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  • Target Q1 profit up 2.7% on credit-card business gains

    Minneapolis -- Despite weakened sales in the first quarter ended April 30, Target Corp. saw net income rise 2.7% on the strength of its credit-card business.

    The retailer reported on Wednesday net income of $689 million in the first quarter, up from $671 million in the year-ago period.

    Total revenue rose 2.2% to $15.94 billion. Same-store sales rose 2%.

    Analysts expected revenue of $16.02 billion.

  • Chico's reports 30% rise in Q1 profit

    Fort Myers, Fla. -- Chico's FAS said Wednesday that profit for the first quarter was $45.9 million, compared with $35.4 million in the year-ago period.

    Net sales increased 11.5% to $537.2 million, from $481.6 million in last year's first quarter. Consolidated same-store sales rose 7.7%.

    The operator of Chico’s, White House|Black Market and Soma Intimates said it anticipates opening 21 net new stores in the May-June 2011 time frame.

  • Nordstrom Rack to open at Westfield Plaza Bonita

    Seattle --Nordstrom announced it will open a 42,222-sq.-ft. Nordstrom Rack at Westfield Plaza Bonita shopping center in National City, Calif. The new store will open on Oct. 27.

    The new Nordstrom Rack will be the company's third Rack store in the greater San Diego area, joining Westfield Mission Valley in San Diego and Grand Plaza in San Marcos.
     

  • Bath and Body Works announces CEO shift

    COLUMBUS, Ohio — Bath and Body Works announced that it has named Nick Coe, formerly president of Lands' End, as its new CEO. The current CEO of Bath and Body Works, Diane Neal, will remain in her role as CEO through summer and then transition into an advisory role with the company from San Francisco. 

  • Bath and Body Works unit appoints new CEO

    Columbus, Ohio -- The Bath and Body Works unit of Limited Brands said Tuesday it has named former Lands’ End president Nick Coe as its new CEO.

    Current CEO Diane Neal, at the helm since 2007, will remain in that role through the summer. After that, she will transition into an advisory role with the company and work from San Francisco, according to the company.

    Before working a Lands' End, a subsidiary of Sears Holdings Corp., Coe held senior merchandising jobs at Gap’s Banana Republic and at Levi Strauss.
     

  • A.S. Cooper & Sons goes live with POS/retail system by JDS Solutions

    New York City -- A.S. Cooper & Sons, one of Bermuda’s signature retailers, continues its recent trend towards modernization and innovation by upgrading its POS retail system. The chain has gone went 'live' with JDA Solutions’ point of sale/retail management system.

  • DSW names SVP human resources

    COLUMBUS, Ohio — DSW has named Todd Cordell as SVP human resources.  Cordell will be responsible for all human resources activities in support of DSW Stores, DSW.com, and the DSW leased business division.  

    "Todd brings a wealth of experience and expertise in all areas of the Human Resources function, most particularly Organizational Development," said Michael MacDonald, CEO of DSW Inc.  "I am confident Todd will help DSW attract, develop and retain top talent in support of our key strategic growth initiatives."

  • Blue Moon Apparel to open at Auburn Village

    Auburn, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Auburn, Calif., at Auburn Village to Blue Moon Apparel.

    Opening its third women’s apparel location, Blue Moon Apparel has leased 1,400 sq. ft. of space and will open in June.

    The 134,000-sq.-ft. shopping center is anchored by Bel Air grocery store alongside national retailers such as CVS/pharmacy, Dollar Tree and Subway.
     

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