Retailers add to criticisms of Vietnam import monitoring

US retailers have added their dissent to criticisms of the Department of Commerce’s (DOC) monitoring mechanism against apparel imports from Vietnam, saying it will hit retailers and consumers in the US as well as the Vietnam industry. Speaking at Tuesday’s hearing on the Vietnam Textile and Apparel Import Monitoring Program, retail leaders said the mechanism […]

Domestic sales hamper K-Swiss as Q1 profits fall 28%

Athletic footwear maker K-Swiss Inc today (26 April) posted a 27.8% slump in first quarter profit as its domestic sales and future orders continue to decline. Net earnings for the three months ended 31 March were $18.9m, or $0.51 per diluted share, compared with $24.9m, or $0.70 per diluted share, in the prior-year period. Total […]

Charlotte Russe swings to Q2 profit

Young women’s apparel retailer Charlotte Russe registered a second-quarter profit versus a year-ago loss resulting from the closure of its Rampage division. However, earnings from continuing operations declined slightly during the period. The San Diego, California-based specialty retailer reported Thursday (26 April) that net income for the three months ended 31 March totalled US$3.8m, or […]

ITG to invest $300m in four offshore plants

International Textile Group Inc, which makes denim and other apparel fabrics, government uniforms, automotive safety textiles and products for technical and specialty-textile markets, is to invest more than $300m on four offshore manufacturing plants. The company, based in Greensboro, North Carolina, said the two plants in China and one plant each in Vietnam and Nicaragua […]

Obituary: Arthur “Artie” Arbesfeld

NEW YORK – Funeral services have been held for Arthur “Artie” Arbesfeld, a longtime sales executive for Harry Irwin who died Saturday, April 21, after suffering a heart attack. Services were held at Sinai Chapel in the Fresh Meadows section of Queens on Tuesday, April 24. Arbesfeld, a native of Brooklyn, NY, joined Harry Irwin […]

Everlast skips into Chinese market

Everlast Worldwide has signed a master license agreement for mainland China with Brand Management Holdings (BMH) of Hong Kong. The license includes Everlast boxing and fitness equipment, men’s and women’s apparel, men’s and women’s footwear and accessories. Seth Horowitz, chairman, president and CEO of Everlast Worldwide, said: “This achieves one of our stated strategic initiatives […]

Nicola Sizes Up the Comstock Market

Nicola Harrison Ruiz sat down with designer Robert Comstock and came away with a bird’s-eye view of his wide-ranging interests and innovative new sportswear collection. For her panoramic perspective, put your feet up and click here to spend a few minutes in the Blog Cabin.

Timberland Buys IPATH, Sets Revisions

NEW YORK – The Timberland Co. late Wednesday acquired the assets of skateboarding-oriented footwear brand IPATH. Concurrently, the Stratham, NH-based firm said that it would restate its financial results for the years 2001 through 2006 and delay the release of its first-quarter results for 2007 to accommodate non-cash adjustments based on its accounting for derivative […]

Skechers Net Rises, But Misses Guidance

NEW YORK – Footwear marketer Skechers USA registered a 44% increase in first-quarter profits, but the results fell short of analysts’ expectations and its shares traded down sharply in after-hours trading Wednesday. The Manhattan Beach, Calif.-based firm also set forth second-quarter guidance below estimates. In the three months ended March 31, net income rose to […]

Charlotte Russe appoints Johnson as new CFO

Mall-based retailer Charlotte Russe Holding has announced the appointment of Patti Johnson as its executive vice president and CFO. Johnson has over 25 years of experience in finance and accounting, and was most recently the executive vice president and CFO of Gap Inc division Old Navy. She also served as CFO of Kohl’s Corporation from […]