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Former Home Depot exec joins lighting company
TCP, the Aurora, Ohio-based manufacturer of energy efficient lighting products, has announced that industry veteran Jorge Fernandez will be joining the company in the position of SVP business development. Fernandez comes to TCP from Home Depot, where he led the company’s energy efficient lighting category.
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Children's Place Q1 profit up 4%, forecasts miss Street
Secaucus, N.J. -- The Children's Place Retail Stores reported Thursday that profit for the quarter ended April 30 rose 4% to $29.1 million, compared with $27.9 million a year earlier. The retailer cited better product assortment, strong online sales and inventory-control efforts for the improved performance.
Children’s Place also increased the low end of its full-year earnings outlook range, but its 2011 and second-quarter forecasts missed Wall Street's expectations.