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  • Guess names president of North America

    Los Angeles -- Guess announced Monday that it has appointed Nancy Shachtman as its president of North America, reporting to Paul Marciano, CEO and vice chairman.

    Shactman was previously president of Guess Inc. Wholesale. In her new position, she will oversee the North American retail operations for Guess and Guess by Marciano, as well as Guess Wholesale, including Mexico.

  • Privalia acquires German online retailer Dress for Less

    London -- Online sales club Privalia Venta Directa, S.L. said Monday it will acquire Dress for Less, a German online fashion retailer, from Palamon Capital Partners, a pan-European private equity firm.
     
    The acquisition will be funded through a combination of $123 million of new equity provided by equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners.
     
    Dress for Less founders Mirco Schultis and Holger Hengstler will become significant shareholders in Privalia.

  • Retail Hit List for Manhattan: 12 New Stars

    It’s hard to keep up with Manhattan’s fast-changing retail scene. But no one does it better than Faith Hope Consolo, chairman, retail leasing and sales division, Prudential Douglas Elliman Real Estate. Here are new and upcoming stores that Consolo, often referred to as the “Queen of Retail,” expects to be “fashionably” fabulous this year (with all comments by the Queen of Retail herself):

  • Just zip it, Levis appoints ex Nike exec to run marketing

    Rebecca Van Dyck was named global chief marketing officer of the Levi’s brand where she will be responsible for the development and implementation of fully integrated marketing strategies across all of the Levi's brand's product categories and consumer communication channels. Dyck joins the company from Apple Inc. where she led the worldwide marketing and communications strategies for some of the world's most well-known and admired product launches, including introducing the iPhone, iPad and iPod + iTunes.

  • Genesco Q4 net income up 19%

    Nashville, Tenn. -- Genesco said Friday that its net income rose 19%, boosted by acquisitions and higher revenue from its stores.

    Net income rose 19% to $30.9 million, from $25.9 million in the prior-year period. Revenue rose 17% to $560.5 million, from $479 million. Analysts expected revenue of $539.8 million.

    Same-store sales were up 9%.

    For the full year, net income rose 85% to $53.2 million. Revenue rose 14% to $1.79 billion, from $1.57 billion.

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