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  • Bath and Body Works unit appoints new CEO

    Columbus, Ohio -- The Bath and Body Works unit of Limited Brands said Tuesday it has named former Lands’ End president Nick Coe as its new CEO.

    Current CEO Diane Neal, at the helm since 2007, will remain in that role through the summer. After that, she will transition into an advisory role with the company and work from San Francisco, according to the company.

    Before working a Lands' End, a subsidiary of Sears Holdings Corp., Coe held senior merchandising jobs at Gap’s Banana Republic and at Levi Strauss.
     

  • Gaining return on returns: A retail imperative

    By Ramsey Mansour, [email protected]

  • Trademark Property hired to lease, manage Shops of Saddle Creek

    Fort Worth, Texas -- Trademark Property Co. announced Monday that it has been engaged by an institutional owner to lease and manage the Shops at Saddle Creek, a 148,000-sq.-ft. lifestyle center in Germantown, Tenn.

    Trademark will also be evaluating the feasibility of a major expansion on adjacent land controlled by Saddle Creek’s owner.

  • Dick's Q1 sales up, beats EPS expectations

    PITTSBURGH — Dick's Sporting Goods reported consolidated net income for the first quarter ended April 30 of $37.5 million, or 30 cents per diluted share, exceeding the company's earnings expectations provided on March 8 of 26 cents to 28 cents per diluted share.  For the first quarter ended May 1, 2010, the company reported consolidated net income of $26.2 million, or 22 cents per diluted share.

  • Saks reports Q1 profit soars 51%

    New York City -- Citing a strong rebound in luxury spending, Saks reported Tuesday that net income for the quarter ended April 30 soared 51% to $28.4 million, compared with $18.8 million in the year-ago period.

    Revenue rose 9% to $726 million, and CEO Stephen Sadove said that he is “increasingly optimistic about the future. With the rebound in the financial markets, the luxury sector has rebounded as well.”

    The retailer reported that same-store sales surged 10.2% in the quarter.
     

  • Fresco World Market to open at Eastridge Mall

    San Jose, Calif. -- Chicago-based General Growth Properties announced that Fresco World Market is slated to open at Eastridge Mall, located in Santa Clara County, Calif., by September.

    Fresco will take over a former Circuit City building and will feature the largest produce and seafood departments in the county and the Bay area.

    A GGP property, Eastridge Mall is anchored by J.C. Penney, Macy's, Sears, Barnes & Noble, Bed Bath & Beyond, Sports Chalet and AMC Theatres.

  • Saks first-quarter profits soar, looks to grow Off 5th unit

    NEW YORK — Saks Inc. announced reported net income of $28.4 million, or 16 cents per diluted share, for the first quarter. For the prior year first quarter, the company recorded net income of $18.8 million, or 11 cents per diluted share. 

    Stephen Sadove, chairman and CEO, noted, "I am very pleased with our first quarter results. Our improved year-over-year performance was driven by a 10.2% comparable-store sales increase and continued gross margin rate improvement."

  • DSW names former Starbucks exec as human resources head

    Columbus, Ohio -- DSW announced Tuesday that it has Todd S. Cordell as senior VP human resources, effectively immediately.

    Cordell will be responsible for all HR activities in support of DSW Stores, DSW.com, and the DSW Leased Business Division. 

    Cordell was previously VP human resources for Starbucks Coffee Co.

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