Tiffany & Co Names New Head of Japan
New York City, Tiffany & Co. has appointed Michael Christ as president of its Japanese division, which operates roughly 54 stores in that country. Christ joined the luxury retailer in 1995 and most recently served as group VP of U.S. retail sales. He replaces Katsuhiko Nitta, who will return to New York after a transition period and resume his role as a vice president in its international division, the company says.
During the recent third quarter, Tiffany& Co. reported a 3% increase in international same-store sales, and overall sales of $190.9 million, a 10% increase. However, retail sales were down 2% in Japan.
Brooks Bros. Opens Second Store in Italy
Florence, Italy, Apparel retailer Brooks Bros. has opened a new flagship store in Florence, Italy, at Via della Vigna Nuova, an upscale shopping center. The company already operates a store in Milan, which opened in fall 2003. Brooks Bros. also operates international stores in Hong Kong, Japan and Taiwan.
Wet Seal President Resigns
Foothill Ranch, Calif., Allan D. Haims quit his job at The Wet Seal. His resignation from the post of president of Wet Seal stores is effective immediately.
Earlier this month, Peter Whitford resigned from his job as CEO and chairman of the youth-oriented retailer. Joseph Decko, who has experience in finance and operations at retailers Disney Stores and Victoria’s Secret, currently serves as Wet Seal’s interim CEO.