Department Store

NEW YORK -- Iconix Brand Group has unveiled its spring 2011 multi-media advertising and marketing campaign featuring actress Vanessa Hudgens for its junior brand, Candie's.  Candie's is sold exclusively at Kohl's Department Stores nationwide and Kohls.com.  

New Canaan, Conn. -- The retail industry will grow by 5.1% in 2011, the strongest growth in four years, according to Customer Growth Partners’ 2011 Forecast and Outlook. The New Canaan, Conn.-based consulting and research firm projects that the industry will create over half a million new jobs in 2010, the most of any employment sector, and that retail sales will reach a record level of almost $2.9 trillion.

Pearl River, N.J. -- Katz & Associates, the exclusive broker for Eastern Mountain Sports, announced that the retailer has executed a lease for a 3,000-sq.-ft. flagship on the Upper West Side of Manhattan.

The two-level store, EMS’ second to date in Manhattan, will be located on the southeast corner of Broadway and West 76th Street. It is scheduled to open this fall.

Waltham, Mass. -- The Bon-Ton Stores has selected dynaTrace’s application performance management system to optimize the performance, scalability and stability of its recently implemented IBM e-commerce platform. The deployment comes at a time when the retailer’s online business is growing dramatically.

Indianapolis  -- Simon Property Group will assume leasing, management, and marketing duties at The Shops at Montebello, in Rosemead, Calif., effective Feb. 1.

"We are pleased to take on the property management functions of this high-quality asset at the request of the institutional owner," said Rick Sokolov, Simon's president and COO.

YORK, Pa. -- The Bon-Ton Stores announced its board of directors unanimously approved an amendment to Bud Bergren’s employment agreement, which states Bergren will continue to serve as president and CEO through Feb. 5, 2012. His term as president and CEO will automatically renew for successive periods of one year unless either the company or Bergren elects not to renew his term as president and CEO.

DALLAS -- Tuesday Morning reported that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%.

According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter.

Indio, Calif. -- Jacksonville, Fla.-based Regency Centers said it has signed a lease and begun construction on a new Toys “R” Us/Babies “R” Us store at Indio Towne Center in Indio, Calif.

The 46,827-sq.-ft. location will replace the retailer’s store in Palm Desert and become its only location in Southern California’s Coachella Valley.

Hackettstown, N.J. -- Purchase, N.Y.-based National Realty & Development Corp. said that Party City has leased 15,000 sq. ft. at Mansfield Commons, located in Hackettstown, N.J.

The 283,000-sq.-ft. shopping center is anchored by a recently expanded Walmart and Kohl’s.

Dallas -- Tuesday Morning Corp. said Monday that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%.

According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter.