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ILORI/Select Comfort

BY CSA STAFF

An artist-inspired store design provides an indulgent shopping experience at ILORI, which specializes in upscale sunglasses and accessories. The interior celebrates craftsmanship and originality, and features changing art installations and lighting technology that coexist to create an ever-evolving sense of discovery and luxury. The product is showcased in unique ways, with one wall dedicated to an organic composition of backlit acrylic display boxes. The in-store experience culminates at a sensually curving gold luxury wall.

Anew format repositions the Select Comfort brand, making it more relevant to today’s market while creating an engaging environment that has a contemporary, home-aesthetic feel. The design creates a “modern sanctuary” that aligns the shopping experience of buying a mattress to the actual user experience at home. Beds are located at the rear of the space, creating a sense of privacy and a cocooned environment for the customer. Lush materials and finishes put the quality of the retail experience on par with the quality of the product.

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Stage Stores says Peebles evp to retire

BY CSA STAFF

HOUSTON Stage Stores today announced that Dennis Abramczyk, evp and coo of its Peebles Division, will be retiring after approximately nine years with the company. He will continue to serve in his position until a replacement is found.

Jim Scarborough, chairman and ceo, commented, We want to thank Dennis for his contributions and service to our company, and we wish him well as he begins this new phase of his life. We will immediately begin a search for his successor, and we are pleased that Dennis will be staying on until the conclusion of our search process, as this will ensure a smooth and orderly transition.

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Home Depot to cut 500 HQ jobs

BY CSA STAFF

ATLANTA Home Depot is cutting 500 jobs at its headquarters. According to reports the cuts make up 10% of the 5,000 employees who work at the headquarters.

The cuts are partly due to the struggling U.S. economy, which has hurt market conditions, reports said. Employees were notified of the eliminations today, they will be paid through April 4.

Home Depot reported fiscal 2007 third quarter consolidated net earnings of $1.1 billion, or 60 cents per diluted share, compared with $1.5 billion, or 73 cents per diluted share, in the same period in fiscal 2006.

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