Schuh Group acquisition cuts into Genesco Q2 earnings
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.
HSN teams with celebs for ‘Fashion Edit’
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.
HSN unveils “The Fashion Edit” for fall 2014
HSN has re-energized its seasonal offerings with "The Fashion Edit," the company's annual fall fashion series, now through September 24.
"'The Fashion Edit' is HSN's ultimate shopping event. This year we have curated an exciting collection of brands and merged seasonal trends with essential classics to help our customer revive her fall wardrobe," says Anne Martin-Vachon, chief merchandising officer for HSN. "We are excited to share the collections of all our eminent brands and thrilled to be the exclusive launch partner for Stories…by Kelly Osbourne!"
"The Fashion Edit" is HSN's fall fashion series during which the multichannel retailer features trending merchandise for the season with a balanced mix of brands across all categories. The focus is on offering shoppers a personalized style.
The Stories…by Kelly Osbourne assortment includes trend-driven designs for woman of all ages, shapes and sizes: tops, bottoms, jackets and dresses, all offered in sizes 0 to 24.
Celebrity stylist and designer June Ambrose is returning to the network with the launch of an exclusive new lifestyle collection titled June by June Ambrose which includes footwear, handbags and fashion pieces. The fashion pieces are designed to be worn either on their own or together, as if you were "styled by June." Highlights include a maxi leather skirt, a tartan riding pant and a printed moto jacket. The collection ranges in price from $79.90 to $199.90.
Contemporary American handbag brand, Emma Fox, is also making its debut appearance on the network during The Fashion Edit. The assortment ranges from $24 to $299.
The HSN Fall Fashion series will 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 and Trish McEvoy.