouver. McArthurGlen Vancouver Airport is designed in an open-air village style, with a luxury piazza and tree-lined streets.

On opening, the center will offer 240,000-sq.-ft. of retail space with 50 new stores, featuring Armani, Coach, J Crew, Hugo Boss, Ports 1961, Tommy Hilfiger and Polo Ralph Lauren, with more brands to come before the end of 2015.

Fremont, Calif. - The Men's Wearhouse has named Bruce K. Thorn, 48, executive VP and COO. Prior to joining Men's Wearhouse, Thorn served as executive VP, store operations, services and supply chain at PetSmart Inc.

Thorn had been employed by PetSmart since 2007 in various positions, assuming his most recent post in April 2014.  Prior to joining PetSmart, Thorn served in various leadership roles with Gap, Cintas Corp., LESCO, Inc. and the U.S. Army.

The Men's Wearhouse is bringing in a PetSmart executive to serve as chief operating officer.

Men's Wearhouse said that Bruce K. Thorn, 48, has been named executive vice president, chief operating officer, effective immediately.

Irvine, Calif. – Boot Barn Holdings Inc. is looking to expand its ability to serve the needs of omnichannel customers with a new acquisition.

The retailer has completed its previously announced purchase of Sheplers Inc. a western lifestyle company with 25 retail locations across the U.S. and a catalog and e-commerce business.

Seattle – Nordstrom Inc. plans to open Nordstrom Rack at Waikiki Trade Center in Honolulu, Hawaii. The approximately 34,000-sq.-ft., two-level store is scheduled to open in spring 2016.

The property was acquired by Coastwood Capital Group, LLC in late 2013.

Aeropostale is losing a key executive and handing over merchandising responsibilities to the company's CEO. 

Phoenix — Vestar announced the signing of Forever 21’s newest concept store, F21 red, at Tempe Marketplace, in Tempe, Ariz. The 1,000-sq.-ft. store, the first F21 in Arizona, will open this fall.

The F21 red brand will offer a larger merchandise selection and lower prices of the trendy fashion forward styles for young men and women than the typical Forever 21 store.

New York — The formerly high-flying J.Crew Group has come down to earth, a victim of fashion miscues and the new competitive landscape. What’s more, the retailer has $1.5 billion in debt on its books, the New York Times reported. Click here for the story.