J&R Electronics moves forward with Microsoft Dynamics AX for Retail
New York City — J&R Electronics stays customer-centric by partnering with Microsoft to keep its customer data up-to-date and available to staff both online and in the stores.
Click here to find out how the retailer is looking to Microsoft technology, specifically Microsoft Dynamics AX for Retail, to help its drive their business moving forward.
Long-time fashion exec to head Nine West Direct
NEW YORK — The Jones Group Inc. announced that it has appointed Sally Ross EVP merchandising for Nine West Direct, effective immediately. Ross’ focus will be on leading the merchandise initiatives for Nine West Retail, Nine West Outlet and NineWest.com, and she will report directly to Ron Offir, President, Jones Direct Group, the company reported.
"We are excited to be welcoming Sally to the Jones team," said Richard Dickson, president and CEO of branded businesses at The Jones Group. "Sally’s breadth of experience in the industry is an important addition to Jones’ expanding merchant talent. Her proven judgment, aptitude in managing and growing businesses and ability to identify future fashion trends will be essential in positioning Nine West’s role as the premier destination of fashion footwear for our target consumers."
In her role as EVP merchandising for Nine West Direct, Ross will oversee the merchandising, planning and allocations teams of the different Nine West businesses.
Most recently, Ross was VP divisional merchandise manager at Bergdorf Goodman, where she was responsible for the women’s footwear business, significantly increasing the sales volume in the footwear division during her six-year tenure. Previously, she was director of merchandising at Liz Claiborne Inc. for Lucky Brand and Liz Claiborne Fashion Accessories, where she was responsible for executing the brands’ global merchandising strategy. Ross began her career at Bergdorf Goodman as a buyer for women’s accessories and moved up the ranks in various senior merchandising roles at The Gap, J.Crew, Ann Taylor, Calvin Klein, Inc. and Club Monaco.
Borders files for Chapter 11
New York City — Borders Group filed for Chapter 11 bankruptcy on Wednesday. The troubled bookseller plans to close 30%, or about 200, of its most underperforming stores during the next few weeks. The long-expected filing will allow Borders to access new capital and reorganize its operations, Borders Group president Mike Edwards said in a statement.
"It has become increasingly clear that in light of the environment of curtailed customer spending, our ongoing discussions with publishers and other vendor related parties, and the company’s lack of liquidity, Borders Group does not have the capital resources it needs to be a viable competitor," he said.
The chain has appointed Ken Hiltz, the managing partner of Southfield-based turnaround firm AlixPartners, as Borders Group senior VP — restructuring of the company.
Borders listed $1.27 billion in assets and $1.29 billion in liabilities in its Chapter 11 filing, which was done in the U.S. Bankruptcy Court, Southern District of New York. It has fewer than 50 creditors, mostly publishers. The top creditor is Penguin Putnam, which is owed $41.1 million.
Borders recently announced it had received a commitment for $505 million in "debtor-in-possession financing" from GE Capital’s Restructuring Finance division.
“We are confident that with the protection afforded under Chapter 11 and with the support of employees, publishers, suppliers and creditors and the reading public, a successful reorganization can be achieved enabling Borders to emerge from the process as a stronger and more vibrant book seller,” said Edwards.