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  • Justice names Ann Taylor exec as president, CEO

    Mahwah, N.J. - Brian Lynch, a 35-year fashion and retail industry veteran, has been named president and CEO of Ascena Retail Group’s Justice brand, which is targeted at tween girls. Lynch most recently served as president of Ann Taylor brand. Previously, he held executive positions with Ann Inc.; Gap Inc.; Learningsmit Inc.; and The Walt Disney Co.

    Lynch replaces Michael Rayden, who retired in January. Rayden had announced his retirement in October, and Ascena subsequently launched a search for his replacement.

  • Profit drops as Belk embarks on expansion

    Belk blamed costs associated with strategic initiatives for its drop in profit in the fourth quarter.

    The retailer reported a 7.8% decrease in net income to $146.1 million during the fiscal year that ended Jan. 31, compared with from $158.5 million in fiscal 2014.

  • Report: RadioShack, creditors back Standard General bid

    Fort Worth, Texas – RadioShack is reportedly asking a bankruptcy court to approve a roughly $160 million bod from Standard General LP that would keep 1,743 stores of the retailer’s roughly 4,000 stores open. According to the Wall Street Journal, the Standard General bid also the backing of the official committee of RadioShack’s unsecured creditors.

  • Kleinfeld Hudson’s Bay, Hudson’s Bay, Toronto

    Kleinfeld Hudson’s Bay, a luxurious 14,000-sq.-ft. bridal shop on the top floor of the Hudson’s Bay flagship and headquarters building in Toronto, took the top prize — Store of the Year — in the Association for Retail Environments 2015 Design Award.

  • Walmart’s Foran and McKenna to offer views in NY

    In a break from tradition, Walmart is hosting an investor meeting in New York on April 1 with the new team of top executives who are driving the latest round of changes at the retailer’s U.S. business.

    A 90 minutes session scheduled to begin at 10 a.m. EST on April 1 at the New York Stock Exchange will be hosted by Walmart U.S. President and CEO Greg Foran.

  • RKF arranges second Manhattan location for French apparel brand IRO

    New York -- RKF has arranged a 1,560-sq.-ft. lease with international high-end fashion retailer IRO at 241 Columbus Avenue on the Upper West Side in New York City. This will be the second Manhattan store for the French apparel brand, known for its mixing of luxury fabrics with casual street style.

    The transaction was arranged by RKF’s executive VP Joshua Strauss and associate Taryn Talmadge, who represented IRO, while the building ownership was represented by RKF executive VP Ariel Schuster and managing director Brandon Eisenman.

  • Signet Q4 earnings jump 30%

    Hamilton, Bermuda -- Signet Jewelers Ltd. on Thursday posted a better-than-expected 30% surge in profit its fourth quarter.

  • Mall of San Juan opens in Puerto Rico

    The mall is certainly not dead in Puerto Rico, where Taubman Centers Inc. held the grand opening for the Mall of San Juan on Thursday.

    The island's first upscale shopping center features a singular collection of retailers, more than 60% of which are unique-to-market and the Caribbean's only Nordstrom and Saks Fifth Avenue. The 650,000-square-foot shopping center was developed through a partnership between Taubman and New Century Development, Inc.

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