News

Three New Saks OFF 5TH Stores Slated

BY CSA STAFF

New York City Saks Inc. said Tuesday that it will open three new Saks Fifth Avenue OFF 5TH stores in 2009.

The stores will be located in The Legends at Sparks Marina in Reno-Sparks, Nev., in May 2009; in Cincinnati Premium Outlets in Monroe, Ohio, in August 2009, and in Grand Prairie Prime Outlets in Grand Prairie (metropolitan Dallas), Texas in November 2009. Each store will be 28,000 sq. ft.

The stores will be located in The Legends at Sparks Marina in Reno-Sparks, Nev., in May 2009; in Cincinnati Premium Outlets in Monroe, Ohio, in August 2009, and in Grand Prairie Prime Outlets in Grand Prairie (metropolitan Dallas), Texas in November 2009. Each store will be 28,000 sq. ft.

Each new OFF 5TH location will be designed after Sak’s new prototype store, which is a “luxury loft environment” that highlights the merchandise and makes shopping easy. The store is bright and uncluttered, with no hard aisles and one consistent hard-surface floor throughout. All fixtures are on casters, ensuring ease in movement, and all hardware is interchangeable between fixtures.

Saks currently operates 54 Saks Fifth Avenue stores, 48 Saks OFF 5TH stores, and saks.com. The company also operates Club Libby Lu specialty stores.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Wal-Mart, WWF team up to protect forests

BY CSA STAFF

WASHINGTON & BENTONVILLE, Ark. Wal-Mart Stores joined the Global Forest & Trade Network, the World Wildlife Fund’s initiative to save the world’s most valuable and threatened forests. By joining the GFTN, Wal-Mart has committed to phasing out illegal and unwanted wood sources from its supply chain and increasing its proportion of wood products originating from credibly certified sources–for Wal-Mart stores and Sam’s Clubs in the United States.

With nearly half of the worlds forests already gone, action is urgently needed, said Suzanne Apple, WWFs vp for business and industry. Wal-Marts commitment to support responsible forestry answers that call to action. WWF welcomes the company to a global community committed to healthy business and healthy forests. 

The United States is the largest consumer of industrial timber, pulp and paper in the world. The United States is also among the top destinations for imports of wood from areas where illegal logging and trade are common, such as Indonesia, China and Brazil. Thus, the U.S. market is critical to protecting forests worldwide. Wal-Marts commitment includes the importation and sale of all wood-based products with an initial focus on wood-based furniture. Wal-Mart sources furniture from the Amazon, Russian Far East, northern China, Indonesia and the Mekong region of southeast Asia. These areas include some of the most biologically diverse places on earth, places that WWF is working to protect.

Within one year, Wal-Mart will complete an assessment of where its wood furniture is coming from and whether the wood is legal and well-managed. Once the assessment is completed, Wal-Mart has committed to eliminating wood from illegal and unknown sources within five years. The company will also eliminate wood from forests that are of critical importance due to their environmental, socio-economic, biodiversity or landscape values and that arent well-managed.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Michaels names Crowley new cfo

BY CSA STAFF

IRVING, Texas Michaels Stores has announced that Elaine D. Crowley has been named evp and cfo of the company, effective Aug. 18.

Crowley was most recently senior vp, cfo and treasurer for The Bombay Co. During her 18-year tenure with Bombay, she had direct responsibility for accounting and control, financial planning and analysis, tax, loss prevention, risk management, internal audit, SEC reporting, investor relations and treasury. She also initiated processes to strengthen sales and financial forecasts, expense control, inventory management and cash flow to respond to changing financial needs of the business. Crowley is a CPA with a B.B.A. in accounting from Texas Christian University.

“As the largest retailer of arts and crafts in North America, I believe that Michaels has tremendous opportunities ahead as it continues to expand its global sourcing network and increase market share,” noted Crowley. “I am looking forward to joining the Michaels team and to contributing to its future success.”

“We are very excited to have a chief financial officer with Elaine’s background and experience join our team,” said Michaels ceo Brian C. Cornell. “In addition to her financial acumen, her understanding of supply chain, sourcing, and extensive retail experience make her a great fit for Michaels.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...