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  • Tiffany announces executive personnel shifts

    New York City -- Tiffany & Co. reported Thursday that it has shuffled responsibilities among two of its executive officers, effective immediately.

    Patrick F. McGuiness, 45, has been appointed senior VP and CFO. He joined Tiffany in 1990 and has held a variety of management positions within the finance and merchandising divisions. He was promoted to senior VP finance in 2007, and the new appointment adds responsibility for the retailer’s investor relations program.

  • RILA adds Sears, 7-Eleven chiefs to board

    Washington, D.C. -- The Retail Industry Leaders Association announced Thursday it has added two retail industry executives to its board of directors during its semi-annual meeting held this week in Washington, D.C.

    Joining the board are Louis D’Ambrosio, president and CEO of Sears Holding Corp., and Joseph DePinto, president and CEO of 7-Eleven.

  • Chico’s, Soma make outlet debuts in Kansas City area

    Kansas City, Kan. -- Legends Outlets Kansas City said Wednesday that the region’s first Chico’s Outlet and Soma Intimates Outlet will open on June 24 at the Kansas City outlet shopping destination.



    The Chico's Outlet's new store will be located between BCBG MaxAzria and Five Guys Burgers & Fries, and the Soma Intimates Outlet's new store will be located between Gymboree and Claire's.

  • H&M profit drops 18% on high costs

    STOCKHOLM, Sweden -- Hennes & Mauritz AB reported Wednesday that net income for its 2Q dropped 18% to $673 million, from $817 million in the year-ago period.

    The Swedish fashion retailer blamed higher procurement costs and promotional offers for the lagging performance.

    Sales edged up to $5.1 billion from $4.96 billion in the prior year quarter, but gross margin shrank to 61.7% from a previous 65.9%.

  • Wisconsin to gain new Walmart, Macy’s and Target

    Milwaukee -- A Wednesday report by the Milwaukee Business Report said that the Village of Greendale (Wis.) has approved a Walmart and garnered one of several approvals needed for a Macy's at the village’s board meeting held Tuesday.

    The board approved rezoning, a special use permit and other plans needed for a 92,000-sq.-ft. Walmart slated to include a pharmacy and grocery with two out-lots for future developments.

  • Readers Speak Out: Is Fifth Ave. real estate worth the expense?

    In the June 9 edition of SiteTalk, we referenced a survey that found Fifth Avenue in Manhattan to be the most expensive place in the world to operate a store -- and asked you if it was worth the expense. Here is what one reader had to say.

  • Macy's chefs hit the road

    NEW YORK — Macy's announced that its "Macy's Chefs A-Go-Go" food truck tour will kick off in Miami on June 28. The first-ever tour will feature a chef from Macy's Culinary Council at each stop. MCC chefs include Cat Cora, Todd English and Marcus Samuelsson.

  • CSA Poll: Make your opinion count

    New York City -- Do you think Apple retail guru Ron Johnson will transform J.C. Penney Co.?

    Click here to register your opinion with the Chain Store Age poll.

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