OPERATIONS

American Eagle Outfitters names former Guess exec as Asia Pacific head

BY Katherine Boccaccio

Pittsburgh — American Eagle Outfitters said Wednesday it has named Kitty Yung to the position of EVP/president of Asia Pacific, charged with supporting the chain’s global geographic and channel growth “while aligning with our strategic plan of fortifying core assets, growing North America and transforming to a global omni-channel competitor …,” said Robert Hanson, CEO.

Yung was previously president, Asia Pacific at Guess Inc., growing the business to over 200 stores in Greater China, and is expected to be instrumental in the expansion of AEO’s brands and company-operated stores across China.

The company also promoted Simon Nankervis to SVP, Americas and Global Country Licensing, putting him in charge of AEO’s U.S., Canada and Mexico stores, as well as real estate and country licensing.

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FINANCE

Family Dollar Q2 profit edges up; opening 500 stores this year

BY Katherine Boccaccio

Matthews, N.C. — Family Dollar Stores reported Wednesday that net income for the quarter ended March 2 edged up to $140.1 million, compared with $136.4 million in the year-ago period.

Sales increased 17.7% to $2.89 billion from $2.46 billion, and same-store sales rose 2.9%.

“Following a difficult December, we were pleased with our sales results in early January,” said Howard Levine, chairman and CEO. However, he added that as the company moves into the second half, “our discretionary sales continue to be challenged by both the financial pressures facing our customers as well as unseasonably cold spring weather. Given this uncertainty, we have adjusted our plans to reflect lower than anticipated Home and Apparel sales as our customers’ discretionary spend is expected to remain constrained.”

Still, Levine said, the company remains on track to open approximately 500 new stores in 2013 and close 30 to 50. CapEx is forecasted to range from $650 million to $700 million to support new store openings, store renovations, merchandising initiatives, and expansion of the Family Dollar supply chain.

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News

Macy’s heats up the grilling competition

BY CSA STAFF

NEW YORK — Macy’s has launched a new contest to find America’s best griller. Customers can enter the "Macy’s Great American Grilling Guru" contest via Facebook.com/macys from April 9 through April 27. Six finalists will be pitted against each other in a "Sizzle Showdown" on June 8 in Atlanta. One winner will earn the coveted title of America’s Greatest Grilling Guru and receive the grand prize: $10,000 and a trip to Macy’s 4th of July Fireworks in New York City.

"Firing up the grill and sharing a meal with family has long been a favorite American pastime, and Macy’s Great American Grilling Guru provides us a platform to celebrate this time-honored tradition," said Amy Kule, group VP Macy’s parade and entertainment group. "This promotion will help kickoff Macy’s American Icons campaign by giving customers coast-to-coast an opportunity to show off their best grilling recipes, with the winner to receive a trip to Macy’s 4th of July Fireworks, one of the most all-American events that we enjoy as a nation."

Six finalists will win a trip to Macy’s Lenox Square in Atlanta, where they will compete in the Sizzle Showdown hosted by Tracye Hutchins, co-anchor of CBS’s "Better Mornings Atlanta," and judged by Macy’s Culinary Council chefs Cat Cora, Marc Forgione and Stephanie Izard, three of our country’s top culinary talents. After two rounds of competition, the Macy’s Culinary Council chefs will select the winner, who will receive the grand prize of $10,000 and a trip to the Macy’s 4th of July Fireworks in New York City where he or she will be revealed as America’s Greatest Grilling Guru. Those who cannot attend the Sizzle Showdown can still share in the fun through video and images of the competition that will be captured and available on macys.com/culinarycouncil after the event.

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