REAL ESTATE

Uniqlo to open stores in Boston, Philly markets

BY Marianne Wilson

New York – Uniqlo announced it will enter two new markets, Pennsylvania and Massachusetts, starting this spring. The Japanese apparel giant will open three stores in the Philadelphia market and six stores in the Boston metro area. In addition, Uniqlo will open a pop-up shop at Faneuil Hall Marketplace, Boston, early this summer.

Uniqlo will enter Pennsylvania with three stores in the greater Philadelphia area:

• King of Prussia Mall, King of Prussia (May 16)
• 1608 Chestnut Street, Philadelphia (Oct. 3)
• Willow Grove Park Mall, Willow Grove (Oct. 10)

The retailer will enter Massachusetts with six stores in the Boston metro region:

• Natick Mall, Natick (Aug. 29)
• The Mall at Chestnut Hill, Newton (Aug. 29)
• Northshore Mall, Peabody, (Sept. 19)
• Legacy Place in Dedham (Oct. 24)
• 341 Newbury Street, Boston (spring 2015)
• Faneuil Hall, Boston (spring 2015)

Uniqlo previously announced it will enter the Los Angeles market in 2014. It also plans to open more stores in its existing markets of San Francisco, Connecticut, New Jersey and New York

Currently, there are 20 open Uniqlo stores in the United States, with a total of more than 1,300 locations around the globe. Uniqlo is a division of Fast Retailing Co., one of the world’s largest apparel retail companies.

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News

Webinar: What to Do NOW to Protect Stores Against Data Breaches

BY Staff Writer

New York — Chain Store Age will host a webinar sponsored by Voltage Security on the steps retailers can take to secure their store and online networks against costly data breaches. Speakers will also discuss key lessons learned from the recent breaches, and the latest developments in data security and retail fraud protection.

The webinar will be held on Tuesday, May 13, at 1 p.m. (EST) and 10 a.m. (PDT). Click here for more information and to register.

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FINANCE

Hudson’s Bay names CFO

BY Staff Writer

Toronto — Hudson’s Bay Company named Paul V. Beesley as CFO, effective in June.

Beesley is a senior executive with extensive experience in financial management and strategic development across a range of leading Canadian-based companies. From 2000 to 2014, he served in a number of executive roles with Empire Company Limited, a corporation with annual sales in excess of $19 billion and operations in retailing and related real estate, including chief corporate development officer of the Sobeys unit and executive VP and CFO of Empire.

“Paul Beesley is an accomplished professional who has contributed to the financial, strategic and operational progress of several leading corporations,” said Hudson’s Bay CEO Richard Baker. “His broad range of capabilities includes expertise in finance, capital markets and REITs. We are pleased to have Paul join HBC to help provide world-class fiscal leadership as we continue our development as a premier North American fashion retailer.”

Hudson’s Bay’s retail banners include Hudson’s Bay, Saks Fifth Avenue, Lord & Taylor and Saks Fifth Avenue Off 5th

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