Sales & Marketing

New York City -- Cushman & Wakefield announced that Stella McCartney, the fashion and accessories retailer and daughter of Paul McCartney, will open a new store at 112 Greene Street between Prince and Spring Streets, in the SoHo area of Manhattan.

The opening is planned for the fall.

Stella McCartney will occupy approximately 5,200 total sq. ft. between the ground floor and lower level in a 10-year lease.

Given all the talk of EDLP at Walmart’s annual shareholders’ meeting, it was understandable the company chose Maki Nakamura, chief merchandising officer at Walmart Japan, as the recipient of the Sam M. Walton Entrepreneur of the Year Award.

Walmart’s Seiyu stores in Japan have been implementing every day low prices for several years, and the company’s patience has finally paid off with improved business results in what has been a challenging market.

By Harry Herget, syntelllc.com

LEXINGTON, Mass. — The Stride Rite Children's Group announced it will donate a new pair of shoes to Kids in Distressed Situations for each ticket purchased during K.I.D.S. Day in New York, a celebratory event taking place on June 5.

Stride Rite also announced that its president, Sharon John, has been appointed to the K.I.D.S. board of directors as a member of its marketing committee.

Since 2006, Stride Rite has provided more than $3 million in new shoes to over 280 nonprofit agencies in the K.I.D.S. network. 

Los Angeles -- Sporting goods chain Sport Chalet reported Thursday that it swung to a profit in its fiscal fourth quarter of $0.3 million, from a net loss of $0.3 million in the year-ago period.

Sales increased 8.8% to $98.2 million. Same-store sales edged up 1.3%.

The fourth quarter profit was the chain’s first in 13 quarters.
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New York City -- Wal-Mart Stores on Friday morning kicked off its annual shareholders meeting in Fayetteville, Ark., by announcing a $15 billion stock buyback.

Among the early speakers was Doug McMillon, chief of Wal-Mart Stores' international division, who told the audience that the chain is building sales around the world by using the same retailing style that company founder Sam Walton developed.

New York City -- SRS Real Estate Partners said that “Sugar and Plumm Purveyors of Yumm” has leased 4,206 sq. ft. at the northeast corner of Amsterdam Avenue and West 78th Street on the Upper West Side of Manhattan.

The retail and food concept features artisan desserts, candy and more, with the interiors designed by Rockwell Group.

Sugar and Plumm will open its first location this summer at Bergen Town Center in Paramus, N.J.