Bealls CEO Steve Knopik is betting that the Bradenton, Fla., retailer's latest experiment called Bunulu will become a permanent fixture for the 100-year-old company. "We're certainly moving forward as if it's going to be a permanent concept," Knopik said. Pronounced Boo-new-lou, Bealls is targeting the affluent customer living the coastal lifestyle by opening its first three to five stores this fall. "Bunulu is an Aboriginie name that means a place of water," said Bealls Department Stores President Lorna Nagler, who is heading up the launch. "Our tagline for our store is Land, Water and Style."
Christopher & Banks said Tuesday that its CEO Lorna Nagler has “resigned all positions with the company to pursue other interests” of Larry Barenbaum will serve as interim CEO while the company searches for a permanent top executive.