Department Store

Cache Inc., a specialty chain of women’s apparel stores, has announced that Daphne Pappas has joined the company as EVP, chief merchandise officer.

Pappas brings more than 30 years of retail industry experience to Cache. For the past ten years, she served as VP general merchandising manager for Burberry America’s where she led the company’s women’s business. Prior to this, Pappas was the divisional merchandise manager of Juniors Sportswear at Macy’s East, a $150 million business in 82 stores. 

New York -- Cache announced that Daphne Pappas has joined the company as EVP, chief merchandise officer. For the past 10 years, she served as VP general merchandising manager for Burberry America’s where she led the company’s women’s business.

Prior to Burberry, Pappas was the divisional merchandise manager of juniors sportswear at Macy’s East.

New York -- Store development and facilities professionals from some of the nation’s biggest retail and restaurant chains gathered in Dallas, Texas, to attend Chain Store Age’s 49th annual SPECS Conference, March 17-20, at the Hilton Anatole Hotel.   

FOOTHILL RANCH, Calif. — Wet Seal has announced the promotions of the company’s two divisional merchandising managers for its Wet Seal brand. Kim Bajrech has been appointed SVP, general merchandising manager apparel, and Debbie Shinn has been appointed SVP, general merchandising manager accessories and ready-to-wear.

Hoffman Estates, Ill. -- An SEC filing on Thursday revealed that Sears Holdings Corp. former CEO Louis D’Ambrosio, who stepped down in February citing family health issues, saw his total compensation package shrink nearly 90% from the prior year.

According to the proxy statement filed with the Securities and Exchange Commission, Sears said D’Ambrosio's salary rose to $1 million in 2012 from $930,769 in 2011. However, the value of his perks, such as corporate housing and travel, shrank to $278,741 from $852,037 in 2011.
 

CHARLOTTE, N.C. — Belk announced that the company, and its associates, customers and vendors contributed more than $19.3 million to local communities in the fiscal year ending Jan. 31. Of the total amount, Belk corporate dollars funded $6.2 million to more than 250 nonprofit organizations, with a focus on education, breast cancer research and awareness, and community strengthening.

New York -- Saks Fifth Avenue Off 5th will open its doors in Chandler, Ariz., on Thursday, April 4, 2013.

The new 28,000-sq.-ft. store is located in Phoenix Premium Outlets, which is opening to the public that day. The new outlet center, owned and operated by Simon Property Group, is part of Wild Horse Pass, within the Gila River Indian Community, which includes hotels, a spa, casino, golf, an equestrian center, fine dining and more.

Myrtle Beach, S.C. -- Jones Lang LaSalle said Thursday it has closed the sale of Windy Hill Shopping Center and North Village Center on behalf of Equity One.

America’s Realty purchased the two adjacent shopping centers totaling 128,821 sq. ft. and anchored by Roses, Goodwill, Dollar General and Cititrends.