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Desigual to open flagship store on the 3rd Street Promenade
Santa Monica, Calif. -- Privately held European women’s apparel retailer, Desigual, said it has leased nearly 6,400 sq. ft. on the 3rd Street Promenade in Santa Monica from landlord Promenade Gateway, an affiliate of Maxxam Enterprises.
The store will serve as Desigual’s flagship West Coast location. The retailer currently has more than 170 retail locations and approximately 450 shop-in-shops in major department stores across Europe and Asia.
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Williams-Sonoma authorizes $125 million stock buyback
San Francisco -- Williams-Sonoma said Tuesday that its board has approved a $125 million stock repurchase program.
The retailer said the new program will likely be completed by January 2012. It does not have an expiration date. The company said it had completed a $65 million stock repurchase program approved in September 2010.
Williams-Sonoma, which runs Pottery Barn, West Elm, its namesake stores and other brands, had about 105.1 million outstanding shares as of Nov. 28, 2010.