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Aldo, Hong Kong

BY CSA STAFF

Footwear and accessories company Aldo puts its best foot forward at its new concept store in IFC Mall, Hong Kong. The format complements the luxurious aesthetic of the center while maintaining the chain’s roots with its fashion-forward and youthful ambience.

The design, by Pompei A.D., New York City, was based around two distinct elements, including a continuous mirror polished metal ‘ribbon’ that winds throughout the space, unifying the display as one cohesive visual element. The second element, original ‘Constellation’ artwork created by Pompei, produces the sensation that the space is not defined by four walls, but rather is “an ethereal environment in which the Aldo experience comes to life,” said Scott Faucheux, executive director of design at Pompei A.D.

Design: Pompei A.D., New York City


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MSLO names head of e-commerce

BY CSA STAFF

NEW YORK — Martha Stewart Living Omnimedia has appointed Michael Robinson to the newly created position of VP e-commerce. Robinson brings retail, direct-to-consumer and digital experience working with popular brands such as Anthropologie, Smith & Hawken Ltd., and Banana Republic Inc., and will be responsible for building out the company’s e-commerce presence, including the site the company is jointly developing with JCPenney, which is slated to launch in 2013. He is reporting to Lisa Gersh, president and COO of MSLO.

He joins MSLO from Anthropologie, the women’s lifestyle and apparel retailer that is owned by Urban Outfitters Inc., where he built and managed that brand’s highly regarded website and catalog businesses, serving most recently as head of e-commerce for Europe and the United Kingdom, based in London. Robinson launched the Anthropologie catalog and website in 1998, and built that business into the fastest growing and most profitable channel of the brand. He subsequently took leadership of the brand’s cross-channel marketing, and launched Anthropologie’s retail loyalty program before spearheading their European e-commerce efforts. Prior to that, he was a retail consultant and held managerial and planning positions at Smith & Hawken and Banana Republic. Mr. Robinson is a graduate of the University of California’s School of Business at Berkeley.

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Target becoming dividend darling

BY CSA STAFF

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Target is almost halfway home on its goal of paying a $3 annual dividend following news this week that for the second consecutive year it would increase its dividend by 20%.

In advance of the company’s shareholders’ meeting on Wednesday, Target announced the 20% increase, which puts the quarterly payout at 36 cents a share, up from 30 cents. The company’s annual payout now stands at $1.44, which is nearly half the goal the company established to boost its annual payout to $3 by 2017.

Since Target weathered the financial crisis and recession several years ago, the company has become increasingly generous with returning cash to shareholders. This new stance was evident in June 2010 when the quarterly dividend was increased 47% to 25 cents from 17 cents. Last June, the dividend was increased 20% to 30 cents from 25 cents.

Similar increases can be expected in the coming years if Target plan to achieve its $3 goal.

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