Genesco Inc. announced that James S. Gulmi, senior VP and CFO, will retire at the end of its current fiscal year. He will be succeeded as CFO by Mimi E. Vaughn, the company's current senior VP —strategy and shared services.
It’s been a little while since the last report of a major retail data breach, but that period of tranquility is over. Bebe Stores Inc. has confirmed that a cyberattack “focused on and limited to” data from payment cards swiped in its U.S., Puerto Rico and U.S. Virgin Islands stores occured between Nov. 8-26, 2014.
An increase in selling, general & administrative (SG&A) expenses helped increase net loss at New York & Company Inc. to $9.7 million in the third quarter of fiscal 2014, up from $3.4 million a year earlier.
Express Inc. topped Wall Street expectations with net income of $14.6 million during the third quarter of fiscal 2014, a 24% decline from $19.3 million the same quarter the previous year. Increased buying and occupancy costs contributed to the decline in profits.