Arnie Re-Blogs Bentonville

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Wiretapping scandals. Misappropriation of funds. And now even a dust-up about inappropriately sexual behavior. Has Arnie Karr started covering Washington? No, he’s got his telescope focused on Bentonville, Arkansas, and the increasingly bizarre goings-on at Wal-Mart. For the unusual take on the unexpected turns of events, click here to visit …

But Wait, There’s More…Moda Calzado

In Opinions by Harry SheffLeave a Comment

There was just too much at Moda Calzado in March to cover in one blog! For starters, I was stopped in my tracks by this bright display at Primigi. A children’s shoe company, they’d created this bright branded palm tree display to show off their brilliant cut-out animal boxes. What …

Belk Hits Records for Q4, Year

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NEW YORK – Belk Inc. set new records for profits and sales during fiscal 2006, but the pace of its profit growth slowed in the fourth quarter. In the three months ended Feb. 3, the Charlotte, NC-based department store chain’s net income climbed 13.1% to $113 million from $99.9 million …

Saks’ Archbold Moving to Vitamin Shoppe

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NEW YORK – Michael Archbold, who was slated to become executive vice president and chief financial officer of Saks Inc. on May 4, is leaving the company to become executive VP, CFO and chief operating officer of The Vitamin Shoppe, Saks said Tuesday. Archbold is currently executive VP and chief …

Oxford Net Off One-Third in Q3

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NEW YORK – Facing “a very challenging environment for our historical menswear business,” Oxford Industries’ saw its third-quarter profits fall more than expected and reduced its guidance for the final quarter of the year. Net income for the three months ended March 2 dropped 33.3% to $9.7 million, or $0.54 …

VF Flies on China, Intimate Actions

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NEW YORK – VF Corp.’s stock hit a 52-week high Monday after the company took the license for The North Face brand in China in-house and closed its divestiture of its intimate apparel unit to Fruit of the Loom. Shares of the Greensboro, N.C.-based apparel giant topped out at $83.47 …

The future of the wool market

In Opinions by Mickey SolomonLeave a Comment

Q: What is the insider’s view of the wool industry with the recent drought situation in Australia and Asian production? Will we see a rise in prices with overall quality of the wool dropping? A: This is a very perceptive question because it addresses more than the short-term effects of …

Headwear Group Honors Three

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NEW YORK – The Headwear Association marked the start of its 100th year at its annual dinner at Tavern on the Green here on March 15. Honorary speaker John Milano, founder of Milano Hats, received the Ben Rosenthal Award, outgoing THA president Wilson King, of Outback Trading Co., was honored with …

Alvarado Joins MMG Corp.

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NEW YORK – Dave Alvarado has joined MMG Corp. as West Coast sales executive, a post that has been vacant for about a year. Alvarado joins the St. Louis-based neckwear firm from Mulberry Neckwear, where his most recent post was national sales manager. At MMG, Alvarado reports to Dave Klaus, …

Hartmarx Suffers Q1 Loss

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NEW YORK – Pushed-back deliveries, discontinued lines and higher chargebacks all contributed to a first-quarter loss at Hartmarx Corp., but the company didn’t deviate from its forecast of improvement later in the year. In the three months ended Feb. 28, the Chicago-based apparel firm endured a net loss of $3.4 …

Jones Replays Its CFO Card

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NEW YORK –Wesley Card, chief operating officer of Jones Apparel Group, has reassumed the dual role of COO and chief financial officer following Thimio Sotos’s resignation as CFO. Card joined Jones in 1990 as CFO and was named to the additional post of COO in 2002. He relinquished the CFO …

The Main of Spain After Getting Off the Plane

In Opinions by Harry SheffLeave a Comment

Once I’d finally made it to Moda Calzado, the Spanish footwear show in Madrid, it was certainly a treat! A trend fashion show exhibited lots of fun, contemporary looks, including men’s boots that mixed lots of contrasting texture and pattern, from quilted to woolly and tweedy to aged printed patent …

The Scope of the TJX Scam

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NEW YORK – The TJX Companies Wednesday coughed up some of the numbers about its massive payment card scam and, while admittedly incomplete, they are enormous nonetheless. The nation’s largest off-price retailer disclosed that at least 45.7 million of its customer records were stolen through computer theft in 2005 and …

MAGIC Parent Agrees to $1.14B Sale

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NEW YORK – DLJ Merchant Banking Partners III (DLJMB) has agreed to sell Advanstar Holdings Corp., the holding company for Advanstar Communications and the parent of MAGIC, to an investor group led by private equity firm Veronis Suhler Stevenson for $1.142 billion in cash. Citigroup Private Equity and New York …

Tulin, Luft Promoted at Swank

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NEW YORK – John Tulin, chief executive officer of Swank Inc., has been named to the additional title of chairman of the company. Eric Luft, president of the company’s men’s division, has added the title of president of the firm previously held by Tulin. Additionally, Jerold Kassner, chief financial officer …

Calvin Again Lifts PVH in Q4

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NEW YORK – The Calvin Klein acquisition continues to pay dividends for Phillips-Van Heusen. PVH reported late Monday double-digit gains in profits and sales for its fourth quarter as its heavier dependence on royalty income and higher-margin businesses, led by Calvin Klein, lifted its margins significantly. In the three months …

Hail, Britannia

In Opinions by Harry SheffLeave a Comment

I’ve been asked back to cover the Spanish shoe show, Moda Calzado, but this time I’ve thrown in a little side trip – a stop in London! A friend of mine is living here now, so I took him up on his offer to sleep on his couch and check …

New Dates, Venue for Exclusive

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NEW YORK – The Exclusive is moving to the Palazzo Ballroom of the Venetian Hotel in Las Vegas for its next Las Vegas market, which will begin one day before MAGIC. Larry Hymes, co-founder of The Exclusive verified details for MRketplace.com, noting that the next show will take place August …

G-III Back in Black for Q4

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NEW YORK – G-III Apparel Group reversed a year-ago loss to finish the year with profits that were nearly double those of 2005. In the three months ended Jan. 3, the outerwear and sportswear marketer registered net income of $518,000, or $0.03 a diluted share, a penny above the consensus …