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Urban Outfitters Denies Interest in J. Jill

BY CSA STAFF

New York City, According to CFO John Kyees, specialty retailer Urban Outfitters Inc. is not interested in buying J. Jill. It was reported earlier today that retailer J. Jill is up for sale and that Urban Outfitters was among potential buyers.

Kyees said, “We have no interest in J. Jill. We have been very successful at developing our business organically. From our perspective, buying someone else really doesn’t make a lot of sense.”

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2Q Profit Up at Williams-Sonoma

BY CSA STAFF

Bentonville, Ark., Williams-Sonoma said quarterly profit rose nearly 12% on strong demand at its Pottery Barn and Pottery Barn Kids stores. Net revenues for the second quarter ended July 31, 2005, increased 12.6% over the second quarter of fiscal year 2004 to $776.2 million. Earnings rose to $30.8 million, or 26? a share, for the quarter, up from $27.6 million, or 23? a share, a year earlier.

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Saks Department Store CEO Resigns

BY CSA STAFF

Birmingham, Ala., Saks Inc. announced the resignation of George Jones, president and CEO of the retailer’s Saks Department Store Group. The resignation is effective Sept. 30.

Replacing Jones effective Sept. 15 will be Toni Browning. Browning held the post of president and CEO of Saks’ Proffit’s/McRae’s unit, which was sold to Belk last month.

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