William Ackman, Steven Roth named to J.C. Penney board
Plano, Texas — J. C. Penney Co. announced Wednesday that its board of directors has elected William A. Ackman, founder and CEO of Pershing Square Capital Management, and Steven Roth, chairman of the board of Vornado Realty Trust, as directors.
The appointments had been previously announced on Jan. 24.
Gap adds eight more European countries to online presence
San Francisco — Gap said Wednesday that it has expanded its Gap and Banana Republic online presence to eight additional European countries through its dedicated European e-commerce sites.
Gap debuted the dedicated sites in the United Kingdom in August 2010 and then expanded to include nine additional European countries in October 2010. The newest announcement brings the total reach of it European e-commerce business to 18 countries.
“We’re excited to accelerate Gap’s global online expansion and extend our exceptional online experience to more European customers,” said Stephen Sunnucks, president, Gap Inc. Europe and Strategic Alliances. “Launching in eight additional European countries underscores the loyalty and enthusiasm customers in Europe have shown for our online brands since the sites launched last August.”
Gap said it is focused on executing its global growth strategy. It opened its first Gap and Banana Republic flagship stores in Italy in 2010, and its first company-owned Gap stores and online retail site in China.
Barneys CEO unveils renovation plans
New York City — Barneys New York CEO Mark Lee said Monday that he has plans to launch a renovation program for existing stores as well as an overhaul to the retailer’s website.
According to a report by the Wall Street Journal, Lee said at a Monday morning breakfast that changes will be substantial, as the retailer has the largest renovation budget for existing stores that Barneys has seen in at least seven years.
Website changes include a Monday launch of a micro-site on Barneys.com called "The Window" which will be updated daily and feature postings about the history and inspiration of Barneys windows, in addition to editorial content about the company’s history and heritage.
Lee took over from Howard Socol, who resigned in 2008.
Barneys recently announced that it was closing stores in Houston, White Plains, N.Y. and in Troy, Mich.