DATATRAC: Apparel Specialty Stores and Department Stores – November 2016
• Gap Inc. announced its CFO Sabrina Simmons will leave the company at the end of its fiscal year.
• Hudson’s Bay Company announced Ed Burstell will join the company as Head of Partnerships.
• New York & Company Inc. appointed Michelle Pearlman as Exec VP, E-commerce and Chief Marketing Officer.
• Nordstrom Inc. announced its CFO Mike Koppel plans to retire next year. He will remain in his role through the spring of 2017.
• Sears Holdings Corporation announced that Jason Hollar has been promoted to CFO. The retailer also announced that Ryan Vero has left the company.
• Shoe Carnival Inc. announced Clint Pierce is joining as its VP, DMM Athletic Footwear. Mr. Pierce previously served as Senior VP, GMM Footwear and Apparel at The Sports Authority Inc.
• American Apparel Inc. is preparing to file for its second bankruptcy.
• Finish Line Inc. is searching for a buyer for its JackRabbit chain of stores.
• Canada Goose Inc. announced it plans to go public.
• Nasty Gal Inc. has filed for Chapter 11 bankruptcy protection.
Mergers and Acquisitions
• Dick’s Sporting Goods Inc. announced it will acquire Golfsmith International Holdings.
• Alton Lane is in the process of rolling out a text message service to shoppers who have previously bought from the company allowing them to order a custom-fitted suit.
• Charming Charlie Inc. has launched a new fragrance collection.
• Gap Inc. announced it will soon close all Banana Republic stores in the United Kingdom by the end of its fiscal year.
• J. Crew Group Inc. announced it is exiting the bridal business.
• Saks Fifth Avenue has opened its first standalone store dedicated exclusively to footwear. The new 10022-Shoe is located in Greenwich, CT. The 14,000 sq. ft. shop features women’s footwear, with a strong focus on emerging and advanced designers.
• Altar’d State announced it has opened a new location in the Mall of America in Bloomington, MN.
• Cartier Inc. has opened a 3,906 sq. ft. store at the Stanford Shopping Center in Palo Alto, CA, after closing a location there in 2011.
• JCPenney Company, Inc. announced the opening of a new two-level 119,000 sq. ft. store at The Inland Center in San Bernardino, CA.
• J. McLaughlin has announced plans to open a new 1,715 sq. ft. store in Scottsdale, AZ. It will be the company’s first store in the state.
• Luxottica North America announced it has opened its 1,000th LensCrafters store nationwide.
• L.L. Bean Inc. has opened a 15,000 sq. ft. store in Cincinnati, OH, at The Kenwood Collection mixed-use center.
• Macy’s Inc. announced it has sold five stores to General Growth Properties. The following locations are involved in the sale and will be closed by spring 2017: Carolina Place in Pineville, NC; Oakwood Mall in Eau Claire, WI; Quail Springs Mall in Oklahoma City, OK; Greenwood Mall in Bowling Green, KY, and Tysons Galleria in McLean, VA.
• Nordstrom Inc. has opened a new 37,000 sq. ft. Nordstrom Rack location on 12th Street in Washington, DC.
• North Face announced the opening of a new two-level 20,000 sq. ft. store on Manhattan’s Fifth Avenue.
• Primark USA plans to continue its expansion with a second location in Massachusetts. The new location will span 53,000 sq. ft. and is set to arrive this December at the Burlington Mall.
• Recreational Equipment Inc. announced it has opened a new 51,000 sq. ft. location in Washington, DC.
• DSW Inc. has introduced pop-up shops at two locations that offer 3D-printed shoes. The Feetz@DSW shops have debuted at stores in San Francisco’s Union Square and on 34th Street in New York, featuring technology from Feetz.