Department Store

Omaha, Neb. - Midwestern department store retailer Gordmans Stores, which recently announced plans to expand its store base nearly 40% over a three-year period, said it will move forward with the Oracle Retail platform as a means to support the aggressive growth initiative.

NEW YORK — Beauty brand Coty has promoted Stephen Mormoris to the position of SVP, global marketing American fragrances, Coty Prestige. Additionally, Johanna Businelli has been promoted to the newly created position of SVP, color cosmetics, Coty Beauty.

Paris - Louis Vuitton said Tuesday it has tapped billionaire heiress Delphine Arnault as the company’s executive VP. As the second in command, the daughter of LVMH CEO Bernard Arnault will oversee all product-related activities of the Louis Vuitton House.

Fremont, Calif. – In another twist to the ongoing Men’s Wearhouse-George Zimmer saga, Reuters reports that Men’s Wearhouse founder and former executive chairman Zimmer is contemplating trying to recapture his position as executive chairman through such means as a buyout attempt with private equity backing or rallying the support of shareholders. Neither Zimmer nor Men’s Wearhouse has officially commented, but Zimmer is reportedly consulting advisers, including his legal counsel, Cooley LLP.

NEW YORK — Saks Fifth Avenue and the Entertainment Industry Foundation have named actress Jennifer Aniston as the EIF ambassador for Saks Fifth Avenue’s 2013 Key to the Cure campaign. 

In the 14 years since the inception of the Saks Fifth Avenue charity shopping weekend, the company, together with its vendors and partners, has raised more than $33 million for cancer research. 

Sak’s and Nordstrom have aggressively expanded their off price formats in recent years and now Neiman Marcus wants a bigger piece of the action.

New York -- Men’s apparel and accessories chain Jos. A. Bank Clothiers has confirmed that it is on the hunt for acquisitions to drive growth. The company has retained Financo LLC to assist it in its search.

“As part of its evaluation of strategic opportunities, the company has been and will continue to selectively seek potential acquisitions that are strategically sound and accretive in the long run,” Jos. A. Bank said in a statement. “No timetable has been set for any acquisition.”

New York -- George Zimmer, the founder of Men's Wearhouse Inc., resigned from the company board of directors on Monday, according to a letter he sent the board, which was obtained by Reuters.
   
Last week, Zimmer was fired as the company's executive chairman. On Monday he submitted a letter resigning from the board. In the letter, Zimmer said it was "clear" he was fired by the board "to avoid addressing my growing concerns with recent board decisions."