Robert Wallstrom

Handbag company Vera Bradley (NASDAQ: VRA ) has named Robert Wallstrom, a former Saks Fifth Avenue (NYSE: SKS) executive, as its next CEO and president. Wallstrom succeeds Mike Ray, who is retiring,...

Saks Off 5th has launched its online store, saksoff5th.com. It joins a list of closeout retailers that are getting comfortable in the e-commerce market. The online store will offer up to 55 percent off merchandise year-round.

Indianapolis -- Simon Property Group announced that Saks Fifth Avenue Off 5th will open a total of seven new stores in the next two years in its Premium Outlets division, including new centers and existing centers. The new centers include: Merrimack Premium Oulets, Merrimack, N.H.; Phoenix Premium Outlets, Chandler, Arizona; St. Louis Premium Outlets, Chesterfield, Mo.; and Tampa Premium Oulets, Wesley Chapel, Fla. Expansions are planned for the following centers: Chicago Premium Outlets, Aurora, Ill.; Las Vegas Premium Outlets—North, Las Vegas; and Orlando Premium Outlets-Vineland Ave., Orlando, Fla. In addition, SPG said that Saks Fifth Avenue Off 5th has

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