FINANCE

Schuh Group acquisition cuts into Genesco Q2 earnings

BY Dan Berthiaume

Nashville, Tenn. – Deferred expenses related to its 2011 purchase of Scotland-based Schuh Group, as well as a change in accounting for bonus for awards, reduced net income at Genesco Inc. to $4.8 million in the second quarter of fiscal 2015, down 43% from the same quarter the previous year.

Net sales for the second quarter of fiscal 2015 increased 7.1% to $615 million from $575 million in the second quarter of fiscal 2014. Consolidated second quarter 2015 same- sales, including same-store sales and comparable e-commerce and catalog sales, increased 2%. The company reduced its earnings guidance for the full fiscal year.

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MARKETING/SOCIAL MEDIA

HSN teams with celebs for ‘Fashion Edit’

BY Dan Berthiaume

St. Petersburg, Fla. – HSN Inc. is running "The Fashion Edit," the company’s annual fall fashion series, now through Sept. 24. The retailer is partnering with a number of celebrity designers, including Kelly Osbourne, June Ambrose and Emma Fox.

The HSN Fall Fashion series will also feature new styles from HSN’s Fall Fashion Edit designers such as Diane Gilman, Giuliana Rancic, Hal Rubenstein, Iman, Liz Lange, Marla Wynne, Rhonda Shear, Serena Williams, Slinky, and Snob Essentials, as well as brands from the Beauty Series including Korres, Smashbox, Serious Skincare, Trish McEvoy, and more.

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OPERATIONS

Specialty Running Group names RunOn founder as senior advisor

BY Dan Berthiaume

Denver – The Running Specialty Group, part of The Finish Line Inc. organization, has appointed Bob Wallace as senior advisor, strategic initiatives. Wallace founded specialty running retail chain RunON, which Running Specialty Group purchased in 2012.

Wallace will serve as a key counselor to strategically plan and integrate growth opportunities surrounding industry trends while focusing on attaining operational excellence and being an ambassador to the running community. He entered the specialty running business in 1995.

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