Personnel Updates

Kohl’s Corporation announced Kevin Mansell, Chairman, CEO and President will retire in May 2018. Michelle Gass, currently Chief Merchandising Officer and Customer Officer, will assume the CEO role.

Tiffany & Co. announced it has named Roger Farah as Chairman.  He succeeds Michael J. Kowalski.


Financial Focus

Aerogroup International LLC has filed for Chapter 11 bankruptcy protection as it looks to close the majority of its U.S. stores.

The Gymboree Corp. has emerged from bankruptcy as a new corporation under the name Gymboree Group. The company plans to close 350 underperforming stores.

Rue 21 announced that it has completed its financial restructuring and has emerged from bankruptcy.


Mergers and Acquisitions

Bass Pro Shops announced its acquisition of Cabela’s Inc. is complete.

Camping World Holdings announced that it will purchase Uncle Dan’s Outfitters.


Industry Insight

American Eagle Outfitters Inc. is preparing for its debut in India. The first stores are expected to open in Mumbai and Delhi in spring 2018.

Coach Inc. has announced its rebranding as Tapestry. The new name is meant to reflect the company’s full spectrum of product offerings.

DSW Inc. announced that it is considering adding a rental service, as well as shoe repair and storage facilities, to some of its stores.

Forever 21 Inc. opened a new store dedicated to beauty. The first Riley Rose store opened in Glendale, CA. The company expects to open 10 Riley Rose locations by year-end.

Kohl’s Corporation has announced that it will begin accepting returns for items purchased on In-store Amazon shops will soon debut at 82 Kohl’s locations.

Rent the Runway announced a new subscription service called “RTR Update”.  It allows shoppers to choose four pieces each month, with shipping, returns, and dry cleaning included.

Sears Canada Inc. announced it plans to close all of its stores and lay off about 12,000 employees.


Real Estate

David Yurman has announced the reopening of its Boston outpost in Copley Place.

Mango Inc. has opened its first location in India.

Nordstrom Inc. opened a new location at Westfield Century City in Los Angeles, CA. The three-level, 154,000 sq. ft. store is a relocation from the Westside Pavilion. Amenities include a full-service restaurant and bar, a Style Bar and a MAC Makeup Studio.

Saks Incorporated has opened a new 36,000 sq. ft. Saks Off 5th store in downtown Seattle, WA.

Uniqlo announced it will open a new “denim concept” store in Los Angeles this winter. The company will also open its first location in Vancouver, BC.


Technology News

Swarovski North America has teamed up with Mastercard to launch a virtual reality shopping app for the brand’s line of crystal home accessories, Atelier Swarovski.