REAL ESTATE

VF Corp. to open 400 U.S. stores over next five years

BY CSA STAFF

New York City — VF Corp. plans to open 400 U.S. stores across its various brands during the next years. The company, whose stable of banners include Vans and The North Face, discussed its plans at an investor conference held recently in New York City.

In addition to the U.S. expansion, VF is looking to open some 225 stores in Europe and 80 in Asia. The expansion is expected to bring the company’s global store count to 1,500 units.

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News

Do it Best names three new merchants

BY CSA STAFF

Fort Wayne, Ind.-based Do it Best Corp. announced the appointment of new merchandise managers to replace three retiring managers, effective April 1, 2011.

The co-op appointed Gary Loosle for lawn and garden – green goods, Josh Meyer for paint and sundries, and Chris Steinlicht for rental and store supplies.

In their new positions, Loosle, Meyer and Steinlicht will lead the hardware and lumber buying cooperative’s efforts to improve member profitability in their respective areas through Do it Best Corp. retail service centers (RSCs) and drop-ship programs. Responsibilities include vendor selection, negotiations, new product introductions and planogram development.

Loosle replaces Randy Kipfer who is retiring after a 35-year career with Do it Best Corp. Loosle joined the co-op in 2005 as a merchandise manager in the electrical department. He most recently was merchandise manger in the fastener, pet, farm and ranch department.

Prior to joining Do it Best Corp., Loosle worked in the hardware industry on a corporate level and in his family’s hardware stores in Utah. He holds a bachelor’s degree in business management from Weber State University and a master’s in logistics management from Michigan State University.

Meyer succeeds Dick Wise, who is retiring after 33 years with the hardware and lumber co-op. Meyer began his career with Do it Best Corp. in 2002. He has been an associate merchandise manager in both the paint and plumbing departments.

Meyer worked in the banking industry and as a professional painter before joining Do it Best Corp. He graduated from Anderson University with a bachelor’s degree in finance.

Steinlicht fills the position of the retiring John Augsburger, who worked for Do it Best Corp. for 31 years. He came to the co-op in 2008 as associate merchandise manager for hand tools. Steinlicht was in management for a national electronics chain and the banking industry prior to joining Do it Best Corp. He holds a bachelor’s degree in marketing from Indiana Tech.

“We thank Dick, John and Randy for their nearly 100 years of combined service to our members and for their contributions to the company,” said Steve Markley, VP merchandising for Do it Best Corp. “I know Gary, Josh and Chris are excited about their new roles as they work to continue to strengthen our vendor programs and offerings. Their experience, skills and industry knowledge will serve our members well."

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FINANCE

Forever 21 donating 100% of Friday online sales to Japan relief

BY CSA STAFF

New York City — Fast-fashion retailer Forever 21 has pledged to donate 100% of its global online sales on March 18 to help the victims of Japan’s earthquake and tsunami.

All of Forever 21’s e-commerce sites — forever21.com, canada.forever21.com, forever21.com/eu, forever21.com/uk, forever21.co.kr, and forever21.co.jp — are participating in the initiative.

A statement from the Los Angeles-based company said: "The time to take action and send help to those who need it most is right now. Forever 21 strives to put forth the first of its relief efforts by donating all online sales made on March 18 to deliver support and hope to Japan. Online shoppers around the world can now seize this opportunity to rekindle a glimmer of hope, faith and strength into the hearts of the people of Japan."

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