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Sears Canada to sell stake in eight properties
New York -- Sears Canada announced that it has reached a definitive agreement to sell its 50% joint venture interest in eight properties it owns to Montez Income Properties Corp. for approximately $300 million (C$315 million). Sears’ joint venture partner in the properties is The Westcliff Group of Companies.
The company said it will sell its interests in four regional shopping centers, two strip centers and two open-air retail centers.
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Charming Charlie’s exec named VP chief merchant of Dressbarn
Suffern, N.Y. -- Ascena Retail Group announced that Judith Langley has joined dressbarn as executive VP and chief merchandising officer.
Langley brings to Dressbarn extensive experience as a senior merchant and in product development. Most recently, she was executive VP and chief merchandising officer with Charming Charlie’s, a jewelry and accessories chain.
Previously, she was senior VP of design and trend at Kohl’s, where she oversaw product direction for 15 brands.