Department Store

New York -- Importers and manufacturers who sell to America's major retailers continue to be optimistic regarding a strong fourth quarter and holiday shopping season, according to Capital Business Credit, a non-bank lender that services the retail sector.

Sears Holdings is looking to replicate the success it had with digital initiatives in 2011 by turning to the same firm that helped it deliver results.

For the second year in a row, Billups Design was selected to lead digital creative for Sears and Kmart Black Friday and holiday ecommerce dynamic ad campaigns. The project includes Sears and Kmart brand awareness ads, local ad business groups, and site retargeting ads with dynamic product feeds designed to increase ecommerce sales, according to Billups.

New York -- Private equity firm Apax Partners said Friday that it will acquire Cole Haan from Nike for $570 million in cash.  

Cole Haan sells through 108 domestic stores, 68 international stores, online and through department stores. It has been a part of Nike since 1988.

To effect the acquisition, Apax is partnering with Jack Boys, who led the revitalization of Converse.

The transaction is expected to close in early 2013.

Canton, Mass. -- Casual Male Retail Group reported Friday a loss of $1.6 million in the third quarter, flat with the prior year’s third quarter.

Sales dipped slightly to $88.7 million from $89 million, and same-store sales inched up 1.5%. However, same-store sales for Destination XL rose 13.8% in the quarter.
    

Toronto -- Sears Canada Inc. announced Friday that Douglas C. Campbell has been promoted to executive VP and COO, effective immediately.

Campbell will oversee retail operations, logistics, replenishment, information technology and international sourcing, and lead the company's undertaking to improve efficiency across the enterprise.

Campbell was most recently executive VP, home and hardlines, for the chain.

New York -- Papyrus opened its 18th store in New York City, in the Time Warner center.

The 1,500-sq.-ft.-shop features the retailer’s “Hummingbird” design that is featured in 183 stores in the United States.

Some of the biggest names in the retail and consumer packaged goods industry were recognized by the American Cancer Society with 2012 Excellence in Philanthropy Awards.

Kearney, Neb. -- The Buckle reported Thursday that net income for the quarter ended Oct. 27 rose 9% to $41.9 million, boosted by online strength and higher same-store sales.

Overall revenue rose 4% to $284.1 million, beating Wall Street’s predicted $282.8 million. Same-store sales climbed 2.4%.