Stein Mart, Inc. reported Wednesday that total sales decreased 2.7 percent to $311.0 million in the second quarter ended July 29, 2017, while comparable store sales decreased 5.0 percent. Ecommerce sales were up 41 percent over last year’s second quarter. Gross margins fell 720 basis...
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...
VF Corporation, parent company to iconic brands Wrangler, The North Face, Vans, Timberland, Jansport, and Williamson-Dickie Mfg. Co., parent company to the Dickies, Walls, Terra and Kodiak brands, have signed a definitive merger agreement. The transaction is expected to be completed early in the fourth quarter...
Under Armour Founder and CEO Kevin Plank joined the chief executives of Intel Corp and Merck & Co Inc. and resigned from Donald Trump’s American Manufacturing Council on Monday, following Trump’s weak response to the weekend violence at a rally of white supremacists in Charlottesville, VA. After...
Dick’s Sporting Goods, Inc. reported net sales for the second quarter of 2017 increased 9.6 percent to approximately $2.2 billion. Consolidated same-store sales increased 0.1 percent, compared to the retailer’s guidance of an approximate 2 percent to 3 percent increase. Second quarter 2016 consolidated same-store...
Cherokee, Inc. has appointed Kimberly Doyle as director of financial reporting and internal controls. In this role, Doyle will be responsible for leading the European-based finance team in Amsterdam. Commenting on the appointment, Jason Boling, chief financial officer of Cherokee Global Brands said, “Kimberly’s extensive experience...
The TJX Companies, Inc. reported that net sales for the second quarter of Fiscal 2018 increased 6 percent to $8.4 billion and consolidated comparable store sales increased 3 percent on top of last year’s 4 percent increase. Net income for the second quarter was $553...
Timberland celebrated the 25th anniversary of its Path of Service program by kicking off a season of volunteer events around the globe. The events will reinforce the brand’s commitment to be Earthkeepers by working to protect and restore the outdoors and support the communities where...
Crocs, Inc. announced its disagreement with the decision recently issued by the United States Patent and Trademark Office (“USPTO”) relating to one of its many design patents, as well as several subsequent and needlessly dramatic headlines, and its plans to appeal the ruling. Crocs has been...
Wolverine Worldwide has appointed Stewart Whitney as Vice President and Managing Director – Asia Pacific. Stewart will report directly to the International Group President, Nick Ottenwess. As part of the WOLVERINE WAY FORWARD – the company’s holistic transformation effort focused on enhancing near-term and long-term performance...