Sales & Marketing

New York City -- Many New Yorkers remain at home on Monday, as Irene -- though not the monster it first appeared to be -- left widespread flooding and power outages in its weekend wake.

PARIS — Gap Inc. has announced plans to open its first Banana Republic store in France in Paris in early December. Synonymous with culture, quality, heritage and style, the store will be , one of the most popular international shopping destinations in the world.

The 15,952 sq. ft. Paris flagship store will be located on Avenue des Champs Élysées and will occupy more than two floors.

New Balance has brought its “Experience” format to North America, opening a 4,000-sq.-ft. space in Manhattan’s Flatiron District.

New York City -- Saks Inc.’s Saks Fifth Avenue Off 5th announced the addition of five stores for 2012. The new stores will be located in upscale outlet, lifestyle, or strip centers.

The new locations are in Merrimack, N.H., Syracuse, N.Y., Livermore, Calif., Grand Prairie, Texas, and Nashville. The Merrimack store will be the first Off 5th in New Hampshire, and the store in Nashville will be a replacement store for the one lost in the 2010 flood in Tennessee.

The new Target.com website went live last Tuesday just as Target News Now was hitting in-boxes with an item about the relaunch that began, “Just launch the new site already.” Well, now that the completely reengineered site is operational, it marks the company’s first step on an ambitious plan for multi-channel expansion, according to Target.com president Steve Eastman.

It is hard to overstate the significance of Target’s entry into Canada in terms of the impact it will have on the company’s growth and the marketplace overall. You would have to go back to 1992 and Walmart’s acquisition of 122 Woolco stores to find an event of similar magnitude, and even that deal comes up short compared with Target’s plans to open as many as 150 stores beginning in early 2013.

HOLLYWOOD, Calif. — Frederick's of Hollywood Group has announced that the company and Linda LoRe have mutually agreed that, effective Sept. 2, LoRe will resign both as president and as a member of the board of directors of the company and its subsidiaries.  She will continue her employment through Jan. 20, 2012, and will assist in the orderly transition of her responsibilities to senior members of the company's current management team.

NEW YORK — The economic headwinds so often cited by mass market retailers as a drag on financial results had no impact on luxury goods retailer Tiffany during the second quarter. The company’s earnings per share excluding non-recurring charges increased 58% to 86 cents, well ahead of the 70 cents analysts’ expected as the retailer’s customers didn’t let lingering unemployment and economic uncertainty dampen their enthusiasm for luxury goods.