Selfridges named Best Department Store in the World
London — The British department store Selfridges received the “Best Department Store in the World” award at the Global Department Store Summit in Paris.
Selfridges took the top slot amongst finalists from around the globe, including Macy’s and Woolworths (South Africa). The U.K. retailer also won the award, which is given out every two years, in 2010.
“The Selfridges brand has gone from strength to strength worldwide, and this prestigious retail award recognizes its true value as a performer and innovator,” said Galen Weston, owner of Selfridges. “The award criteria represents our highest priorities: a strong profile, successful development and execution of products, stores and service innovation strategies, delivery of outstanding in-store experiences, excellent customer service and strong financial performance.”
Selfridges operates four stores, with locations in London, Birmingham and Manchester, as well as an online business.
It’s official: Liz Claiborne is now Fifth & Pacific
New York — Liz Claiborne Inc. said Tuesday that it has officially changed its name to Fifth & Pacific Cos., following an initial announcement in January that it would do so.
The company sold the Liz Claiborne and Monet brands to J.C. Penney Co. in November, freeing it up to concentrate more fully on its Juicy Couture, Lucky Brand and Kate Spade labels.
“As we say a final goodbye to the iconic Liz Claiborne name, we know the time is right for a change, and we welcome our bright new future as Fifth & Pacific Companies,” CEO William McComb said in a statement.
Walmart expands solar footprint to Massachusetts
New York — Walmart plans to install solar panels on about half of its stores in Massachusetts, making it the largest user of solar power in the state.
Walmart is partnering with Greenskies Renewable Energy LLC, Middletown, Conn., on the project, which involves 27 stores.
“On average, the systems we’ll be using in Massachusetts will provide from 10% to 15% of each store’s power requirements,’’ said David Ozment, Walmart’s director of energy programs. “We’re very optimistic that we’re going to save some dollars over time.”