OPERATIONS

Ann Taylor and Kate Hudson team for capsule collection, advocacy

BY Katherine Boccaccio

New York — Ann Inc. said Thursday that actress Kate Hudson will continue her role as the face of Ann Taylor for its spring and summer 2013 campaigns.

However, said the retailer, this year Hudson’s role will grow as both a design influence and charitable ambassador as well. For the summer collection, she will be developing a capsule collection for the brand. In addition, Hudson will join the Advisory Council for the company’s ANNpower Vital Voices Initiative, a program that supports the empowerment of young women.

Hudson will make her first foray into fashion design as she collaborates with creative director Lisa Axelson on the summer capsule, planned for a May debut. And Hudson’s broadened role as a member of the Annpower Advisory Council will allow the actress to continue her long-time work as an advocate for empowering young women.

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OPERATIONS

Management shakeup at 99 Cents Only Stores; CEO out

BY Katherine Boccaccio

City of Commerce, Calif. — The founding family of the 99 Cents Only Stores chain has been fired by its owners, with retail veteran Richard Anicetti and Michael Fung taking over top executive roles.

The retailer said that Eric Schiffer (CEO), Jeff Gold (president) and Howard Gold (EVP) are “no longer employed by the company” and that Richard Anicetti has been named interim CEO. Schiffer is the son-in-law of founder David Gold while Jeff and Howard are his sons.

Anicetti, who served as the CEO of Food Lion for eight years, has been appointed as interim CEO. He has served on 99 Cents’ board for the past eight months Fung, previously SVP and CFO of Walmart Stores’ U.S. operations, has been appointed chief administrative officer.

“Since the first 99 Cents Only store opened in 1982, the company has grown into one of the most impressive and differentiated extreme value retailers in the country,” said David Kaplan, board chairman and a senior partner at Ares Management LLC, the private equity firm that bought the company a year ago. “The Gold/Schiffer family has been instrumental in creating this valuable business and establishing the widely admired culture at 99 Cents Only Stores. As a result, the company has flourished and today is positioned for continued growth and success. The board of directors thanks Eric, Jeff, Howard and the rest of the Gold/Schiffer family for their contribution and is looking forward to working with Rick, Mike and our dedicated ’99ers’ to continue our growth trajectory while providing our customers with excellent value as well as a fun and exciting shopping experience.”

99 Cents Only Stores reported a 4.3% increase in same-store sales in the fiscal third quarter of 2013, which ended Dec. 29. Net sales were up 8.8% in the quarter.

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Feb-19-2013 08:39 am

Thanks, great post. read more

M.Mirevski says:
Feb-19-2013 08:39 am

Thanks, great post. read more

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NPD: U.S. restaurant count up by 4,442 units over last year

BY Staff Writer

Chicago — There were 4,442 more restaurants in the U.S. in fall 2012 than there were in fall 2011, according to a recent U.S. restaurant census conducted by The NPD Group.

The total number of U.S. restaurants is now 616,008, a .7% increase over last year, based on NPD’s Fall 2012 ReCount, which is a count of commercial restaurant locations in the United States compiled in the spring and fall each year.

According to The NPD Group’s CREST, which tracks consumer use of commercial and non-commercial foodservice outlets daily, total restaurant traffic was up 1% for the year ending November 2012, compared with the same period last year. U.S. consumers made 60 billion restaurant visits during the period.

“The changes in spending, consumer visits and unit growth while slight are, at least, on the positive side,” said Greg Starzynski, director – product management, NPD Foodservice. “I expected a cautious approach to unit expansion as consumer visits improved, and I have no reason to suspect that will change in the foreseeable future.”

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