Direct To Consumer (DTC)

SANDPOINT, Idaho – Coldwater Creek has named a new president and chief merchandising officer.

Jill Brown Dean will replace Georgia Shonk Simmons, who announced her intention to retire.

Dean, who most recently served as president of Limited Too's tween brands division, will join the apparel brand on Feb. 14.

In related news, Jerome Jessup, currently EVP, creative director at the brand, was promoted to president and chief creative officer.

New York City -- Real estate firm The Feil Organization announced Friday that Tommy Bahama has signed a groundbreaking lease for the opening of its first Manhattan store at 551 First Avenue at 45th Street.

The Seattle-based chain signed a 12-year lease agreement and will occupy 8,500 sq. ft. on the ground, mezzanine and basement levels of the renowned art deco Fred F. French building that is owned and managed by The Feil Organization.

New York City -- New York & Co. announced on Wednesday the appointment of David Witkewicz to executive VP design, effective this month.

Witkewicz will report to Greg Scott, president, and will serve on the company’s executive committee.

Witkewicz was previously VP design for Coach.

New York City -- Saks Fifth Avenue Off 5th announced that it plans to open a store at the Tuscany Place Designer Outlets, a new, upscale pedestrian-friendly lifestyle outlet development in Madison, Miss.

The center and the Saks Fifth Avenue Off 5th store are expected to open in the spring of 2012.

"We look forward to opening our first Saks Fifth Avenue Off 5th store in Mississippi where the temperate climate allows for year round shopping," noted Robert Wallstrom, president of Saks Fifth Avenue Off 5th.

New York City -- A Tuesday report by Bloomberg said that J. Crew Group is close to settling a shareholder lawsuit over its proposed $3 billion takeover by private-equity firms TPG Capital and Leonard Green & Partners LP.

Citing two unnamed sources, the report said that as part of the settlement, J. Crew would extend the period to solicit competing offers until Feb. 15 and add provisions that make it easier to accept a rival bid.

Between announcing its first international acquisition and disclosing details of its U.S. expansion program, the Target board found time to squeeze in authorization of a quarterly dividend payment. The company’s dividend is currently 25 cents a share and is payable on March 10 to shareholders of record on Feb. 16. The first quarter dividend will be the company’s 174th consecutive dividend paid since October 1967 when the company became publicly held.

New York City -- J. Crew Group received no rival bid during a solicitation period and will stick with its nearly $3 billion buyout offer made by two private equity firms in November, according to Reuters. J. Crew agreed in November to be taken private by the two firms. It was able to solicit higher bids until Saturday.

New York City -- Robert K. Futterman & Associates said it has arranged a long-term, 10,700-sq.-ft. lease with Mulberry at 134 Spring St., between Greene and Wooster Streets in SoHo.

The store will serve as the British lifestyle brand’s flagship location in New York City and will be its third store in Manhattan. Scheduled to open in the summer, Mulberry will occupy 5,700 sq. ft. of ground-floor retail and 5,000 on the lower level and will sell ready-to-wear in addition to accessories.