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  • PREIT Enters into Agreement to Sell Non-Core Anchor Pad

    Philadelphia — Pennsylvania Real Estate Investment Trust has entered into an agreement to sell an anchor pad underlying a Bon-Ton store in Bethlehem, Pennsylvania, contiguous to Westgate Mall.

    The transaction is expected to close prior to the end of 2014.

  • Gordmans names former Stage Stores chief exec as CEO

    Omaha, Neb. -- Gordmans Stores has named Andrew T. Hall president and CEO, effective Aug. 19. He also was appointed to the company's board of directors.

    Hall, 53, was president and chief executive officer of Stage Stores, from 2008 to 2012 and served as its president and COO from 2006 to 2008. At Gordmans, he succeeds T. Scott King, Gordmans' chairman of the board, who has been serving as interim president and CEO since March 2014.

  • American Eagle Q2 income slides 70% but still tops estimates

    Pittsburgh -- American Eagle's second-quarter net income was down 70% amid weak sales. But its results were better than analysts estimates.

    For the period ended Aug. 2, American Eagle Outfitters Inc. earned $5.8 million, down from $19.6 million a year earlier.

    Revenue decreased 2% to $710.6 million from $727.3 million, topping estimates of $689.5 million. Same-store sales fell 7%.

  • CSA to name ‘Top Redevelopers’ for 10th straight year

    New York -- Chain Store Age is conducting its 10th annual survey of the Top Redevelopers in the United States. Survey results, which measure renovated and redeveloped projects completed within the last 12 months (June 30, 2013 to June 30, 2014), will appear in the November 2014 issue of Chain Store Age.

    Deadline for submission is September 15, 2014. To enter, click here.

  • Lane Bryant collaborates with designer Lela Rose

    New York -- Lane Bryant announced that American ready-to-wear designer Lela Rose will be creating a limited-edition line exclusively for the special-sized retailer. The collection is set to hit stores summer 2015, and will be sold under the Lela Rose Exclusively for Lane Bryant label.

    Lela Rose will be the third designer collaboration for Lane Bryant, joining the Sophie Theallet and Isabel Toledo collections.

  • Former Aeropostale CEO returns to role

    Mall-based specialty retailer Aeropostale has appointed Julian R. Geiger as CEO, effective immediately — a role he previously held until 2010. Geiger succeeds Thomas P. Johnson, a former Brooks Brother executive who replaced Geiger after he left.

    In 2011, Geiger was appointed president and CEO of Crumbs Bake Shop. He resigned from Crumbs at the end of December 2013, and rejoined the Aeropostale board in May, and will remain a member.

  • TJX Q2 profit up; raises outlook

    Framingham, Mass. -- TJX Cos. said Tuesday that its second-quarter net income increased a better-than-expected 8% on strong sales in the United States and abroad. The retailer also lifted its full-year earnings forecast.

    TJX earned $517.6 million for the period ended Aug. 2, compared with $479.6 million a year earlier.

    Revenue rose 7% to $6.92 billion from $6.44 billion, beating Wall Street's estimate of $6.88 billion.

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