REAL ESTATE

Kendra Scott Jewelry opens two Atlanta stores

BY Katherine Boccaccio

Atlanta — Boutique accessories and jewelry designer Kendra Scott will add two new Atlanta-area stores – one in Buckhead at The Shops Around Lenox, and the other in Alpharetta, at the Avalon Center.

The Shops Around Lenox store opens April 26, and will feature an interactive Kendra Scott Color Bar, where customers can design and personalize one-of-a-kind jewelry.

The Avalon Center store in Alpharetta is slated to open fall 2014.

"It’s so exciting to bring our bold jewelry to an area with such a rich, lively culture,” said Kendra Scott, founder and CEO. Her products are currently sold at upscale retailers such as Neiman Marcus, Nordstrom, Bloomingdale’s and more than a thousand specialty boutiques worldwide.

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OPERATIONS

Jewel-Osco names VP of marketing and merchandising

BY Staff Writer

Itasca, Ill. — Jewel-Osco has named company veteran Doug Cygan as VP of marketing and merchandising. His appointment accompanies the grocer’s recent selection of the company’s VP operations Scott Hays under president Shane Sampson’s leadership.

Cygan began his career with Jewel-Osco in 1980 as a grocery clerk. He was promoted to store director, and then held positions of increasing responsibility throughout the company, including VP fresh food merchandising and VP merchandising.

When New Albertson’s Inc. assumed ownership of Jewel-Osco, Cygan was named director of grocery.

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News

Mobile momentum continues at Facebook

BY CSA STAFF

Usage of Facebook’s social media platform continued to expand during the first quarter with mobile advertising now accounting for 59% of the company’s revenue.

Facebook’s revenues grew 72% to $2.5 billion from $1.5 billion and earnings increased to 25 cents a share from 9 cents a share with operating margins expanding to 43% from 26%. The company also highlighted the fact that mobile advertising revenue now accounts for 59% of total revenue compared to 30% during the same period the prior year.

"Facebook’s business is strong and growing, and this quarter was a great start to 2014," said Mark Zuckerberg, Facebook founder and CEO. "We’ve made some long term bets on the future while staying focused on executing and improving our core products and business. We’re in great position to continue making progress towards our mission."

Usage of the Facebook platform continued to grow across a range of metrics the company tracks. Daily active users during March increased 21% to 802 million, with mobile daily active users increasing 43% to 609 million. Monthly active users stood at 1.28 billlion, a 15% increase from the prior year with mobile monthly active users up 34% to slighly more than one billion.

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