Shoe Carnival Reports Loss
Evansville, Ind., Shoe Carnival Inc. announced Tuesday that its net sales for the 13-week period ended Nov. 3 decreased 8% to $173.9 million from $189.1 million for the same timeframe a year ago.
Same-store sales declined 5% for the quarter, and the company’s gross margin decreased 29.1% compared to 30% for the quarter last year. Net income was $4.2 million compared with $8.4 million last year.
While all retailers are feeling the fallout from “an extraordinarily warm fall selling season that has suppressed the sales of traditional fall and winter product, we continue to aggressively manage both the composition and level of our inventories,” said Mark Lemond, the chain’s CEO and president. “Consequently, at the end of the third quarter, inventories on a per-store basis were down approximately 1.5% from the third quarter of last year.”
Dillard’s debuts female activewear dept.
LITTLE ROCK, Ark. Dillard’s announced today the launch of its new female-oriented activewear department.
Dillard’s new Tranquility department features yoga-inspired multipurpose activewear supporting the multi-faceted, busy lifestyle of the female Dillard’s customer, the company reported.
According to the company, the Tranquility department is designed for the busy woman, who may not have the time to change clothes after going to exercise. The clothes are meant to be functional at the gym, but fashionable enough to be worn throughout the day, Dillard’s announced.
Dillard’s president Alex Dillard stated, “The launch of Tranquility is a perfect example of how we are responding to the changing needs of our customer with fashions supportive of her active lifestyle and reflective of her contemporary attitude.”
Tranquility features six active apparel lines is currently found in 25 Dillard’s locations. Selections from Tranquility are also available online at www.dillards.com. The company expects to expand the department to 100 stores for the upcoming spring 2008 season and into additional locations for fall 2008.
‘Heroes’ star to represent Dooney & Bourke
NEW YORK “Heroes” star Hayden Pannettiere will represent the Dooney & Bourke this December as the brand’s guest designer for the company’s national ad campaign, Dooney & Bourke announced last week. As part of the collaboration, Dooney & Bourke is introducing The Hayden Bag, which is targeted toward the young consumer.
Using Panettiere ideas, designer Peter Dooney created the limited edition Hayden Bag, which retails for $500, the company reported.
The collections featured in the Hayden advertising campaign are scheduled to hit Dooney & Bourke retail boutiques by the end of the year. They will also be available at department stores such as Bloomingdale’s, Lord & Taylor, Macy’s, and Nordstrom and online at www.dooney.com.