Kohl’s expands Vera Wang partnership to juniors category
Menomonee Falls, Wis. — Kohl’s Corp. said Wednesday that it has expanded its partnership with Vera Wang Group to launch Princess Vera Wang, a junior collection that will be sold exclusively by Kohl’s beginning August 2012.
The line will be available both in-store and online.
“When we first partnered with Vera Wang in 2007 to launch Simply Vera Vera Wang, there was immediate acceptance and strong response from our contemporary customer,” said Kevin Mansell, Kohl’s chairman, president and CEO. “We are confident bringing this level of fashion and quality to our junior’s business allows us to increase the value proposition to our younger shoppers and delivers on our commitment to offer world-class brands in each category.”
Kohl’s private label brands accounted for 52% of sales in the third quarter of 2011, up significantly from 2010. Since its 2007 launch, Simply Vera Vera Wang has been the leading exclusive brand in the women’s contemporary category, according to Kohl’s.
Stater Bros. releases Q4, full-year results
SAN BERNARDINO, Calif. — Fourth quarter and fiscal year 2011 both proved positive for Stater Bros., the regional supermarket chain announced Tuesday.
For the fourth quarter ended Sept. 25, the retailer saw a 5% increase in sales to $941.9 million, compared with the year-ago period. For the 52-week fiscal year, sales rose 2.4% to $3.7 billion, the company said. Same-store sales for the fourth quarter and fiscal year experienced a 5% and 2.5% jump in same-store sales, respectively.
Net income for the fourth quarter rose to $6.5 million from $5.9 million in the year-ago period, while fiscal year 2011 net income rose to $26.3 million from $24.6 million in the 2010 fiscal year.
"The economy in our marketing area remains challenging, and we continue to focus on the value we can pass on to our ‘valued customers’ to assist them and their families during these difficult times, so they can get the most out of their shopping dollars," Stater Bros. chairman, president and CEO Jack Brown said. "Our ‘valued customers’ deserve a friendly and satisfying experience on each and every one of their visits to our supermarkets. It is our mission to control costs where we are able as we weather the effect of these tough economic times."
Stater Bros. currently operates 167 full-service supermarkets across Southern California
Safeway names Denver division president
Pleasanton, Calif. — Safeway Inc. said Wednesday it has appointed Al Duran to president of the company’s Denver Division. He replaces Scott Grimmett, who is leaving Safeway for another opportunity.
Duran joined Safeway’s Denver Division in 1979, and worked his way through the company’s ranks including senior retail operations and marketing positions in the Safeway’s Phoenix and Dominick’s divisions. He joined Safeway’s corporate team in 2009 as VP retail initiatives.