News

SANTA ANA, Calif. — AlignMed, a developer of wellness wear, has appointed Robert J. Meers as the company’s CEO. He will be charged with driving the company’s growth and strategic direction.

LAS VEGAS — Mattel Brands and Fisher-Price is looking to remain a key player in the global market. To that end, the company is restructuring its licensing approach and prioritizing its portfolio of brands to create partnerships that foster global growth. 

The Mattel Brands consumer products group has identified global business category leaders and a global creative team to further support growth, ensure product quality and create a meaningful differentiation for partners and consumers.

Burlington, N.J. -- Burlington Coat Factory credited the unusually cold winter experienced by many parts of the country, which dampened the first quarter results of many retailers, for helping to drive its strong financial performance during the first quarter.

The retailer reported net income of $11.1 million, a substantial improvement from $842,000 in the first quarter of the prior year, primarily driven by sales growth and improved gross margin rate which was in turn partially offset by increased selling and administrative expenses.

TORONTO — Hudson's Bay Company, owner of retailers Hudson's Bay, Home Outfitters and Lord & Taylor, has made changes to the company's executive structure. 

Bonnie Brooks, president of Hudson's Bay Company, has been appointed the company’s vice chair. Liz Rodbell, EVP and chief merchant for Hudson's Bay Company, will become its president. Brooks and Rodbell will report to chairman and CEO Richard Baker. 

ABC Fine Wine & Spirits is showing off a new, modern store concept in Ocala, Fla. The contemporary design reflects the retailer’s evolution from the corner liquor store and bar to a 150-plus-store purveyor of fine wine and spirits. It’s also more in sync with the brand’s shifting customer base, which has grown more upscale and increased from 30% to 55% female.

IRVING, Texas — To celebrate its 40th birthday, Michaels will launch the first-ever Michaels Craft Tour this month in a specially designed 18-wheeler that features a fully stocked, 1,000-sq.-ft. craft room on the inside. 

The tour will travel throughout the U.S. from coast-to-coast, visiting store openings, outdoor festivals and other events along the way.

LOS ANGELES — Saban Brands has launched two new e-commerce sites for its Power Rangers and Paul Frank brands, featuring products spanning all categories from toys and apparel to accessories and collectables. 

WEST CHESTER, Pa. — QVC, a global video and e-commerce retailer, has appointed former Starbucks executive Mustafa El-Rafey as the company’s SVP of talent management and rewards. El-Rafey will lead the development and implementation of a dynamic talent management and rewards strategy for QVC.

He will report to EVP of human resources and workplace services Beth Rubino.