News

WASHINGTON — Retailers are ready to expand again, and likely will do so as the economy picks up, according to a new survey conducted by the charitable arm of the National Retail Federation and KPMG.

Little Rock, Ark. -- In a regulatory filing on Wednesday Dillard's said it plans to form a real estate investment trust, with the objective of improving liquidity.

According to the department store retailer, various company entities will transfer interests in properties to the REIT, which will then lease the properties back to them.

"Dillard's believes the formation of a REIT may enhance its ability to access debt or preferred stock and thereby enhance its liquidity," the filing said.

WEST CHESTER, Pa. -- QVC has announced the promotion of Claire Watts to the newly created position of CEO of U.S., reporting to QVC president and CEO Mike George.  Watts' new position, which is effective immediately, includes responsibility for the overall strategy and operations of QVC's U.S. business.  

Ann Arbor, Mich. -- Fry, Inc., a wholly owned subsidiary of Micros Systems, announced that Cabela’s has launched its newly designed website on Fry’s Open Commerce Platform.

CUPERTINO, Calif. -- Apple announced that for its first quarter ended Dec. 25, 2010, it posted record revenue of $26.74 billion and record net quarterly profit of $6 billion, or $6.43 per diluted share. These results compare to revenue of $15.68 billion and net quarterly profit of $3.38 billion, or $3.67 per diluted share, in the year-ago quarter. 

HOFFMAN ESTATES, Ill. — Fast on the heels of her departure from Ahold USA’s Giant Foods of Landover supermarket unit, Robin Michel has been tapped for an increasingly critical role at retail giant Sears Holdings. Michel, who left as president of Giant-Landover in December 2010, will serve as SVP and president of food and consumables, health and beauty and pharmacy at Sears and its Kmart subsidiary.

New York City -- The real estate recovery is well under way, though not without some bumps, workout specialist Dennis P. Yeskey recently told a gathering of more 100 real estate professionals at the "Industry Spotlight: Finance -- Global Trends in the 2011 Real Estate Capital Markets" discussion sponsored by NYCREW, the New York area chapter of the Commercial Real Estate Women network.

ATLANTA - Hair accessories brand Goody is gearing up for spring with the launch of its new Modern Organica collection, exclusively available at Target next month.

This season, headbands comprised of shells and barrettes dressed in colorful knits will help beauty mavens get back on-trend while staying true to their roots. Mother of pearl embellishments provide a feminine feature, while earth stones and nature-inspired designs add a glamorous touch.