Retail

Brennan, Kohl’s Chief Merchant, Resigns

Donald Brennan

MENOMONEE FALLS, Wis.-Donald Brennan, Kohl’s chief merchandising officer, has resigned and will leave his post on April 1. The resignation was the subject of a filing on Monday by the retailer with the U.S. Securities and Exchange Commission. The filing gave no reason for Brennan’s departure, but did say Kohl’s and Brennan have entered intoMore »

Wayfair Launches Birch Lane Brand

Wayfair.com

BOSTON-Wayfair is debuting Birch Lane, a new lifestyle brand geared toward what the home furnishings web retailer described as “classic style and timeless home design.” The new brand has its own website, birchlane.com. Its merchandise includes furniture, lighting, rugs, window treatments, bedding, tabletop and decor targeted at bedrooms, dining rooms, living rooms and home offices.More »

Gordmans’ Net Falls for FY, Q4; CEO Gordman to Retire

Gordmans

OMAHA, Neb.-Gordmans posted drops of 66 percent and 65.6 percent in its fiscal-year and fourth-quarter net income, respectively. The retailer has also announced that its president and CEO, Jeff Gordman, is retiring. Gordman has also resigned from the company’s board of directors. T. Scott King, Gordmans’ chairman, will serve as interim CEO while a searchMore »

Hancock Tabbed as Family Dollar Supply-Chain Head

Family Dollar

MATTHEWS, N.C.-Family Dollar has named Brian Hancock senior vice president-supply chain. The move puts Hancock in charge of the dollar-store retailer’s supply-chain operation. He reports directly to Howard Levine, chairman and CEO. Prior to joining Family Dollar, Hancock was president-North American division for The Martin Brower Co., which supplies food and materials to McDonald’s restaurantsMore »

Burlington Stores’ FY, Q4 Nets Fall

Burlington Stores

BURLINGTON, N.J.-Although the company’s top line picked up momentum in both periods, Burlington Stores posted declines of 36.2 percent and 6.4 percent in fiscal-year and fourth-quarter net income, respectively. Net income for the year totaled $16.2 million, and for the fourth quarter was $63.6 million (the company posted a net loss for the first threeMore »

Wayfair Debuts Designer Trade Services

Wayfair.com

BOSTON-Home furnishings website Wayfair has launched Wayfair Designer Trade Services, a program that offers designers access to products available from wayfair.com, AllModern and DwellStudio. The new membership service enables designers, interior decorators and other trade professionals to shop across more than 7 million products and 12,000 brands. It also provides exclusive volume discounts; loyalty rewards;More »

J.C. Penny Unveils New Home Revamp

JC Penney Home Collections

PLANO, Texas-J.C. Penney has debuted a new reconfiguration of its home department, newly branded under Home Collections at J.C. Penney. In what a company spokesman termed an “extensive remerchandising” of the section, 60 percent of the area now caters to soft home, including a renewed focus on bedding and bath. This element also involves anMore »

Sears Board Approves Lands’ End Spinoff

Sears

HOFFMAN ESTATES, Ill.—Sears Holdings’ board of directors has voted to spin off the Lands’ End business. The Sears/Kmart parent will distribute all of the outstanding shares of common stock of Lands’ End on a pro rata basis to holders of Sears Holdings common stock, according to a company statement. The distribution is expected to beMore »