Crocs Inc. reported a steep loss in the fourth quarter due to a charge related to its buy back of some of the preferred shares held by Blackstone Group LP. The loss before charges came in better than Wall Street’s consensus target as sales grew...
Rack Room Shoes announced Melanie Ortlieb has succeeded industry veteran Dan Crawford as director of merchandising. Crawford is retiring after two decades of service with Rack Room Shoes, and this hire ensures a seamless transition for the brand’s merchandising activities. In her new position, Ortlieb will collaborate...
Gap Inc. announced plans to create two independent publicly traded companies: Old Navy and a yet-to-be-named company which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. Gap Inc. expects to effect the separation through a spin-off that is intended to...
Wolverine World Wide reported earnings on an adjusted basis grew 27 percent in the fourth quarter, helped by improving margins and a sharp reduction in operating expenses. ...
The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives....
Asics North America appointed Kevin McHale as its new director of run specialty sales. In this role, McHale will manage the run specialty business and drive strategic brand initiatives with the key accounts across the channel....
“The demand for Injinji in Canada has been growing for some time, and we’ve had great success with our partnership with MEC,” said Injinji CEO and President Jason Battenfield....
Payless ShoeSource is preparing for a second trip to bankruptcy court after emerging from proceedings last year, A CNBC report said if Payless cannot find buyers for its real estate, it may need to close the majority or all of its locations in North...
Genesco Inc. announced that Jon Caplan recently announced his retirement as chief executive officer of Johnston & Murphy and Genesco’s Branded Group, effective at the end of June 2019....
Caleres on Tuesday announced Marci Grebstein will join Caleres as senior vice president of marketing for Famous Footwear on February 19. Famous Footwear is the largest brand in the Caleres portfolio, with over $1.6 billion in annual revenue....