Department Store

Lands' End is adding two highly regarded retail veterans to an executive team led by newly appointed CEO Federica Marchionni.

The company announced that Joseph Boitano is bringing his more than 30 years of retail and wholesale experience to a new role at Lands' End as executive vice president, chief merchandising and design officer and will lead all aspects of merchandising and design.

New York -- Saks Fifth Avenue Off 5th will open a store at Christiana Fashion Center in Christiana, Delaware, in October. The 32,000 –sq.-ft. store will be the off-price retailer’s first in the state of Delaware.

Another retailer is embracing Apple Pay as an option for customers who want an easy, secure and private way to pay.

Hoffman Estates, Ill. – Sears Holding Group Inc. has filed a $1.57 billion subscription rights offering with the SEC for its real estate investment trust (REIT) known as Seritage Growth Properties. The offering would give Sears shareholders the right to buy up to 53.3 million shares of the REIT at a share price of $29.58.

Seritage also plans to sell 9.5 million class C non-voting shares to Fairholme Capital Management LLC, Sears’ second-largest shareholder, at the same price. This would give Fairholme a roughly 12% stake in Seritage.

Wesley Chapel, Fla. -- More than1.2 million shoplifters and dishonest employees were apprehended in 2014 by just 25 large retailers who recovered over $225 million from these thieves, according to the 27th Annual Retail Theft Survey conducted by loss prevention and inventory shrinkage control consulting firm Jack L. Hayes International. The participants were made up 25 large retail companies with 23,250 stores and over $700 billion in retail sales (2014).

Bealls has come up with a creative marketing campaign to leverage the artistic talent of its customers.

The company has launched the Bealls Florida Artist Competition, which will provide the opportunity for new and established artists to have their artwork produced into a line of Florida-inspired products exclusive to Bealls Florida.

Brick-and-mortar stores are still relevant, with 87% of consumers planning to shop physical retail at least as often as they did in 2014, according to a study by TimeTrade Systems.

Washington, D.C. -- Father’s Day may not be the most lucrative consumer holiday of the year for retailers. However, according to the new National Retail Federation (NRF) 2015 Father’s Day Spending Survey, spending on Father’s Day is expected to reach $12.7 billion. The survey, conducted by Prosper Insights & Analytics, indicates the average person will spend $115.57 on gifts, nearly even with $113.80 in 2014.