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 […]

Limited Brands to sell Express, Limited Stores?

Newspaper reports today suggest that Limited Brands Inc is planning to sell its struggling Express and Limited Stores chains to focus instead on more profitable businesses like fragrances and lingerie. The leading bidders for the chains are thought to be Columbus-based Schottenstein Stores Corp and the Boston-based Gordon Bros Group. Limited Brands’ apparel group president, […]

Apparel, footwear sales help Amazon double Q1 profit

Online retail giant Amazon.com Inc has more than doubled its first quarter profit, helped by strong sales of general merchandise, which includes apparel and shoes.  The Seattle- based company yesterday (24 April) raised its profit and sales forecast for 2007 after reporting a 115% jump in first quarter net income to $111m, or $0.26 per […]

Polo RL hires Draddy to grow golf, tennis businesses

Polo Ralph Lauren Corporation has named Billy Draddy as vice president of Men’s and Women’s Golf and Tennis, a role that will focus on the strategic growth and development of these businesses globally. He will be based in Polo Ralph Lauren’s corporate office in New York City and will be responsible for merchandising, sales, marketing […]

Vietnam apparel monitoring should be “more transparent” urges AAFA

The American Apparel & Footwear Association (AAFA) yesterday (24 April) urged the US Department of Commerce not to initiate anti-dumping actions against Vietnamese textile and apparel products unless the monitoring process is “fully transparent.” AAFA executive vice president Stephen Lamar, said the Department’s special “monitoring” website generates confusion and uncertainty because “it is unclear exactly […]

Carter’s Q1 profit drops 39%

Children’s apparel marketer Carter’s Inc late Tuesday (24 April) saw its first-quarter earnings decline but raised its view for the remainder of the year. In the three months ended 31 March, net income withered 39.1% to US$9.6m, or $0.16 a diluted share, from $15.8m, or $0.26, during the first quarter of 2006. The EPS figure […]

Blair shareholders OK $173.6m private equity deal

Shareholders of direct marketer Blair Corp at a special meeting Tuesday (24 April) approved the acquisition of the company by an affiliate of Golden Gate Capital for US$173.6m. About 76% of Blair’s shares were voted in favour of the $42.50-a-share acquisition. However, the offer, made and accepted in January, was opposed by shareholder Seymour Holtzman, […]