American Eagle Profit Falls
New York City American Eagle Outfitters said on Wednesday quarterly net profit fell, hurt by greater markdowns resulting from lower-than-expected sales.
The company said net profit in the first quarter was $43.9 million compared with $78.8 million a year earlier. As previously disclosed, sales rose 5% to $640.3 million in the quarter, which ended on May 3, but same-store sales fell 6%.
Krupa in talks to represent Giantto
LAS VEGAS The Giantto Group, a Los Angeles-based jewelry company specializing in original custom jewelry, announced that it is in talks with supermodel Joanna Krupa to make her the new official spokesmodel for the group.
Krupa is set to make an appearance on June 1 at the JCK exhibition. A popular model, Krupa has appeared in GQ and FHM.
Big Lots names store ops vp
COLUMBUS, Ohio Big Lots has named Christopher Chapin as senior vp of store operations, effective immediately. Chapin will report to ceo Steve Fishman.
Chapin will oversee store standards, field operations, customer service, process development, and program implementation for the company’s 1,300+ closeout retail stores in 47 states.
Chapin most recently served as president of FacilitySource, a worldwide retail facility maintenance and management business headquartered in Secaucus, N.J. Previously, Chapin was with Limited Brands as vp of store operations and YUM Brands as national director of operations.