FINANCE

Value City Cuts Headquarters Staff

BY CSA STAFF

Columbus, Ohio Value City Department Stores has cut its corporate staff, according to Business First of Columbus.

The company confirmed that an undisclosed number of employees were laid off Monday from the company’s Columbus-based headquarters, citing the difficult economy as the reason for the decision.

Retail Ventures Inc. transferred 81% ownership of the then-113-unit chain to an investment group, VCHI Acquisition Co., in January.

The business is now down to 37 stores and has announced no plans to close any more stores at this time.

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Ross named vp of retail for Kellwood

BY CSA STAFF

NEW YORK Bob Ross was named to the position of vp of retail for Kellwood Company, according to Michael Kramer, ceo of Kellwood. In this new role, Ross will be responsible for the retail operations of the Kellwood portfolio of brands, and the retail store expansion with a particular focus on Vince.

 Most recently, Ross served as vp of retail at Lacoste, where in 12 years he developed and implemented a retail strategy that resulted in exceptional growth in retail locations and sales. Prior to that, Ross was a regional manager at Britches of Georgetowne following 12 years with Lord & Taylor where he held positions in merchandising and in-store operations. There he eventually ascended to the position of general manager.

“We are very excited to have Bob join the Kellwood family,” Kramer stated. “Bob’s strong retail background and industry expertise will be key to positioning Kellwood brands for future growth in this important channel.”

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New Balance names new creative directors

BY CSA STAFF

BOSTON New Balance has named Savania Davies-Keiller and Roberto Crivello, founders and designers of the high-tech fashion brand DDCLAB, as creative directors for New Balance.

“Our main goal with New Balance Lifestyle is to deliver shoes that can be worn to support an active lifestyle with a focus on design material and color. For example,” says Davies-Keiller, “fall ’08 includes fabrics such as aluminum coated rip-stop and steel infused nylons, soft gloved leathers and unique meshes.”

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