Brown Shoe swings to profit in Q1
St. Louis — Brown Shoe Company’s first quarter results exceeded expectations as the retailer swung to a profit. The company said it is raising its annual forecast.
Brown Shoe reported net earnings for the quarter of $15.4 million, compared to a net loss of $10.8 million in the year-ago period.
Net sales for the quarter increased 0.4% to $591.2 million, from $588.7 million for the prior-year quarter.
“First quarter results exceeded our expectations, thanks to strong contemporary fashion platform sales and a return to more seasonal weather for the last two weeks of April,” said Diane Sulllivan, CEO, president and chairman of Brown Shoe.
Sullivan cited strong contemporary fashion platform sales and a return to more seasonal weather for the last two weeks of April as the driving factors for the company’s first quarter results. “We feel optimistic about second quarter and the potential to benefit from pent-up spring shoe demand,” she added.
Famous Footwear sales for the quarter were $354.6 million, up 0.7% year-over-year, with same-store-sales up 1.3%.
Wholesale sales for the quarter were $191.8 million, up 5.6%. For the healthy living platform, wholesale sales of $104.7 million were up 0.7%. Contemporary fashion wholesale sales of $86.9 million were up 12.3% in the first quarter, with strong improvement coming from the Via Spiga brand.
PetSmart accelerates omnichannel efforts with new hire
PetSmart has named Phil Bowman as EVP of customer experience, effective June 30. He will report directly to president and CEO David Lenhardt.
Bowman has extensive experience in brand building, digital marketing, e-commerce and customer data analytics, as well as the creation of an integrated customer experience. Most recently, he served as chief marketing officer at TD Ameritrade, one of the world’s largest online securities brokerage companies.
“We’re thrilled Phil will be joining PetSmart in this newly created position,” said Lenhardt. “He will play an important role in accelerating our omnichannel efforts so we are relevant to our customers however and whenever they shop, and in leveraging our customer data to connect in a more personalized way.”
Prior to serving as CMO for TD Ameritrade, Bowman was the SVP of brand, planning and data analytics for TD Bank Group. His experience includes leadership positions with companies such as H&R Block, Sprint and PepsiCo.
“Phil brings the deep expertise needed to develop strategies for creating an unmatched customer experience, both in stores and online, and in developing growth strategies across all platforms,” added Lenhardt.
Bowman earned a bachelor of arts in organizational communications/organizational behavior from Brigham Young University, and a master of business administration with an emphasis in marketing from the University of Virginia, Darden Graduate School of Business Administration.
Kenmore brand helping cooks compete
For the second year in a row, Sears’ brand of Kenmore appliances will fuel competitive juices in Las Vegas when 400 cooks gather later this year for the World Food Championships.
Kenmore will provide kitchen appliances and equipment to competitors at the World Food Championships which will take place in Las Vegas, Nov. 12-18. The Kenmore brand first teamed with the World Food Championships in 2013 as part of the yearlong celebration of the 100th anniversary of the Kenmore brand. Now as part of a multi-year partnership with the World Food Championships, the Kenmore brand will grow its competition roots further with the announcement of the World Food Championships Super Regional competitions, featuring Kenmore appliances, and Cookmore.com as the host of the FoodChamp Challenge online recipe contest series.
"Last year, hundreds of competitors were able to display their culinary magic thanks to the appliances and support provided by Kenmore," said Mike McCloud, president of the World Food Championships. "This is an incredible partnership with a world-class brand that allows us to deliver a world-class experience and event."
"Over the years, we’ve seen cooking and baking transform to become a celebrated and competitive art form," said Michael Castleman, president, KCD Brands and SVP of Sears Holdings. "The use of Kenmore appliances in the World Food Championships is a testament to such transformation and supports our commitment to ‘trusted performance’. The World Food Championships encourages a more global obsession with quality cooking, made possible through quality appliances."
The 2014 event will see professional chefs and amateur cooks go head to head on an equal playing field to battle it out for hundreds of thousands of dollars and the title of the World Food Champion. Following a tournament-style format across nine food categories — BBQ, chili, burger, sandwich, recipe, dessert, bacon, pasta and seafood — competitors will battle for their chance to claim the title.