Finish Line Q1 profit falls on costs but still beats Street
New York — The Finish Line Inc. said Friday its fiscal first-quarter profit fell 25% as higher costs offset sales growth.
For the quarter ended June 2, the company earned $12.3 million, just beating Wall Street expectations, down from $16.4 million in the year-ago period.
Sales rose 6.5% to $319 million, from $299.5 million. Same-store sales were up 8%.
The company’s cost of sales rose 9.3% to $214.4 million. Selling, general and administrative expenses increased 11% to $84.8 million.
Moen names global design director
Faucet manufacturer Moen Inc. promoted Ji Kim to director of global design, effective immediately. In her new role, Kim will be responsible for providing design leadership and vision for the global design team at Moen. She will set and drive strategy for product design in several countries for categories including faucets, showerheads, accessories and bath safety items.
“Since Ji joined our design team in 2004, she has made significant contributions to our global product designs, showrooms and overall design strategy,” said Michael Pickett, VP global strategic development, Moen. “Ji has proven her strength as both a designer and a leader – she is well positioned to take on this new and challenging role.”
Prior to her new position, Kim served as the industrial design manager at Moen. In this role, she served as a strategic partner to the U.S. retail business group, leading industrial design efforts for customers including The Home Depot, Lowe’s, and Menards, among others.
Before her career at Moen, Kim worked as an industrial designer at Evo Design, a Connecticut-based, creative industrial design firm. Her clients included a wide range of companies such as Nike, Kodak, Samsonite, Safety First, and Schick. Prior to her role at Evo, Kim was a footwear designer at Titleist and FootJoy, where she managed all aspects of golf shoe design – from concept to market.
American Greetings expands justWink line
CLEVELAND — American Greetings has expanded its line of justWink greeting cards.
Each justWink card comes with a QR code and URL on the back that directs consumers to a free justWink app for iPhone and Android phones. Through this app, users can send digital cards via text, email or Facebook. iPhone users can also select a "real mail" option, which allows them to send a personalized card to a friend’s mailbox for $2.99. In addition, digital cards can be created and sent for free through the justWink website or through the Nook version of the app.
The expanded paper collection features bold colors, adorable illustrations, and witty copy for every occasion from birthdays and anniversaries to weddings and babies and everything in between, the company said.
"We know our consumers love having really clever, super cute cards at their fingertips and we’re excited to bring a new collection of paper cards into the stores where they’re already shopping so that they can experience all of the glitter and whimsy firsthand," says Kelly Ricker, justWink brand manager and executive director of product development. "Between the cards, the app and the website, we’ve made it easy and fun to send friends the freshest content anywhere, anytime."
The new collection of justWink cards can be found at participating drug chains, grocery stores and mass retailers nationwide. In addition, the justWink app can be downloaded for free from the Android Market, iTunes App Store, and Nook app store giving users 24/7 access to the complete and growing collection of more than 350 cards. For more information, visit www.just-wink.com or www.facebook.com/justwink.