Victoria’s Secret Pink division names CEO
Columbus, Ohio — Limited Brands said Wednesday it has promoted Denise Landman to CEO of its Victoria’s Secret Pink brand.
Landman, who is a 12-veteran of Limited Brands, most recently served as president of Pink.
The brand, which surpassed $1 billion in sales mark last year, has 22 stores nationwide as well as a presence in most Victoria’s Secret stores and online.
Report: Online labor demand up 208,800 in March
Washington, D.C. — A report released Wednesday by The Conference Board said that online advertised vacancies rose 208,800 in March to 4,454,500.
According to The Conference Board Help Wanted OnLine Data Series, the March rise follows a large January increase and a small change in February, and brings the gain in labor demand in the first quarter of 2011 to over 600,000.
“Thus far in 2011, labor demand is looking strong,” said June Shelp, VP at The Conference Board. “In the first quarter of 2011, the monthly increase in advertised vacancies has averaged about 200,000/month. That’s good news after the overall anemic growth in labor demand over the last 11 months of 2010.”
In March, added Shelp, almost half of the advertised vacancies were new ads that were not there the previous month (new ads up 98,200).
Gap opens online store on China’s Taobao site
San Francisco — Gap said Wednesday it has opened an online store on China’s largest retail website.
Gap’s Taobao Mall store, gap.tmall.com, will offer items from Gap, GapKids and baby gap.
"Given China is the cornerstone of Gap’s global growth strategy, we believe that partnering with Taobao, with its phenomenal reach all throughout the country, is an important next step as we build on the success we’ve seen so far with our store openings and e-commerce offering," Redmond Yeung, president of Gap China, said in a statement.
Gap has four company-owned Gap stores in Shanghai and Beijing and a website at www.gap.cn.