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Mattel Q4 sales up, no thanks to Barbie
EL SEGUNDO, Calif. — Mattel reported a fourth-quarter net sales increase of 5% to $2.26 billion from $2.15 billion for the same period last year.
For the fourth quarter, the company reported net income of $306.5 million, or 87 cents per share, compared with last year's fourth quarter net income of $370.6 million, or $1.07 per share. -
Former Coach exec gets foot in Nine West
NEW YORK — The Jones Group Inc. has appointed Joseph Stafiniak to the newly created position of SVP merchandising of Nine West, effective immediately. In this role, Stafiniak will operate as the lead merchant for Nine West overseeing merchandising strategies and the execution of product to meet the expanding needs of the brand's global business. He will report to Kathy Nedorostek, group president of global footwear and accessories.