CHECKOUT
Byline:
A LONG ISLAND LOFT: Ann Taylor opened a 12,250-square-foot Loft store last week at the Tanger Factory Outlet Center in Riverhead, Long Island.
It’s the first of between 15 and 18 lower-priced Loft units planned for this year, according to a company spokeswoman. The second unit will open this week in Branson, Mo.
As reported, the Loft format targets moderate customers who like the look of Ann Taylor clothing, but can’t afford the prices. The Tanger Center, which is at Exit 73 of the Long Island Expressway, features 67 retail outlets, including Liz Claiborne, Jones New York and Tommy Hilfiger.
SHARED RESPONSIBILITY: Jamesway Corp. said Karen S. Sandler and Ernest Werlin were elected co-chairs at the discounter’s first board meeting after emerging from Chapter 11 in January.
Sandler is a vice president of the Foothill Group Inc., a Jamesway shareholder, and Werlin is a senior portfolio manager at Steinhardt Management. They were among five new directors selected by the firm’s creditors committee in December.
Howard Curd, the former chairman, remains one of eight directors of the reorganized company. The other holdovers are Herbert Douglas, president and chief executive officer, and Floyd Hall, a nonexecutive director.
Jamesway operates 90 discount stores.
DELAYED OPENING: Renovation delays have pushed back the opening of Burlington Coat Factory’s 85,000-square-foot store in Manhattan’s Flatiron district to late summer.
The store, at 116 West 23rd St. at Sixth Avenue, the off-pricer’s second in Manhattan, should be ready for the back-to-school selling season, according to a spokesman.
The unit had been expected to open next month, but the company’s effort to maintain the historical character of the store has taken more time than expected, he said. Burlington is trying to preserve the original columns and ornamentation in its renovation of the 124-year-old building.
EXPANSION ABROAD: Price/Costco plans to open two more of its membership warehouse clubs in the U.K. within the next few months. A Costco will open in Glasgow, Scotland, by early June, followed by a unit in Liverpool by October, said Paul Moulton, managing director of Price/Costco U.K.
Each will be 135,000 square feet and follow the same format as Price/Costco’s units in Thurrock and Watford, Britain, with about 60 percent of the merchandise in hard and soft goods. Food makes up the balance.
Related Galleries
CAPITAL CLOSING: Ames Department Stores closed its 103,000-square-foot store at Capital City Mall in Harrisburg, Pa., late last month following a buyout of its lease for an undisclosed amount. Crown American, which owns and operates the mall, said it expects J.C. Penney Co. to open a store in the former Ames location later this year.