OPERATIONS

Brown Shoe CEO adds chairman to title

BY Katherine Boccaccio

St. Louis — Brown Shoe Co. said Monday that president and CEO Diane Sullivan has been named chairman of the board, effective Feb. 2, 2014.

Current chairman Ron Fromm will step down but remain a member of Brown’s board.

Sullivan joined Brown Shoe in 2004 as president.

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7-Eleven to more than double North American store counts

BY Katherine Boccaccio

Tokyo — A Sunday report by Bloomberg said that 7-Eleven parent Seven & I Holdings Co. is planning more acquisitions here and may more than double the number of c-store stores it operates in North America.

The company “could increase our store number to 20,000 or even 30,000 [in North America],” chairman Toshifumi Suzuki told Bloomberg in an interview. 7-Eleven currently has more than 8,000 convenience stores in North America.

No time-frame for the planned expansion has been defined.

Seven & I has been acquiring smaller c-store chains in the U.S., adding more than 650 units in North America in the last fiscal year.

“There will be a huge potential in expansion in large cities in the U.S.,” Dairo Murata, analyst at JPMorgan Securities Japan Co., told Bloomberg.

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Tiffany to open Moscow store

BY Katherine Boccaccio

New York — Tiffany & Co. has announced plans to open a two-level store in Moscow’s GUM luxury department store, located in Red Square. At about 4,520 sq. ft., the new store is Tiffany’s first wholly owned retail business in Russia, and is expected to open in the first quarter of 2014.

“Establishing a presence at this preeminent department store is a milestone in our growth strategy as a leading global luxury brand and underscores the importance of the Russian market,” said Frederic Cumenal, executive VP Tiffany & Co.

The store’s interior will feature archival motifs as a nod to the jeweler’s heritage, including the color Tiffany Blue, polished stainless steel details with a wheat leaf pattern that frames the entrance of the jeweler’s Fifth Avenue flagship store, marble and amazonite floors, and custom furnishings inspired by the stained glass works of Art Nouveau designer Louis Comfort Tiffany, son of the company’s founder, Charles Lewis Tiffany.

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