Author: Andy Polk

Macy’s Inc. announced several changes intended to improve the company’s performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the company’s data analytics capabilities. Lawton will become president of Macy’s, effective September 8. As president, Lawton...

DSW Inc. reported second-quarter earnings that rose 5.2 percent, ahead of Wall Street’s target, as same-store sales sales inched up 0.6 percent. Roger Rawlins, chief executive officer, stated, “We were pleased to report our first positive comp quarter since 2015. This resulted in a healthy increase...

New York-based private equity firms Bruckmann, Rosser, Sherrill & Co. and Goode Partners LLC completed a transaction that will merge DTLR Inc. and Sneaker Villa Inc. According to a statement from the parties involved, the merged company has a significant geographic reach with nearly 240 stores...

Nike Inc. CEO Mark Parker sent an e-mail to employees on Thursday night condemning the racism, bigotry and fatal violence displayed in Charlottesville, VA. Parker’s email, attained by Sole Collector, is featured below: Team, Like many of you, I have spent this past week shocked and saddened by...

The Buckle, Inc. saw net sales decrease 7.8 percent to $195.7 million for the 13-week fiscal second quarter ended July 29, 2017 from net sales of $212.2 million for the prior-year period. Comparable store net sales for the 13-week period decreased 7.7 percent. Online sales...

Payless ShoeSource announced that it has successfully emerged from its Chapter 11 restructuring with substantial liquidity after eliminating in excess of $435 million in funded debt. The company said it remains the number one specialty footwear retailer in the U.S. and one of the largest in the...