Sears names president of apparel unit
Hoffman Estates, Ill. — Sears Holdings Corp. said Tuesday that it has named Lana Cain Krauter as senior VP and president of its Sears Apparel division. Effective Feb. 1, she will lead the charge in growing the division both in-store and online.
Krauter was previously president and chief merchandising officer for Bealls Department Stores.
She will be based in San Francisco.
Macy’s to expand e-commerce organization, add 725 jobs
New York City — Macy’s said Tuesday that it plans to expand its website offerings and would add about 725 new positions over the next two years to implement the e-commerce expansion plan.
The department store retailer said the positions would be added in New York City and San Francisco to expand macys.com and bloomingdales.com. About 260 of the jobs will be in New York City, said Macy’s. The positions will be for macys.com and will concentrate on merchandising and marketing. Another 200 macys.com positions will be added in downtown San Francisco at its site development and operations facility.
Bloomingdales.com expects to add about 115 positions at its merchandising, marketing and operations facility in New York City. Other jobs will be added in additional facilities.
Macy’s said its online sales climbed about 29% in the first 10 months of fiscal 2010. The company announced previously that it would build a new $150 million online fulfillment center near Martinsburg, W. Va., and will hire 1,900 full- and part-time employees there. The company is also expanding a fulfillment center near Portland, Tenn.
Dress Barn changes its name to Ascena Retail Group
New York City — Dress Barn on Monday announced it has been renamed Ascena Retail Group Inc. and will trade on the Nasdaq Global Select Market under the ticker ASNA.
The company said it had reorganized under the new holding company, but was not making changes to operations, directors or officers. The names of its three specialty chains — Dressbarn, Maurices and Justice, also are unchanged.
“In recent years, we’ve become a fundamentally different company that extends well beyond the original Dressbarn concept and brand,” CEO David Jaffe stated. “We have become a family of retail brands, each serving a unique customer niche, each essential to our combined success.”