REAL ESTATE

Westfield San Francisco Centre announces fashion debuts

BY Staff Writer

San Francisco — Los Angeles-based Westfield Group said that Westfield San Francisco Centrewill welcome a lineup of new luxury retailers to the mall.

This fall, menswear retailer Onassis Clothing will open a 2,500-sq.-ft. store. Located next to Bloomingdale’s on Level 2, the new Westfield San Francisco Centre store will be the brand’s third location and its first outside of New York.

Burberry Brit, a casual sportswear concept, opens a standalone 2,500-sq.-ft. store selling apparel, handbags and shoes on Level 1.

RED Valentino has recently begun construction on a 950-sq.-ft. store located on Level 1 that is scheduled to open before the holiday season.

And in September, Tiffany will open a 3,500-sq.-ft. store on Level 1 next to Bloomingdale’s.

On September 10, Nordstrom plans to debut the Bay Area’s first Topshop, with a 2,500-sq.-ft. shop-in-shop. Spanish footwear brand Camperis coming to Level 2. With a 700-sq.-ft. store slated to open by the holidays.

Victoria’s Secretis enlarging its footprint to 10,800 sq. ft., adding a dedicated Victoria’s Secret Pink boutique. Express will unveil a new 15,600-sq.-ft. duplex later this year, and Watch Station is opening a new store on Level 3 by fall.

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Kohl’s adds Elle line to cause merchandise

BY CSA STAFF

MENOMONEE FALLS, Wis. — Kohl’s Department Stores has partnered with Elle magazine to offer a new line of apparel and accessories designed to raise money and awareness for the fight against breast cancer.

Available for only $5 and $10 each, the Elle collection features a variety of chic and stylish apparel and accessories that support women’s health. From tees, pajama pants and shorts to scarves, candles and totes, all items are designed in fashionable fall colors and Parisian prints while sporting the signature pink ribbon. In Wisconsin Kohl’s stores, the breast cancer cause merchandise has its own center aisle display where all items are located in one spot to make it easy for customers to support the cause.

“We are excited to unveil our newest collection, designed by Elle, from our Kohl’s Cares cause merchandise program,” said Julie Gardner, Kohl’s EVP and chief marketing officer. “This new and exciting collection supports the fight against breast cancer in a fashion-forward way and offers customers the opportunity to be stylish and value-conscious while supporting women’s health this season.”

Kohl’s cause merchandise supporting the fight against breast cancer is available year-round, with 100% of the net profit donated to the cause.

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Macy’s delivers 22% earnings growth, raises guidance

BY CSA STAFF

CINCINNATI — After delivering a 22% increase over the prior year in diluted per share for it second quarter (from 55 cents to 67 cents), Macy’s Inc. has raised its full-year earnings guidance for 2012.

The company now expects earnings per diluted share to range from $3.30 to $3.35, compared with previous guidance for earnings per diluted share of $3.25 to $3.30. Guidance for same-store sales in fiscal 2012 remains unchanged at an increase of approximately 3.7%.

Macy’s reported second-quarter sales of $6.1 billion, up 3% from total sales of $5.939 billion in the second quarter of 2011. On a same-store basis, second-quarter sales were up 3% in 2012 as compared with the second quarter of 2011.

“We were pleased with our spring season results, and they came on top of exceptionally strong spring season performances in each of the past two years. This indicates that our business continues to have forward momentum, even with challenges that include a soft economy, lower spending by international tourists, and temporary disruptions associated with the major remodeling of our Herald Square flagship store in New York City which was initiated in March,” said Terry Lundgren, Macy’s Inc. chairman, president and chief executive officer. “In response to these challenges, we have stayed very firmly focused on driving profitable sales growth while running the business with discipline to maintain margins and manage expenses."

In the second quarter, the company opened two new Bloomingdale’s Outlet stores. In the first half, two new Macy’s stores also opened in the Milwaukee and Salt Lake City markets. In the second half of 2012, the company is opening three new Bloomingdale’s Outlet stores and closing a Macy’s store in Santa Ana, Calif, as previously announced.

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