Apparel

Bethesda, Md. -- Retail real estate alliance X Team International said it has named a new partner, Bethesda, Md.-based Streetsense.

Beyond traditional landlord and tenant representation, Streetsense offers architecture, interior design, branding, marketing and merchandising strategies to entrepreneurs, retailers, developers and public sector entities. 

Hampstead, Md. -- JoS. A. Bank Clothiers reported Wednesday that net income for fiscal year 2010 leaped 21% to a record $85.8 million, compared with $71.2 million in the year-ago period.

Net sales surged 11.4% to a record of $858.1 million in fiscal year 2010, compared with $770.3 million in fiscal year 2009.

Same-store sales increased 7%.
 

HANGZHOU, China -- Gap Inc. is expanding its presence in China. The company announced that it has opened an online Gap store (gap.tmall.com) on Taobao Mall, the business-to-consumer platform within Taobao, China’s largest retail website. Gap's Taobao Mall store will offer a wide selection of stylish products from Gap, GapKids and baby gap, the company reported.

Columbus, Ohio -- Limited Brands said Wednesday it has promoted Denise Landman to CEO of its Victoria’s Secret Pink brand.

Landman, who is a 12-veteran of Limited Brands, most recently served as president of Pink.

The brand, which surpassed $1 billion in sales mark last year, has 22 stores nationwide as well as a presence in most Victoria’s Secret stores and online.

Chevy Chase, Md. -- JBG Rosenfeld Retail said it recently inked a long-term lease on behalf of kitchen and bath tile manufacturer and distributor Porcelanosa for a 12,500-sq.-ft. storefront formerly occupied by Anthropologie.

The building, located at 11500 Rockville Pike, sits next to JBGR’s new North Bethesda Market development.

Porcelanosa currently occupies an 8,000-sq.-ft. showroom in the 700 block of Rockville Pike in the Marlo building. 

COLUMBUS, Ohio -- Retail Ventures reported that income from continuing operations for the quarter ended Jan. 29 was $5.7 million on net sales of $468.5 million, compared with the loss from continuing operations of $5.3 million on net sales of $402.6 million for the same period last year. DSW same-store sales increased 14.9% during the fourth quarter versus an increase of 12.9% last year.

Las Vegas -- Boulder, Colo.-based Wenger took top honors as Store of the Year in the Association for Retail Environments’ (A.R.E.) annual retail design competition. It’s the first U.S. retail outpost for the company, which is best known as the maker of the Swiss Army Knife.

Kohl’s will open its third distribution center devoted to e-commerce by July as it looks to build on the 50% growth rate experienced last year and surpass annual online sales of $1 billion in 2011.