Strategy

Fashion footwear brand Steve Madden cited a curious lack of significant fashion trends when it lowered its full year financial outlook after reporting a third quarter sales decline.

The company, which is known to be a trend-setting in the footwear world, said sales for the period ended Sept. 30 declined 0.7% to $392 million and indicated full year sales were likely to increase 1% to 2%.

New York –- Online lingerie retailer Adore Me has achieved 300% year-over-year growth in revenue while using Dotcom Distribution fulfillment and logistics solutions. Adore Me has leveraged Dotcom’s capabilities to adjust to increasing order volume to promote rapid growth and customer satisfaction.  

The legendary Beatle Ringo Starr will be bringing his talents and style to SKECHERS where he’s agreed to appear in the footwear company’s global marketing campaign for SKECHERS Relaxed Fit footwear.  The new multimedia campaign featuring Ringo will begin in Spring 2015.   World’s most famous drummer will be a face and voice of the campaign which will kick off with a new television spot that adopts the humorous as a signature of the Relaxed Fit footwear commercials.   

Washington, D.C. -- September retail sales, excluding automobiles, gasoline stations and restaurants, decreased 0.1% seasonally adjusted month-to-month yet increased 4.6% unadjusted year-over-year. According to the National Retail Federation (NRF), seasonal factors played a role, but the drop-off from August was worse than expected.  

Strong international growth offset a decline in domestic sales at WD-40 where the company produced its highest volume fourth quarter ever.

Total net sales for the period ended August 31, increased 4% to $97.6 million while full year sales increased 4% to $383 million. WD-40 has a strong international presence and the impact of currency exchange rates favorably impacted results. On a constant currency basis total net sales were $93.9 million for the fourth quarter and $377.7 million for the full fiscal year.

President Barack Obama has taken heat over his use of executive orders, but that wasn’t the case on Friday when retail trade groups lined up behind the president in support of wide ranging data security measures.

Philadelphia –- Urban Outfitters Inc. is warning that continued negative same-store sales in the third quarter of fiscal 2014 may have an impact on quarterly earnings. The specialty apparel chain said declining same-store sales could deleverage gross profit margin for the third quarter at a rate greater than during the first half of the year, leading to dampened profits.  

New York, N.Y. -- Savills Studley, a global commercial real estate services firm specializing in tenant representation, announced the promotion of Stephen G. Berliner executive VP & branch sanager, New York Office to executive VP, New York Tri-State Region.