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  • Report: Another 75 Borders stores closing

    Ann Arbor, Mich. -- Borders Group is expected to announce that another 75 stores will be closed.

    Mike Edwards, president, in a conference call said that the additional store closings would come from a group of 140 "bubble stores" that had already been identified for possible closings.

    The bookseller previously said it would close 200 stores when it announced it had filed for Chapter 11 bankruptcy on Feb. 16. At the time, the retailer said another 75 could be closed. The new round of stores has not yet been identified.

  • Children's Place gets new head designer

    SECAUCUS, N.J.  -- The Children's Place Retail Stores has announced the appointment of Michael Giannelli as SVP design, effective March 28, 2011. He will report to Natalie Levy, EVP merchandising and design.

    Giannelli spent 18 years with Gap Inc., culminating in his appointment as VP Gap Body. For 12 years of his tenure with the company, he designed children's apparel and non-apparel for Gap Kids and Baby Gap. Most recently, Giannelli held the position of SVP design for Ann Taylor Loft. 

  • Family Dollar a hot commodity

    MATTHEWS, N.C. -- Family Dollar today showed why dollar stores are such a hot commodity right now by reporting a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion from $2.09 billion last year. According to the company warmer weathr earlier in the year as well as strong performance in its consumable and seasonal categories helped drive sales. 

  • Chico's names senior marketing exec

    Fort Myers, Fla. -- Chico’s FAS announced Monday that it has named Celia Rao Visconti as senior VP of marketing.

    She will report directly to Cinny Murray, brand president of Chico's, and will oversee the brand's marketing strategy and initiatives. 

    Rao Visconti was previously executive VP and chief marketing officer for New York & Co.

  • Target by the numbers

    Target recently filed its annual report on form 10-K with the Securities and Exchange Commission. Here’s a look at some interesting facts and figures contained in the document:

    • Target employed 355,000 “team members,” last year, a figure that swells to 400,000 during the holidays.

    • The company operated 37 distribution centers, including four food distribution centers and maintains 27 international sourcing offices in 18 countries

  • Macy's announces newest designer for capsule collection

    NEW YORK -- Macy’s announced Matthew Williamson as the second acclaimed fashion designer to take part in the designer capsule collection series for the retailer’s contemporary fashion Impulse department. Sold in approximately 225 Macy’s stores nationwide and on macys.com beginning April 13, Williamson’s collection will include dresses, tops, scarves and unique leather and suede pieces.

    Price points for the collection will range from $50 to $120, with specialty pieces selling up to $300. 

  • Family Dollar sales rise 8.3%

    Matthews, N.C. -- Family Dollar today showed why dollar stores are such a hot commodity right now by reporting a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the company warmer weathr earlier in the year as well as strong performance in its consumable and seasonal categories helped drive sales.

  • Chico's names SVP marketing

    FORT MYERS, Fla. -- Chico's announced that Celia Rao Visconti has been named SVP marketing for Chico's. Rao Visconti will report directly to Cinny Murray, brand president of Chico's and will oversee the brand's marketing strategy and initiatives.  

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