Apparel

Plano, Texas -- J.C. Penney Company has named Ed Record as CFO, effective March 24. He will also serve as executive VP. Record, 45, comes to Penney from regional department store chain Stage Stores, where he most recently served as COO and, before that, as CFO.

Record will succeed Ken Hannah, who was hired in May 2012 under former CEO Ron Johnson.

Bealls has enlisted JustEnough Software Corporation, a leading provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide, to improve customer service.

Bealls will be leveraging the new technology to streamline its inventory and be able to turnaround stock quickly to meet its customers’ needs.

Tejon Ranch, Calif. — Pottery Barn plans to open a new outlet store at The Outlets at Tejon. At 12,397-sq. ft., it will be the retailer’s ninth outlet store in the U.S. and its only current outlet store in California.

Currently under construction and slated to open in August 2014, The Outlets at Tejon is located on Interstate 5 between Los Angeles and Bakersfield, Calif.

Irvine, Calif. – Beall’s has selected replenishment and profiling solutions from JustEnough Software Corporation, a provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide.

Beall’s utilizes existing legacy systems, so delivering strong, focused product presentations and excellent in-stocks required a high inventory investment and was very time consuming.

Delia’s is still in the early stages of its turnaround efforts, but losses in the fourth quarter prompted the multichannel retailer that caters to teenage girls to offer preliminary results.

The company said that headwinds which continue to pressure the retail industry hampered its progress in the quarter.

White Plains, N.Y. — Overall online shopping rose 8% during the week before Valentine's Day compared to the same period in 2013. Growth was particularly strong in the categories of gifts (up 20%), apparel (up 17%) and health and beauty (up 15%), and department stores (34%) compared to the previous year.

Jos. A. Bank is in the process of acquiring Everest Topco, a portfolio company of Golden Gate and parent company of the Eddie Bauer brand.

The purchase price for Eddie Bauer consists of a combination of $564 million in cash and approximately 4.7 million new shares of common stock of Jos. A. Bank, issued to Everest Topco at $56 per share, a premium to the pre-announcement share price.

Hampstead, Md. — Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million. The deal is the latest chapter in Jos A. Bank’s ongoing takeover battle with Men’s Wearhouse. Last fall, Jos. B. Bank tried and failed to buy rival Men’s Wearhouse for $2.3 billion. Men’s Wearhouse then began pursuing Jos. A. Bank.