DSW Q4 profit increases
Columbus, Ohio — DSW Inc. reported Tuesday that net income for the quarter ended Feb. 2 rose to $31.4 million from $23.1 million in the year-ago period. Sales for the fourth quarter increased 15.7% to $594.3 million, and same-store sales rose 3.6%.
For the full year, profit increased to $152.2 million, from $136.1 million in the prior fiscal year. Sales rose 11.5% to $2.26 billion from $2.02 billion.
Wolverine Brand supports conservation of namesake animal
ROCKFORD, Mich. — Wolverine Brand, the makers of authentic outdoor and work boots, shoes and apparel, is supporting The Wolverine Foundation, a non-profit organization comprised of wildlife scientists with a common interest in the wolverine. The brand’s funding is vital to The Wolverine Foundation and supports continued research projects and awareness programs.
"The primary goal of The Wolverine Foundation is to elevate the wolverine’s management status through public information, and we recognize the need for coordinated, science-based efforts including the support and initiation of research," said Jeff Copeland, who co-founded The Wolverine Foundation in 1996. "Wolverine Brand’s donation is instrumental in working toward this goal and helps us provide grants to many meaningful wolverine research projects around the country."
"We are honored to be associated with The Wolverine Foundation, which leads the charge on many valuable research projects and awareness programs," said Kelly Redinger, marketing director for Wolverine. "The Wolverine Foundation is a natural fit for the brand as we strive to embody the tenacious, relentless spirit of the wolverine to create boots that perform in the harshest conditions."
Earlier this year the U.S. Fish and Wildlife Service proposed to list wolverines as threatened under the Endangered Species Act.
No comments found
Redbox names finance, marketing execs
OAKBROOK TERRACE, Ill. — Redbox, a wholly-owned subsidiary of Coinstar, has named Kiera Hynninen as its SVP marketing and Pamela Smith as its SVP finance. Hynninen will report into Anne Saunders, president of Redbox, and will oversee the company’s marketing efforts, including brand growth and a continued focus on strengthening consumer relationships. Smith will report into Galen Smith, incoming CFO of Coinstar, and will be responsible for managing financial planning and analysis, budgeting, financial strategy and deal support for the Redbox line of business.
"We are proud to welcome Kiera and Pam to the Redbox marketing and finance teams and as executive leaders within our organization," said Saunders. "Their talent and experience managing some of the nation’s most recognized brands will be an incredible asset as we continue to expand our offerings and establish Redbox as America’s destination for entertainment."
Hynninen brings more than 20 years of experience in the fields of marketing, branding and strategy. She most recently served as executive vice president of marketing to National Geographic Channels (National Geographic Channel / Nat Geo WILD) where she managed all aspects of marketing for the company. Prior to that, she worked as the senior vice president of strategic marketing at the Weather Channel where she was responsible for all marketing related to the cable network and weather.com. Hynninen also has deep experience promoting additional consumer brands including Kraft Foods and Holiday Inn. Hynninen holds a Master of Business Administration from the University of Chicago and a Bachelor of Science from the University of Richmond.
Smith brings more than 25 years of financial leadership to Redbox, with global expertise in operational areas including P&L management, strategic planning and change management. Most recently she was finance vice president, corporate planning & reporting for Sara Lee, where she was accountable for corporate financial reporting, planning and analysis, financial guidance recommendation, cash flow and corporate costs. Prior to that role she was the divisional CFO for the North America Retail segment. Prior to Sara Lee, Smith held leadership roles at Procter & Gamble and Bank of America. Smith earned a Bachelor of Science degree in Finance and Management from the University of Virginia.
No comments found