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Retail

  • Loft to open four stores in Canada

    Toronto -- Loft, a division of Ann Inc., is expanding in Canada, with four new stores by the end of fall 2013.

    Loft entered Canada last November, at Yorkdale Shopping Centre in Toronto. The chain will open a store in Toronto Eaton Centrer, Toronto, in late May, followed by additional units at Lime Ridge Mall in Hamilton in July, Markville Shopping Centre in Markham in August and Square One Shopping Centre in Mississauga in October.

  • Bi-Lo in $265 million deal to buy Sweetbay, Harveys and Reid’s from Delhaize

    Jacksonville, Fla. -- Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie grocery store brands, has entered into an agreement to buy three chains from Belgium-based Delhaize Group. Bi-Lo said it would acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize for $265 million in cash.

  • Tiffany names Ludru senior VP of North America

    New York – Anthony Ludru has been named senior VP of North America by Tiffany & Co.

    Ledru, 40, has luxury industry experience including with Cartier in Latin America and the U.S., as well as serving as global VP of sales with Harry Winston International.

    “As a member of the senior management team, Anthony will drive sales results in our largest region, composed of the United States and Canada, while contributing a key voice to the articulation of the global brand.,” said Tiffany executive VP Frederic Cumenal.

  • The Fresh Market has tasty quarter

    Greensboro, N.C. -- The Fresh Market Inc. grew net income, same-store sales and net sales during first quarter 2013. Net income rose 14% to $22.1 million, from $19.3 million in the prior year.

    Net sales jumped 13% to $366.6 million.

  • Brookstone names executive chairman

    Merrimack, N.H. -- Brookstone announced the appointment of William E. Watts as the company's new executive chairman of the company's board of directors, effective immediately.

    Watts has been a partner of J.W. Childs Associates since June 2001. Previously, he was president and CEO of GNC from 1991 until 2001.

  • Tiffany shines as Q1 results beat Street

    New York -- Tiffany & Co.’s net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia. Global same-store sales rose 8% during the quarter.

    The earnings bump came on a 9% worldwide net sales increase to $895 million. In the Americas region, total sales rose 6% to $408 million. Same-store sales rose 3% with relatively stronger growth in the New York flagship store.

  • PacSun opens pop-up summer store in SoHo

    Anaheim, Calif. – Pacific Sunwear of California Inc. is opening a new pop-up store in the SoHo neighborhood of New York this summer. The two-floor, 10,000-sq.-ft. shop, located at 583 Broadway, opens today and runs through Labor Day weekend.

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