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Apparel

  • Retailers in expansion mode include mix of old and new players

    New York -- Retailers making headlines with store expansion plans include new players as well as global powerhouses. Just in the starting gate is Fresh Thyme Farmers Market, a new specialty grocery format featuring value-priced healthy and organic offerings. The company plans to open over 60 stores throughout the Midwest during the next five years.

  • Express goes big in Times Square

  • KickesUSA to CooperTowne Center in Somerdale, N.J.

    Purchase, N.Y. — KicksUSA, a regional retailer offering athletic footwear and family apparel, has opened a 4,600-sq.-ft. store at CooperTowne Center in Somerdale, N.J., according to National Realty & Development Corp., the owner of the center.

    Wal-Mart Supercenter, Cinemark Theatres and LA Fitness anchor CooperTowne Center.

  • The TJX Companies touts successful fiscal 2014

    The TJX Companies CEO Carol Meyrowitz touted the company’s performance in the fourth quarter and fiscal 2014, calling it a successful year despite a competitive retail environment and generally unfavorable weather in many of its regions during the first and fourth quarters.

  • Abercrombie’s Q4 profit plunges 58% but still tops Street; accelerates buyback

    New Albany, Ohio – Abercrombie & Fitch Co.'s fourth-quarter net income plunged 58%, less than Wall Street expected, amid several one-time charges, including costs tied to the closure of its Gilly Hicks’ stores. The company’s board also approved a $150 million accelerated share repurchase plan, to be executed during the first quarter.

    For the quarter ended Feb 1, Abercrombie’s income fell to $66.1 million from $157.2 in the year-ago period. For the full year, income declined 77% to $54.6 million from $237 million last year.

  • Seven new retailers for Alliance Town Center

    Fort Worth, Texas — Trademark Property Co. has announced multi-year leases for seven new tenants soon to open in Alliance Town Center in North Fort Worth, Texas.

  • J.C. Penney’s Q4 shows signs of progress

    In a sign of some progress in its turnaround efforts, J.C. Penney reported a net profit of $35 million for the fourth quarter ended Feb. 1, compared to a loss of $552 million a year ago. Excluding a tax benefit and other items, Penney had a loss of $206 million for the quarter.

    Looking forward, the company expects same-store sales to increase approximately 3% to 5% for the first quarter and to increase mid-single digits for the full year 2014.

  • Former Macy’s exec joins Kurt Salmon

    Management consulting firm Kurt Salmon has named Tom Cole as a partner in its Retail and Consumer Products Group.

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