Sales & Marketing

Suffern, N.Y. -- Ascena Retail Group reported Monday that adjusted net income for the quarter ended Jan. 26 dropped to $42.9 million, compared with $63.7 million in the year-ago period, due in large part to expenses associated with the company’s acquisition of Charming Shoppes.

Sales soared 44% to $1.2 billion from $862 million, driven by the added Lane Bryant and Catherine’s banners. Same-store sales dipped 1%.

Dallas -- Tuesday Morning Corp. announced Monday that it has named Michael Rouleau as its interim CEO, effective immediately.

Rouleau, who served as president and CEO of Michaels Stores from 1996 to 2006, joined Tuesday Morning’s board last November. He will lead the clearance retailer until it hires a permanent CEO.

PLANO, Texas — Dr Pepper Snapple Group has purchased a company that bottles its beverages for much of the West, the company said.

Royal Palm Beach, Fla. -- Jones Lang LaSalle Retail announced that the firm has been retained by Clarion Partners as the exclusive leasing and management agent for Coral Sky Plaza in Royal Palm Beach, Fla.

The 233,000-sq.-ft. strip center is anchored by BJ’s Wholesale Club and is currently 97% leased.

Coral Sky Plaza is tenanted by Ross Dress for Less, Bed Bath & Beyond, Buy Buy Baby and BJ’s Wholesale Club. Jones Lang LaSalle said it is currently seeking high-impact retailers to fill a vacant endcap space.

MINNEAPOLIS — Paint manufacturer Valspar, has named James Muehlbauer EVP, chief financial and administrative officer, effective March 11,2013. Muehlbauer will replace Lori A. Walker who will retire in April.

New York -- RKF announced that it has arranged four long-term leases for U.K.-based sandwich chain Pret A Manger.

The new stores are located at 655 Sixth Avenue, 319 Broadway, 350 Park Avenue and 303 Park Avenue South. With the addition of these new stores, Pret A Manger will have 36 Manhattan locations.

While the 655 Sixth Avenue location recently opened, the other three locations are slated to open in April.

MCLEAN, Va. — Capital One has teamed up with ShopSavvy to deliver personalized deals from the Capital One deals program to ShopSavvy app users while they shop and search for deals.  By incorporating Capital One’s deals into ShopSavvy’s leading mobile shopping community, customers can receive targeted merchant offers when they matter most – while they shop.

Milwaukee -- NAI MLG Commercial announced that Tim Janusz and Brett Garceau have been promoted to VP.

Janusz specializes in office landlord and tenant representation, and Garceau specializes in the lease and sale of industrial properties.