Stride Rite to open in China
Topeka, Kan. — Collective Brands, parent company to Payless ShoeSource and Stride Rite, said Tuesday it is planning to take its Stride Rite children’s shoe brand to mainland China next year.
According to Bloomberg, the company is teaming up with Li & Fung Retailing and will also open stores in Hong Kong, Malaysia and Singapore starting in December, according to Matthew Rubel, CEO of Collective Brands.
The retailer is entering China with a “prestige” brand to meet demand from a growing middle class, according to Rubel.
The company has not identified number of stores at this time.
Report: Von Maur seeks to enter Atlanta market
Atlanta — Midwest department store operator Von Maur will enter the Atlanta market, taking over a former Belk’s space at North Point Mall in Alpharetta, Ga., pending approval by the city’s design review board, Atlanta Business News reported.
If the design is approved, company president Jim von Maur said, the chain would seek to open the store in November 2011, according to company president Jim von Maur. Von Maur would use the Alpharetta location as a flagship location in the South, according to the report, and von Maur said he envisions three stores in the Atlanta market.
"We’ve seen exciting growth in the South. We want to be part of that," von Maur said, in the report. "Never in our wildest dreams did we think we would open a store in Atlanta, Ga. It’s a dream come true."
Von Maur is based in Davenport, Iowa.