Susan Andrews -- Furniture Today, September 12, 2005
Mervyn's Shifts Strategy
Mervyn's last week said it will focus on high-growth markets in the West and Southwest and close 25 percent of its store base in the process.
The 62 underperforming stores slated to close by February 2006 have been unprofitable for years, the company reported in a statement. They represent just 17 percent of total sales.
The retailer will exit Michigan and Oklahoma as well as parts of Colorado, Louisiana and Texas. It will close a single store location each in southern California, Oregon and Utah, as well as distribution centers in Plano, Texas, and West Valley, Utah.
Blair Makes Pitorak Interim CFO
Blair Corporation, a national multi-channel direct marketer of women's and men's apparel and home products, has appointed Larry Pitorak interim chief financial officer. He comes from Tatum Partners, a national professional services firm.
Hudson's Bay Plans Open House
Hudson's Bay Company will hold an open house for vendors of unique merchandise Sept. 30. Open to vendors of all sizes, the event will allow registered participants to pitch to relevant buyers from each of HBC's properties — Bay, Zellers, Home Outfitters, Fields and Designer Depot. Vendors are not required to set up booths. Information and registration are available at www.hbc.ca.
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