GRANOFF STEPS DOWN: Martin Granoff has resigned his seat on Kellwood Co.’s board, citing personal reasons, the firm said in a statement. “He has had a long and distinguished career in the apparel industry, and the insights he brought to our company have been immeasurable,” said chairman and chief executive officer Hal Upbin. Granoff joined the board in 1999 after Kellwood merged with Koret Inc., where he was vice chairman. The departure brings Kellwood’s board to nine people, seven of which are outside directors.
NEW DIGS: Nordstrom said Friday that it is tentatively scheduled to move into a new Salt Lake City home in 2007. The Seattle-based retailer signed a letter of intent with Bloomfield Hills, Mich.-based Taubman Centers to remain in downtown Salt Lake City as part of a major redesign of the Crossroads Plaza Mall and ZCMI Mall blocks. The redevelopment will include a new 124,000-square-foot location for Nordstrom, as well as the addition of other retail stores, restaurants, and living, office and hotel space. Nordstrom, which operates 149 stores located in 27 states, has been in its current downtown Salt Lake City store since August 1980, and will remain open during the construction. Taubman Centers, a real estate investment trust, currently owns and/or manages 31 urban and suburban shopping centers in 13 states, with a new one in Charlotte, N.C.’s Northlake Mall, slated to open in September 2005.
This story first appeared in the August 30, 2004 issue of WWD. Subscribe Today.