Everlast Suits Dismissed

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NEW YORK – Everlast announced late Friday afternoon that it will be settling with Hidary Group Acquisitions, a company that tried to block the boxing and fitness brand’s merger acquisition by Brands Holding Limited. Under the settlement agreement, Hidary’s lawsuit against Everlast will be dismissed “with prejudice.” The dismissal of …

Cabela’s Looks Good in Q2

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SIDNEY, Neb. – The outdoor clothing and gear retailer Cabela’s is reporting second quarter revenue increases over last year: 16.5% from $387.3 million in the second quarter 2006 to $451.2 million. Net income increased to $11.3 million ($0.17 per diluted share) compared to $8.4 million ($0.13 per diluted share) for …

Investors Seek Meeting With Dillard’s CEO

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NEW YORK – The Dillard’s department store chain is under scrutiny by one of its shareholders, the New York-based Barington Capital Group. Barington, which owns 3.7% of the company, or about 3 million shares, sent a second letter to Dillard’s CEO William Dillard, II, requesting a meeting to discuss strategies …

Timberland Down in Q2

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STRATHAM, N.H – The Timberland Company’s second quarter numbers are down for the second year in a row with a net loss of $19.2 million (31 cents per share) compared to a net loss of $16.6 million (26 cents per share) a year ago. With the exclusion of restructuring costs, …

Jos. A. Bank Promotes Merry to EVP

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HAMPSTEAD, Md. – Jos. A. Bank Clothiers, Inc. has promoted senior vice president of operations Gary Merry to executive vice president. Executive vice president Robert B. Hensley will continue as such, but will hand store and catalog operations over to Merry, instead focusing more on store expansion and on his …

YMA Interns Meet to Network and Schmooze

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NEW YORK – The YMA Fashion Scholarship Fund held a cocktail reception for interns and mentors at the Kenneth Cole corporate office on July 25. The event was attended by more than 40 interns working for companies like Ted Baker, Polo Ralph Lauren, Liz Claiborne, Tommy Hilfiger, BCBG, Kellwood, Oxford …

Coach Earnings Up in 2007

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NEW YORK – Luxury handbag-maker Coach Inc. is reporting fourth quarter increases of 43% in earnings per share, and fiscal year earnings per share increases of 41%. “This quarter’s performance demonstrated a continuation of the strength we have seen throughout the year as our market share continued to grow across …

Nike Settles Class Action Suit

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CHICAGO – Nike has agreed to settle a class action suit brought by 400 African American employees with a $7.6 million payment, although the company denies any wrongdoing. The suit was started in 2003 by two employees of its Chicago Niketown store who alleged that the company treated African American customers …

Liz Claiborne Q2 Earnings Plummet

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NEW YORK – Liz Claiborne’s reported earnings of $0.13 for the second quarter of 2007,  a steep drop from $0.38 for the same time last year as the company tries to remake itself into a smaller, leaner operation under new CEO William McComb. However, the results were better than analysts expectations, …

Oxford Industries Posts Declines

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ATLANTA – Fourth quarter increases in its Ben Sherman and Tommy Bahama groups didn’t save Oxford Industries from posting consolidated net sales declines – $287.2 million in the fourth quarter compared to $287.6 million in the fourth quarter of last year. Lanier Clothes, the company’s tailored clothing group, contributed to …

Big Gains for Under Armour

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BALTIMORE – Under Armour, the eleven-year-old performance apparel company founded by a former college football player, has posted a 135.6% net income growth in the second quarter, up from $2.4 million last year to $5.7 million this year. Founder and CEO Kevin A. Plank credited female consumers with the soaring …

Q2 Losses for Foot Locker

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NEW YORK – Foot Locker is predicting losses in the second quarter of 2007, blaming late season clearances on old inventory. The New York-based athletic retailer headed off negative publicity with an outline of strategic initiatives, including early closures of U.S. stores, more store openings in Europe, and changes in …

Ivy Karkut Promoted at Company 81

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NEW YORK – Oved Apparel’s Company 81, a brand with clothing lines focused on young men and boys, has promoted division vice president Ivy Karkut to president. Karkut has extensive experience in menswear, having launched Tommy Jeans for Tommy Hilfiger and served as senior vice president for Polo Ralph Lauren …

Harry Sheff Joins MR as Web Editor

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NEW YORK – MR Magazine has named Harry Sheff the first full-time web editor for MRkeplace.com, the menswear retailing trade journal’s website. Sheff replaces industry veteran Arnold Karr, who held the position part-time since the inception of the site in June 2006. MRketplace.com’s rise in readership during that time has …

Curve Plans New York Lingerie Show

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RIVERSIDE, CONN. – Curve Expo, Inc. will build upon CurveNV, its successful Las Vegas lingerie trade show, to launch a New York City show, CurveNY. The Las Vegas show, which debuted last February, features men’s and women’s intimate apparel and swimwear. The show is expanding rapidly, show organizer Laurence Teinturier …

Gap Announces New Chief

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SAN FRANCISCO – The board of directors for Gap Inc. selected Glenn Murphy as the clothing giant’s new chairman and chief executive officer yesterday. His predecessor, interim CEO Robert J. Fisher, will remain on the board. Murphy has more than 20 years of successful retail experience, but not in the …

Rich Biegel Out at Hartmarx

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CHICAGO – Executives at Chicago-based Hartmarx said that Richard Biegel, the group president of HMX Tailored in the company’s Men’s Apparel Group, was fired yesterday. “I can confirm that he was terminated effective immediately,” stated Hartmarx CEO Homi Patel. “His responsibilities on an interim basis have been taken over and …

VF Acquires Two New Brands

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GREENSBORO, N.C. – VF Corporation announced its acquisition of the Los Angeles premium denim company Seven For All Mankind and the Portland, Oregon women’s clothing company Lucy Activewear, Inc. yesterday. Although Seven For All Mankind is an obvious fit for VF’s large Jeanswear division, and Lucy for its Sportswear divison, …

Bergdorf’s Hits $500 Million

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NEW YORK – Bergdorf Goodman hit a financial milestone last week with fiscal year sales at $500 million. The Neiman Marcus Group, which owns the New York-based luxury department store, said in a statement that at about noon on July 19, a customer purchase lifted the sales numbers to a …