REAL ESTATE

Casual Male to open 13 additional DXL stores by yearend

BY Marianne Wilson

Canton, Mass. — Casual Male Retail Group continues to roll out its DestinationXL format, with the opening of its eighth store, in Fairless Hills, Pa.

DXL is an all-inclusive destination that encompasses Casual Male’s four existing apparel businesses, Casual Male XL, Rochester Big & Tall, Shoes XL and B&T Direct.

The company plans to open up to 13 DXL stores during the balance of 2011, another 20-30 stores during 2012 and approximately 100 stores over a four to five year period.

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FINANCE

Net income up 33% at Ann Taylor

BY Marianne Wilson

New York City — Ann Inc., formerly known as Ann Taylor Stores Corp., reported that its second -quarter earnings rose 33% $24.8 million, helped by strong online sales and a jump in revenue at the company’s Loft stores. The company raised its full-year sales guidance, saying it is confident despite the challenging consumer environment.

It was the company’s eighth consecutive quarter of double-digit earnings growth

Sales were $558.2 million, topping expectations of $551.4 million from analysts. Same-store sales rose 8.6%. The measure rose 5.3% at Ann Taylor, up 0.6% at regular stores, 32% at the company’s website, and 6.5% at factory stores.

Same-store sales rose 11% at Loft, up 8.6% at Loft, 33.5% on the web and 23.7% at outlet stores.

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News

Fresh & Easy seeks to expand workforce

BY CSA STAFF

EL SEGUNDO, Calif. — Tesco’s U.S. subsidiary Fresh & Easy said it’s looking to fill more than 100 employee positions, including positions for four new California stores, the company announced Thursday.

Over the next several weeks, Fresh & Easy will open four new stores, which will be located in Los Angeles, Anaheim Hills, Calif., and Sunnyvale, Calif.

“We are pleased to continue to bring good jobs with affordable and comprehensive benefits to even more neighborhoods throughout California,” Fresh & Easy CEO Tim Mason said. “We pride ourselves in being a great place to work and we are consistently striving to create a culture in which people look forward to coming into work each day.”

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