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Genesco Q4 net income up 19%

BY CSA STAFF

Nashville, Tenn. — Genesco said Friday that its net income rose 19%, boosted by acquisitions and higher revenue from its stores.

Net income rose 19% to $30.9 million, from $25.9 million in the prior-year period. Revenue rose 17% to $560.5 million, from $479 million. Analysts expected revenue of $539.8 million.

Same-store sales were up 9%.

For the full year, net income rose 85% to $53.2 million. Revenue rose 14% to $1.79 billion, from $1.57 billion.

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New chief at Home Depot Canada

BY CSA STAFF

ATLANTA — The Home Depot announced that Bill Lennie has been named president, The Home Depot Canada, effective immediately. Lennie will replace Aaron Carmack, who is taking an extended leave of absence to attend to a personal illness.

"We are fortunate to have an executive with Bill’s experience and leadership abilities who can quickly step into this critical role," said Frank Blake, chairman and CEO. "We wish Aaron the best and look forward to his return."

Carmack will assume a different leadership role within the organization when he returns.

Lennie most recently served as the Company’s senior vice president of Merchandising, International and Sourcing for The Home Depot. In this role he was responsible for proprietary brands, environmental innovation and providing strategic direction on products and pricing to the Company’s international operations, including Canada.

His career at The Home Depot began in 1992, when he joined as a merchant for Millwork and Building Materials. Bill took on increasing responsibilities and was promoted to senior vice president of Décor in 2002. He left the Company in 2006, but returned in 2009 from Dick’s Sporting Goods, where he was senior vice president of Merchandising, Hardlines.

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Just zip it, Levis appoints ex Nike exec to run marketing

BY CSA STAFF

Rebecca Van Dyck was named global chief marketing officer of the Levi’s brand where she will be responsible for the development and implementation of fully integrated marketing strategies across all of the Levi’s brand’s product categories and consumer communication channels. Dyck joins the company from Apple Inc. where she led the worldwide marketing and communications strategies for some of the world’s most well-known and admired product launches, including introducing the iPhone, iPad and iPod + iTunes. Prior to Apple, she was with Nike were she was a primary architect of Nike’s "Just Do It" campaign.

“Becca is a world-class marketer whose deep understanding of consumer behavior and innovative approach to engaging with consumers will help take the Levi’s brand to the next level," said Robert Hanson, president of the global Levi’s brand. "Her proven success in creating and managing consistent and disciplined marketing experiences across diverse geographies and cultures will be a tremendous asset."

"Levi’s is one of the world’s most innovative and iconic brands and I am looking forward to building upon its heritage," Van Dyck.

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