Bed, Bath & Beyond Opens in Canada
Richmond Hill, Ontario Bed Bath & Beyond opened its first store in Canada at the Glen Shopping Center in Richmond Hill, Ontario. The 34,000-sq.-ft. store opened its doors on Friday.
“We are excited to open our first store in Canada and to share our longstanding traditions of exceptional customer service, great value and a broad assortment of merchandise with the GTA [Greater Toronto Area]. Our new location in the town of Richmond Hill, which is experiencing a time of extensive growth, is centrally located off major highways and offers easy access for customers,” said Steven Temares, CEO of Bed Bath & Beyond.
Watts jumping to QVC from Wal-Mart
WEST CHESTER, Pa. Former Wal-Mart merchandising evp, Claire Watts is joining QVC on Jan. 7, 2008, and will assume the role of president of U.S. Commerce, effective May 1, 2008, QVC announced today.
Watts was with Wal-Mart for the past ten years, serving in a variety of positions, including most recently as evp of merchandising. She has also held executive positions at The Limited, Lands’ End and the May Company.
In her new position as president of U.S. Commerce, Watts will oversee planning, programming, merchandising, broadcasting, TV sales, and QVC.com for the U.S. operation.
“Claire brings a wealth of experience from multiple sectors of retailing and has an in-depth understanding of consumers,” said QVC’s president and ceo, Mike George, to whom Watts will report. “Her ability to lead in an open, honest, values-based environment, combined with her innovation and creativity, will undoubtedly have a positive impact on the QVC business.”
Saks reports 25.7% monthly comps increase
NEW YORK Saks today announced that owned sales totaled $347.6 million for the four weeks ended Dec. 1 compared to $275.3 million for the four weeks ended Nov. 25, 2006, a 26.3% increase. Comparable-store sales increased 25.7% for the four-week period.
On a year-to-date basis, for the ten months ended Dec. 1, owned sales totaled $2.6 billion compared to $2.2 billion for the ten months ended Nov. 25, 2006, a 16.5% increase. Comparable-store sales increased 14.5% for the ten-month period.
According to the company, its strongest categories for November were women’s shoes; handbags; fine jewelry; men’s accessories, shoes, and apparel; women’s “gold range” apparel; fragrances; and outerwear. The weakest categories at Saks Fifth Avenue for November were Salon Z (women’s large sizes), designer eveningwear, bridal, and cosmetics.