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Apparel

  • Lululemon adds former Kmart exec to leadership team

    Lululemon has appointed Tara Poseley as the company’s chief product officer. In this role, Poseley will oversee the company’s global merchandising and design strategy, working hand in hand with its design team including Deanne Schweitzer, SVP and head of women’s design, and Felix Del Toro, SVP and head of men’s design.

    Poseley, who will be reporting to CEO Christine Day, will be responsible for merchandising, inventory, allocation and strategic planning.

  • PBTeen enters Long Island, N.Y.

    PBTeen is heading to Long Island, N.Y., for the first time. The PBteen store will join sister brands Pottery Barn and Pottery Barn Kids in the first-ever combined location at Walt Whitman Shops, with pass-through access to all three stores. The new store will feature the retailer's new holiday gift assortment.

  • Jones Group sees net income soar in third quarter

    The Jones Group had better-than-expected third-quarter results for fiscal 2013, as net income soared 67% to $28.3 million from $17.8 million. However, revenues in the quarter ended Oct. 5 fell about 1%, to $1.02 billion from $1.03 billion.

  • NRF: Despite drop in auto, September sales up in most retail sectors

    Retail sales fell in September for the first time in six months, but the decline was credited to a drop-off in auto purchases. Most U.S. retail sectors actually experienced broad sales gains during the month, according to the National Retail Federation, which reported that, excluding automobiles, gas stations and restaurants, retail sales grew a seasonally 0.6% compared to the previous month and 3.8% unadjusted compared to the prior year.

    Results of specific sectors include:

  • Report: New York investigating Macy’s, Barneys over racial profiling claims

    New York -- The attorney general of the state of New York is investigating Macy's and Barneys following complaints from black customers that they were stopped by police after making expensive luxury purchases, according to the New York Daily News. The local New York media has dubbed the practice “shop-and-frisk.”

  • American Girl to expand to Canada via in-store boutiques

    Middletown, Wis. -- American Girl, a division of Mattel, announced its first expansion outside the United States, with plans to open two experiential in-store boutiques in partnership with Indigo Books & Music Inc., Canada’s largest book, gift, and specialty retailer.

    Opening in spring 2014, the new American Girl retail stores will be located in Indigo’s Yorkdale Shopping Centre, Toronto, and Robson Street, Vancouver.

  • Sears may spin off Lands’ End and Auto Center; sells five Canada stores

    Hoffman Estates, Ill. – As part of a wide-ranging strategic review of its business, Sears Holdings Corp. is considering spinning off its Lands’ End and Sears Auto Center brands. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.

  • Divaris leases nearly 7,000 sq. ft. to Goodwill

    Washington, D.C. — Divaris Real Estate has announced that Goodwill has signed a 6,954-sq. ft. lease at Divaris-leased Maddex Square Shopping Center in Shepherdstown, W. Va.

    Divaris
    represented the landlord in the lease negotiations. Food Lion and McDonalds anchor Maddex Square.

     

  • Nursery Acres acquires Cabela’s in Grand Junction, Colo.

    Denver — Transwestern’s Denver office has announced that it brokered the acquisition by Nursery Acres L.P. of a 75,330-sq.-ft. Cabela’s retail store in Grand Junction, Colo. Built in 1983, the store sits on a 6.76-acre lot at Mesa Mall.

    Transwestern represented the buyer, Nursery Acres, which purchased the building to complete a 1031 exchange. The company plans to keep the property long-term. Faris Lee represented the seller, Macerich Mesa Mall Holdings LLC.

     

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