OPERATIONS

Brookstone names new CEO and president

BY Staff Writer

Merrimack, N.H. — Brookstone said it has hired Stephen Bebis as its new president and CEO, effective immediately.

Bebis is the founder of Golf Town and served as its president and CEO for 14 years. He has also worked at Home Depot, serving as VP general merchandise manager for its mid-southern division.

“We conducted a broad CEO search and interviewed a number of highly qualified internal and external candidates,” said Jackson Tai, chairman of the board of directors of Brookstone and its interim president and CEO since January. “We were impressed by Stephen’s track record as an entrepreneur, his hands-on experience as a manager and mentor at the highest levels in the retail industry, and his ability to drive growth and achieve market leadership.”

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FINANCE

Rue21 profit up 21% in first quarter

BY Staff Writer

Warrendale, Pa. — Rue21 reported Thursday that profit for the quarter ended April 28 rose 20.6% to $11.6 million, from $9.6 million in the same quarter last year.

Net sales increased 18.9% to $205.6 million, from $172.9 million. Same-store sales for the quarter edged up 1.7%.

Bob Fisch, president and CEO said the company is staying its small- and mid-market growth course.

“Through our real estate expansion we are gaining market share in small and mid-size markets around the country,” he said.

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REAL ESTATE

Ann Taylor to make Canadian debut

BY Katherine Boccaccio

New York — Ann Inc. announced Thursday that it will open two stores in Toronto, in fall 2012, marking the apparel retailer’s first foray outside the United States.

“Toronto is the perfect location to open our first international stores. It is a beautiful city filled with modern, sophisticated women who lead busy lives, and we are excited to bring a trusted fashion destination that offers great style as well as incredible versatility,” said head designer Lisa Axelson.

According to Brian Lynch, Ann Taylor brand president, Canada is a natural global jumping-off point because of the “strong awareness Ann Taylor already enjoys in Canada,” he said.

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S.Sitesnuksan says:
Oct-01-2012 08:25 am

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