Chain Store Age Executive Fax articles from November 2005

Chain Store Age Executive Fax archives from November 2005

New stores, new markets.(specialty stores in USA)(Brief Article)
November 4, 2005... Magnolia Hi-Fi, the consumer electronics concept acquired by Best Buy, has executed a lease to open a 9,589-sq.-ft. store in the Perimeter Place mall in Atlanta.... Celebra Por Menos has signed a lease for 4,000 sq. ft. in the Plaza Los...

Sales momentum holds strong: 4.4% comps surpass expectations.
November 4, 2005... A stronger-than-expected surge in sales lifted the International Council of Shopping Centers' (ICSC's) tally of industrywide same-store sales for the month of October. Retailers generated a 4.4% growth in comps, led by teen-oriented chains....

Rite Aid Corp.(appoints Kevin Twomey and Doug Donly)(Brief Article)
November 4, 2005... Rite Aid Corp. promoted Kevin Twomey, 55, to CFO. He had been acting CFO since August, when John Standley left the post to become CEO of Carteret, N.J.-based Pathmark Stores. Also at Rite Aid, Doug Donly, 43, was promoted to chief accounting...

Hat World Corp.(appoints Kenneth J. Kocher and Glenn Campbell)(Brief Article)
November 4, 2005... Kenneth J. Kocher has been named president of Hat World Corp. and Glenn Campbell has been named COO. Kocher, who joined Hat World in 1997 as CFO, will have general responsibility for all aspects of Hat World's business. Campbell, a co-founder...

Seiyu Ltd., a Japanese retailer soon to become a subsidiary of Bentonville, Ark.-based Wal-Mart Stores, appointed Ed Kolodzieski to become president and CEO.(PEOPLE IN THE NEWS)
November 4, 2005... Seiyu Ltd., a Japanese retailer soon to become a subsidiary of Bentonville, Ark.-based Wal-Mart Stores, appointed Ed Kolodzieski to become president and CEO. He currently is senior VP and COO of Wal-Mart International and has been a Seiyu...

The TJX Cos.(appoints Amy B. Lane )(Brief Article)
November 4, 2005... The TJX Cos. elected Amy B. Lane to its board of directors. Lane, 52, was an investment banker for 25 years, specializing in the retail industry. She currently serves as the presiding director of Borders Group, Inc.

Federated Department Stores'.(appoints Joyce Roche and William Stiritz )(Brief Article)
November 4, 2005... Joyce Roche and William Stiritz have been elected to the Federated Deptartment Stores' board of directors. Roche is president and CEO of Girls, Inc., and Stiritz is the retired chairman and CEO of Ralston Purina Co. Both were directors of The...

KB Toys.(appoints Ernest V. Speranza )(Brief Article)
November 4, 2005... KB Toys appointed Ernest V. Speranza as chief marketing officer.

The Bon-Ton to acquire 142 stores from Saks.
November 4, 2005... Taking a cue from Federated Department Stores' bigger-is-better approach to department store retailing, The Bon-Ton launched an aggressive acquisition of its own: The York, Pa.-based chain agreed to buy Saks, Inc.'s Northern Department Store...

Wilma blows retailers off course in Florida.(Hurricane Wilma )(Brief Article)
November 4, 2005... Three Macy's department stores in South Florida will probably remain closed until after Christmas. The stores sustained damage from Hurricane Wilma last month. The damaged stores are located in Fashion Mall in Plantation, Galleria Mall in...

Survey: a third of consumers to spend less.(Brief Article)
November 4, 2005... Despite the strong sales numbers from October, a survey from Experian-Gallup offers a dose of holiday pessimism. Almost a third (32%) of consumers expect to spend less this year, while just 12% expect to spend more and 56% expect to spend...

This week's retail news nuggets.(Brief Article)
November 4, 2005... Bashas' plans to get into the fast-growing natural and organic-foods market with a new format called Ike's Farmers' Market.... New York City-based J. Crew will delay its $200 million initial public offering until early 2006, the company...