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Kohl’s Stock Takes a Beating on Disappointing Holiday Results

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Menomonee Falls, WI–Kohl’s Corp. today saw its shares take a beating after the department store released preliminary fourth quarter results consisting of a lower earnings forecast after sales failed to meet expectations during the holiday quarter. Kohl’s comparable store sales edged up 0.4%, missing the 0.8% increase that Retail Metrics …

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Macy’s Inc. Names New Chief Strategy, Chief Growth Officers

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People

Cincinnati—Macy’s Inc. today named two key senior executive changes as the company moves to grow its omnichannel business based on intensive insight into evolving consumer preferences and changing shopping patterns. First, Peter Sachse, who has served over the past year as Chief Innovation and Business Development Officer, will assume a …

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The Webster Opens First Location Outside Of Florida at Galleria In Houston

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Dallas—Famed Miami specialty retailer The Webster just opened its fourth boutique inside The Galleria in Houston. The 5,000 square foot, newly constructed, freestanding building with its own, dedicated valet service, is referred to as the “Jewel Box”. “I am thrilled to have the opportunity to open my fourth location, and …

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Brentwood Associates Buys Boston Proper from Chico’s

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Los Angeles–Brentwood Associates, a private equity investment firm, announced today that it has acquired Boston Proper direct-to-consumer business from Chico’s FAS, Inc. Terms of the agreement were not disclosed. Boston Proper is a Boca Raton, Florida-based multi-channel retailer of women’s apparel and accessories. In partnership with existing Boston Proper management, …