Gap Inc. To Close 175 Stores

San Francisco — Gap Inc. plans to close about 175 specialty stores in North America over the next few years, with about 140 closures occurring this fiscal year. These changes will not impact Gap Outlet and Gap Factory Stores. The brand also will close a limited number of European stores.

ABG Acquires Frederick's Of Hollywood™

New York City — Authentic Brands Group, LLC (ABG), owner of a global portfolio of iconic fashion, sports and lifestyle, celebrity, media and entertainment brands, has purchased the iconic lingerie brand, Frederick's Of Hollywood™.

Orvis Names New President

Sunderland, Vt. — Perk Perkins, CEO of The Orvis Company Inc., has named the outdoor retailer's new president. William R. McLaughlin will succeed Raymond G. McCready, who will retire later this year. A former PepsiCo executive and CEO of Select Comfort Corporation, McLaughlin will assume the post on July 27, 2015.

Toys“R”Us Names New Chairman & CEO

Wayne, N.J. — Toys“R”Us, Inc., the world’s leading dedicated toy and baby products retailer, has appointed David A. Brandon as chairman and CEO, effective July 1, 2015, succeeding Antonio Urcelay, who will retire from the company.

Dollar General Opens 12,000th Store

Goodlettsville, Tenn. — Dollar General Corporation has opened its 12,000th store in the small, historic town of Juliette, Ga. Dollar General anticipates opening 730 new stores in 2015 and plans to remodel or relocate an additional 875 stores.

New Lolë Flagship Store to Open in Fall 2015

Montreal — Montreal-based activewear brand, Lolë, will open a new store this fall. Situated in the commercial epicenter of Montreal, the new Atelier (“workshop” in French) will be located at 954 Rue Ste-Catherine West. The store will serve as the city's flagship Lolë location.

Chico's FAS President & CEO To Retire in Spring 2016

Fort Myers, Fla. — Chico's FAS, Inc.’s president and CEO, David F. Dyer, intends to retire in spring 2016. He will continue in his present role until a successor is appointed. After a successor is named, Dyer will remain on the board in the newly-created role of vice chairman through his current term, which ends at the company's annual meeting of shareholders in June 2016.

Saks Fifth Avenue OFF 5TH Plans To Open 25 Locations in Canada

Toronto — Saks Fifth Avenue OFF 5TH has revealed its first three store locations in Canada as it prepares to enter the Canadian marketplace in 2016. Three Ontario cities — Ottawa, Niagara-on-the-Lake, and Vaughan (just north of Toronto) — will welcome Saks Fifth Avenue OFF 5TH stores in spring 2016. This announcement identifies the first of up to 25 locations that Saks Fifth Avenue OFF 5TH plans to open nationwide.

Habitat NYC To Open New York City's First ReStore

New York City — Habitat for Humanity New York City will cut the ribbon on the first ever ReStore location in New York City on June 13, 2015. The 3,500-square-foot Habitat NYC ReStore will be an affordable home improvement center offering a variety of building materials including appliances, furniture, hardware and other discounted merchandise.

Walmart’s Way

Walmart leads the retail industry in LED lighting applications, teaming up with GE Lighting to achieve a 40% reduction in store lighting costs worldwide.

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