Apparel

As more retailers work to unify their physical and digital capabilities in a more effective way, BCBGMaxazria Group is expanding its omnichannel strategy.

The retailer says it is expanding its relationship with Demandware to advance its omnichannel commerce strategy.

Barcelona – Spain-based apparel retailer Mango has recruited Toni Ruiz to become its new CFO effective mid-February. Ruiz, 45, will sit on Mango’s board of directors.

Ruiz has spent much of his professional career at Leroy Merlin, part of Groupe Adeo, where he has worked from 1999 until now, occupying various positions, including financial management in Spain and control and planning at international level.

New York -- T2, a specialty tea store in the Shoreditch area of London, and designed by Landini Associates, of Sydney, Australia, was named Store of the Year by the Retail Design Institute, whose annual design competition recognized more than 45 retail design projects in 20-plus retail formats for excellence in design and execution. The winning projects were honored at the Institute's 44th Annual Awards Gala, at the TimesCenter Stage, New York City.

A bigger push to sell its offerings online helped drive record sales in 2014 for Swedish retailer Hennes & Mauritz, as well as prompt expansion plans for the retailer. 

The Stockholm-based retailer said net profit rose 17% to $760 million in 2014, ahead of analysts’ forecasts. Same store sales increased 26% in 2014, the retailer reported.

New York -- BCBGMaxazria Group has expanded its relationship with Demandware to advance its omnichannel commerce strategy. The retailer launched the Demandware Digital Store Solution in nearly 180 BCBGMAXAZRIA U.S. stores in just three months to equip store associates with the solution in time for the holiday shopping season.

New York -- In its ongoing efforts to reduce costs, Sears Holding Corp. is cutting jobs.  

The struggling retailer will cuts 115 jobs, including 100 at its Hoffman Estates, Illinois, headquarters, the Chicago Tribune reported.
 
 

Minneapolis -- Shorenstein Properties LLC and Saks Fifth Avenue Off 5th announced that Saks Fifth Avenue Off 5th has signed a lease for 40,321 sq. ft. in the retail portion of Minneapolis City Center, continuing the fashion retailer’s 25-year presence in downtown Minneapolis. The new store is slated to open April 2016.

“This city has been a strong market for us, and Minneapolis City Center provides us with a vibrant location in which to serve our exceedingly loyal customers,” said Jonathan Greller, president of Outlets, HBC.

ShoeBuy, a global online retailer of shoes and clothing, is expanding into footwear manufacturing.

The company has acquired a minority stake in Boston Boot Company. Now, the complete Boston Boot Company product line will be available at ShoeBuy.com, bringing the brand to millions of shoppers. Financial details of the deal were not disclosed.