STORE SPACES

Nordstrom to open two full-line stores

BY Katherine Boccaccio

Seattle — Nordstrom said Tuesday it will open two new full-line stores – one in Jacksonville, Fla., and the other in Woodlands, Texas.

The Florida store will open at St. Johns Town Center, a Simon Property and Ben Carter-owned shopping center. The 124,000-sq.-ft. store will be two levels and is expected to open in fall 2014.

"We’ve had our eye on Jacksonville for a long time, so it’s gratifying for us to now have this opportunity to open our doors at St. Johns Town Center," said Erik Nordstrom, president of stores for Nordstrom.

The department store retailer will open its new Texas store at The Woodlands Mall, owned by General Growth Properties and located in The Woodlands.

The two-level, 138,000-sq.-ft. store is slated to open in fall 2014 and will be the company’s fourth store serving the greater Houston area.

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FINANCE

Fashion Bug inventory being liquidated in preparation for obsolescence

BY Katherine Boccaccio

Bensalem, Pa. — SB Capital Group, Tiger Capital Group and Great American Group jointly announced Tuesday that, in tandem, they will begin to sell off all of the inventory in the 568 Fashion Bug stores in the United States.

The Charming Shoppes unit will be divested and fully closed.

As part of the process, Fashion Bug has retained more than 5,900 store and district personnel to assist in operating the stores through the completion of the sale process.

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OPERATIONS

Saks, Facebook, Express, Kate Spade New York execs named to Shop.org board

BY Staff Writer

Washington, D.C.Shop.org, the digital division of the National Retail Federation, on Tuesday announced the addition of new executives to its board of directors and welcomed back three incumbents.

Newly elected shop.org board members include: Brad Brown, senior VP e-commerce and direct sales, REI; David Brussin, CEO and founder, Monetate; Michael Burgess, president, Saks Direct; Peter Cobb, co-founder, executive VP, eBags; Kevin Ertell, VP e-commerce, Sur La Table; Nicolas Franchet, head of e-commerce, global vertical marketing, Facebook; Lisa Gavales, executive VP and CMO, Express; Billy May, VP, e-commerce and customer marketing, Abercrombie & Fitch; Sucharita Mulpuru, VP and principal analyst, Forrester Research; Johanna Murphy, VP e-commerce, Kate Spade New York; and John Rogers, VP/general manager global e-commerce, Under Armour.

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