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Former Brooks Bros. exec named chief of The Limited
Columbus, Ohio -- The Limited said Wednesday it has appointed former Brooks Bros. president and COO Diane Ellis as its new CEO, effective Aug. 26.
In her role at Brooks Bros., Ellis oversaw information technology, human resources, retail and outlet stores, planning and allocation, product development, sourcing, supply chain, e-commerce and finance.
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Footwear sales strong at DSW
Buoyed by strong sales and growing profitability, leading footwear retailer DSW Inc., preannounced second quarter sales and plans for a 2-for-1 stock split in advance of the release of second quarter results on August 27.
DSW’s sales for the second quarter ended August 3, increased 9% to $558 million from $512 million and same store sales increased 4.3% on top of a prior year gain of 4.2%. Those results prompted the operator of 377 stores to increase its full year profit forecast to a range of $3.60 to $3.80 per share from the previous range of $3.40 to $3.60 per share.