And the name of H&M’s new chain is…
New York — Swedish fast-fashion retailer Hennes & Mauritz (H&M) plans to call its new retail brand “& other stories” according to various media reports.
H&M will neither confirm nor deny the reports. But Swedish news outlet Dagens Nyheter reported that trademarks and logos for ‘& other stories’ were registered by a Swedish firm last year, and that Camilla Emilsson-Falk, head of media relations for H&M, confirmed the details.
The new brand, set to launch next spring in Europe will feature higher price points and better quality materials.
“The new chain of stores will be independent and complement the other offerings from the Group. We have great faith in this new brand and we see considerable potential for further initiatives,” CEO Karl-Johan Persson said last week in a statement.
REI names senior executives for IT and e-commerce
Redmond, Wash. — REI (Recreational Equipment, Inc.) promoted Bill Baumann and Brad Brown to senior VP information technology, and e-commerce and direct sales respectively.
In addition, Kathleen Peterson has been named VP of REI Private Brands.
“Bill and Brad’s promotions recognize the strategic importance of the information technology and e-commerce divisions to provide the infrastructure required to support REI’s growth over the next five years,” said Brian Unmacht, REI’s EVP. “Kathleen’s remarkable 25-year career with premier global brands serves her well as she leads the expansion of our award-winning branded gear and apparel offerings.”
Jones Lang LaSalle expands retail services in Florida
Miami — Jones Lang LaSalle is enhancing the retail services it offers by adding boots on the ground in select local markets across the country, beginning with Florida. The firm will intensify its resources at the local level, leveraging its retail tenant solutions (RTS) capabilities – formerly known as Corporate Retail Solutions – to provide local market retail tenant representation services.
Effective immediately, John Lambert, who is based in Orlando, will assume oversight of the firm’s retail business throughout Florida, reporting directly to Steve Yenser, national director of retail markets.