REAL ESTATE

Canada’s Birks to debut new format

BY Staff Writer

Montreal — Canadian jewelery retailer Birks will introduce a new retail concept in the summer of 2013, with new stores opening in DIX30 Complex, Brossard, Quebec, and in the new Mapleview Mall in Burlington, Ontario.

The new format, developed in collaboration with Sid Lee Architecture, will feature round 1,500 sq. ft. of retail space and be dedicated to jewelry from the Birks Collection.

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Target delivers the dividends

BY CSA STAFF

The Target board of directors demonstrated its faith in the company’s cash generating capabilities on Wednesday and agreed to up the company’s quarterly dividend 19% to 43 cents a share.

The hefty increase ups the annual payout to $1.72 and moves the company closer to a long-term commitment to increase the full-year dividend amount to $3 by 2017. In addition, the company has established a target of growing earnings per share to $8 over the same time frame, up from $4.26 last year.

The dividend increase was announced in advance of the company’s shareholders’ meeting held Wednesday at a Target store located at 7777 East Hampden Avenue in Denver.

Target chairman, president and CEO Gregg Steinhafel said the company’s strategic clarity and powerful brand would help it deliver results going forward and the REDcard Rewards program, which currently stands at a 17.1% penetration rate, would allow the company to promote loyalty.

Steinhafel added that the company would take smart risks, pursue bold and innovative ideas and continue to raise the bar on differentiation.

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Huggies taps former Miss Universe as new spokesperson

BY CSA STAFF

DALLAS — Huggies has tapped former Miss Universe Zuleyka Rivera as its latest brand ambassador. Rivera will be promoting Huggies’ new diapers and wipes.

"This past year has been filled with some amazing moments, like the birth of my son, Sebastian," Rivera said. "Parenting has been full of surprises — the good, the bad and the messy. That’s why I rely on Huggies diapers and wipes to help us pass any test and keep Sebastian clean and dry."

Huggies will be leveraging social media in the advertising campaign, broadcasting a series of webisodes featuring the former beauty queen and her son on the brand’s Latino Facebook page.

"Zuleyka is just like so many other parents out there — juggling a busy career and even busier role as a mom," said Lizette Williams, Huggies senior brand manager, multicultural at Kimberly-Clark. "We’re thrilled to partner with her and help share her everyday experiences with Sebastian and tips and advice with other parents everywhere."

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