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Apparel

  • Ex-Home Depot exec named head merchant at Sobey's

    Sobeys Inc. has named a former Home Depot executive as the Canadian retailer's chief merchandising officer.   Lyne Castonguay will oversee all aspects of Sobeys go-to-market strategy, with responsibility for category management, marketing, data insights, research, procurement, private label and merchandising as well as the company's digital strategy.  

  • Stiles completes Coral Ridge Center in Fort Lauderdale

    The Enclave Shops at Coral Ridge outside of Fort Lauderdale is complete and its Fresh Market anchor has opened its doors. Its developer, Stiles, partnered with local businessman Phil Smith to build the surrounding residential community, The Enclave at Coral Ridge Country Club.   The Fresh Market has been a draw to other prospective retail tenants at the 27,300-sq.-ft. center, according to Stiles VP of realty Mike Carpenter.    

  • Another department store retailer is getting a new CEO

    It’s the end of an era for Belk Inc.   The retailer announced that Tim Belk will retire as CEO of the company in July 2016. Lisa Harper, CEO of Hot Topic, will succeed Belk as CEO, effective July 5.     The news comes less than a year after Belk, which operates 293 stores in 16 Southern states, was acquired in a $3 billion deal by Sycamore Partners. The private equity firm also owns Hot Topic.        

  • Nordstrom to integrate Trunk Club ops, cut jobs

    Nordstrom Inc. plans to more closely align operations of its omnichannel Trunk Club business with the rest of the enterprise.   The luxury retailer plans to close the dedicated Trunk Club fulfillment center located on Goose Island in Chicago. With the closure, Trunk Club will integrate its operations into the Nordstrom network of fulfillment and distribution centers located across the U.S. The Goose Island facility will transition to its close by August 2017.  

  • Report: TJX Cos. among U.S. retailers to be impacted the most by Brexit vote

    The recent vote by the United Kingdom to leave the European Union will have the biggest retail impact on companies that have high U.K. exposure, including U.S. off-price giant TJX Cos., MarketWatch reported.    Swedish fast-fashion giant H&M is also among the retailers to be most impacted. The United Kingdom is the company’s third largest market, behind Germany and the United States. 

  • ‘One-for-one’ brand to open at nation’s largest mall

    Toms Shoes is expanding its fledgling store portfolio, and will open a location at Mall of America, Bloomington, Minnesota, in time for holiday shoppers.   Founded in 2006, Toms matches every shoe purchase with a donation to a child in need, and gives glasses, medical treatment and/or sight-saving surgery with each purchase of eyewear.  

  • Barnes & Noble Education loss grows in Q4; plans new stores

    Restructuring costs helped increase fourth quarter net loss at Barnes & Noble Education Inc. to $2.8 million from $300,000 in the fourth quarter of fiscal 2015.   Not all the fourth quarter fiscal news was negative, however. Total sales rose 8% to $294.8 million from $274 million, aided by a 4.5% increase in same-store sales.  

  • Suitsupply and Kendra Scott to bow on San Jose’s Santana Row

    Eight new tenants have opened their doors at Silicon Valley’s Santana Row, a 1.7 million sq.-ft. multi-use property that includes a hotel and office and residential space.    Suitsupply, a European import, assumes the highest profile of the newcomers with a 4,425 sq.-ft. space. Jewelry retailer Kendra Scott and body and hair care specialist Aesop will inhabit spaces of just over 1,000 sq. ft.  
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