News

The world is full of powerful women, but a recent listing of the 100 most powerful by Forbes indicates that, with a few exceptions, the publication doesn’t think many are involved in the retail and consumer packaged goods world.

PepsiCo CEO Indra Nooyi was ranked fourth followed by Kraft CEO Irene Rosenfeld at number 10 on a list that was otherwise dominated by media personalities, celebrities, politicians and government officials. As for female retail executives, well there were exactly three.

NEW YORK — Customers with expensive taste will have greater access to luxury now that Saks is planning to open five new Off 5th stores throughout the United States. According to the company, these new stores will be located in upscale outlet, lifestyle, or strip centers, and each store will be designed in Off 5TH's unique "luxury in a loft" format. The new stores should have a particular appeal to foreign tourists, who helped drive up same-store sales to about 15% at Saks' flagship New York store.

ENGLEWOOD, Colo. — Citing a growing obesity epidemic in the United States, Sports Authority announced that it will no longer sell candy at its 465 stores.

Though it may lose some of the impulse sales generated by offering tempting items near checkout, Sports Authority is hardly a destination for junk food lovers, and that space might be better suited for products geared more toward the retailer's customer base. 

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.

On Thursday, Sept. 8, The Shoppes at The Palazzo and The Grand Canal Shoppes at The Venetian, in partnership with The Venetian and The Palazzo Las Vegas, will host an only-in-Vegas Fashion’s Night Out event.

Celebrity power couple Giuliana and Bill Rancic will guide guests through the season’s most talked-about fashion tips and trends; the festivities kick-off at 6 p.m. on level two of The Shoppes at The Palazzo near Chloè and Piazza Sempione.

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.