Hutton Joins True Religion

NEW YORK – Rodney Hutton has joined True Religion Apparel in the new post of senior vice president of merchandising, a new post at the Los Angeles-based denim-based lifestyle brand. He reports to Jeffrey Lubell, founder and chief executive officer of the firm. Hutton was most recently senior VP and general merchandise manager for Karl […]

Iconix to Buy Rocawear

NEW YORK – Iconix Brand Group has agreed to buy the Rocawear brand for $204 million in cash and up to an additional $35 million in Iconix stock. Shawn “Jay-Z” Carter, co-founder of Rocawear, will remain with the brand as chief creative officer, and its senior management team will remain in place as part of […]

Wal-Mart fires eavesdropping technician

Wal-Mart Stores said Monday (5 March) that it had terminated a systems technician who’d recorded conversations between its public relations office and a New York Times retail reporter without authorisation. The Times reporter was subsequently identified as Michael Barbaro. Wal-Mart said it became aware of the alleged violation on 11 January and that the audit […]

Greg Dinges joins Nike as Affiliate Brands CFO

Greg Dinges has joined Nike Inc as vice president of corporate development and chief financial officer of the company’s Affiliate Brands Group. In this dual role, he reports to Lee Bird, president of Affiliate Brands, and Don Blair, CFO of Nike. Dinges has spent more than 12 years with PepsiCo, most recently as vice president […]

Maidenform moves into black in Q4 and year

Maidenform Brands erased year-ago losses in both the fourth quarter and full year as the firm leveraged higher sales with improved margins. In the three months ended 30 December, net income available to common shareholders was US$3.2m, or 13 cents a diluted share, versus a loss of $209,000, or 1 cent, in the prior-year quarter. […]

Target renews Cherokee license deal

US discount retail chain Target Corporation has exercised its option to extend a license agreement for the Cherokee brand until January 2009. Robert Margolis, chairman and CEO of Cherokee said: “Since 1973, Cherokee has evolved to become one of the world’s largest family brands known for comfort, quality and Americana style. We are most fortunate […]

Saks appoints LaPorte as new controller

US retailer Saks has announced the appointment of Ernest LaPorte as senior vice president and controller of Saks Fifth Avenue (SFA). He will be based in New York City and report to SFA’s chief financial and administrative officer, Michael Archbold. LaPorte, who has over 20 years of finance and accounting experience in a range of […]

Steven Madden boosts Q4 sales

Fashion firm Steven Madden said that fourth quarter net sales increased 24.8% to US$114.1m from $91.4m reported in the comparable period of 2005. Gross margin for the quarter declined to 40.8% from 42.6%, primarily reflecting soft margins at the company’s Daniel M Friedman & Associates accessories division, it said. Net sales for the full year […]

Kohl’s blasts past estimates in Q4

Mid-tier retailer Kohl’s Corp easily exceeded fourth-quarter earnings expectations late Thursday (1 March), allowing its stock to recover some recently lost ground in after-hours trading. In the 14 weeks ended 3 February, the Menomonee Falls, Wisconsin-based retailer reported a 29.3% increase in net income, to US$484.6m, or $1.48 a diluted share, versus $374.9m, or $1.08, […]

Beluk joins Kellwood in audit post

Stephen Beluk Jr has joined Kellwood Co as vice president of internal audit. He takes over duties previously handled by Chris Isaak, who resigned as director of internal audit to take a post with another firm. Beluk most recently was vice chairman of the audit services group of RubinBrown following stints with Arthur Andersen and […]