OPERATIONS

Former Brooks Bros. exec named chief of The Limited

BY Katherine Boccaccio

Columbus, Ohio — The Limited said Wednesday it has appointed former Brooks Bros. president and COO Diane Ellis as its new CEO, effective Aug. 26.

In her role at Brooks Bros., Ellis oversaw information technology, human resources, retail and outlet stores, planning and allocation, product development, sourcing, supply chain, e-commerce and finance.

The appointment follows news that The Limited plans to grow its store base in 2013 and extend its reach in the outlet segment. The company plans to open four outlet stores and eight traditional format stores this year.

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FINANCE

Ralph Lauren profit dips in Q1

BY Katherine Boccaccio

New York — Ralph Lauren Corp. reported Wednesday that profit for the quarter ended June 29 dipped 6% to $181 million, compared with $193 million in the year-ago period.

Sales edge up 4% in the period, to $1.61 billion, but missed Wall Street’s estimated $1.65 billion in revenue. Same-store sales slipped 1%.

The fashion retailer has issued a cautious sales outlook, projecting a low-single-digit increase in current quarter revenue from last year’s $1.86 billion.

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REAL ESTATE

Dunkin’ Donuts to add eight units in Rochester, N.Y.

BY Katherine Boccaccio

Canton, Mass. — Dunkin’ Donuts said it will open eight new restaurants in Rochester, N.Y., via a multi-unit store development agreement executed with existing franchisee Luis Ribeiro.

Ribeiro currently owns 25 of the 61 Dunkin’ Donuts in the Greater Rochester area.

"We expect 10 to 20 new Dunkin’ Donuts restaurants to open in Rochester over the next few years," said Grant Benson, VP franchising and business development, Dunkin’ Brands.

In June, the company unveiled a series of four new restaurant design options – labeled Original Blend, Cappuccino Blend, Dark Roast and Jazz Brew – to allow franchisees to select individual elements from any of the four options in order to create a restaurant design that reflects personal tastes and preferences. The four options incorporate variations in layout, color schemes, graphics, textures, furniture and lighting.

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