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Chico's misses on Q2 sales and profit; taps beauty exec as Soma president
Chico's FAS' profit and revenue declined in the second quarter amid same-store declines across all its banners. The women's apparel retailer also named Mary van Praag as president of Soma, effective September 5, 2017. She most recently served as CEO of Perricone MD. Prior to that, she held senior executive roles at Coty, and Johnson & Johnson's beauty division. -
Virginia’s Mark Center is acquired for $509 million
In what it claims to be the biggest-dollar real estate transaction in the state of Virginia this year, Morgan Properties bought the Mark Center in Alexandria for $509 million. The Mark Center combines 2,664 residential units with 63,320 sq. ft. of retail on 150 acres within the Capital Beltway. The site features read access to Interstates 295, 395, and 495 and is within minutes of downtown Washington, D.C.

