Footwear

Birmingham, Ala. -- Hibbett Sports profit in the second quarter declined 21% amid higher store operating, selling and administrative expenses. Net income for the 13-week period ended August 2, 2014, was $8.4 million compared with $10.5 million for the 13-week period ended August 3, 2013
  
Net sales for the quarter increased 4.1% to $193.9 million compared with $186.2 million for the 13-week period ended August 3, 2013. Same-store sales edged up 0.1%.
  

New York -- Foot Locker on Friday turned in another winning performance, posting sales and income for the second quarter that topped analysts’ estimates.

Net income for the quarter increased to $92 million, from $66 million in the year-ago period.

Total sales increased 12.9%, to $1.64 billion, compared with $1.45 billion for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the second quarter increased 11.7%.  

Secaucus, N.J. -- The Children's Place, Inc. reported a loss of $10.7 million in the quarter ended Aug. 2, compared to a loss of $23.6 million in the year-ago period. Sales edged up to $384.6 million, from $382.4 million for second quarter 2013.

Same-store sales increased 0.8%.

Chicago — Turkish fashion concept, SARAR, signed a lease at 111 West Washington Street in Chicago for 3,139 sq. ft. Mid-America Vice President Michael Wexler represented SARAR in the transaction. Danielle Rudas and John Vance of Stone Real Estate represented the landlord.

This will be SARAR’s third location in Illinois. The new location is expected to open in fall 2014. 

Las Vegas -- A resident of Las Vegas has launched a shoe vending machine, according to the Las Vegas Business Press. The business was born of a need to change out of high heels and into more comfortable footwear.

Ashley Ross launched Rollasole, a vending machine that dispenses comfortable flats. MGM Resorts International sells the shoes in several of its retail outlets in its Las Vegas resorts. And the shoes can be purchased in stores at Wynn Las Vegas and The Cosmopolitan of Las Vegas as well.

New York -- Dick’s Sporting Goods reported second quarter net income of $69.5 million, below expectations, compared to $84.2 million the prior year. Its results included a $20.4 million charge related to restructuring of the company’s golf business,

The retailer reported $1.7 billion in revenue, up 10.3% from the same period last year and in line with estimates. E-commerce sales increased to 6.3% of sales, from 5.6% of sales the prior year.

Dick’s Sporting Goods overcame weakness in its golf and hunting businesses to generate much better than expected second quarter same store sales and made further inroads in e-commerce.

New York -- Aeropostale announced that Julian R. Geiger has rejoined the company as CEO, effective immediately. He succeeds Thomas P. Johnson, a former Brooks Brother executive who was appointed to the top spot at Aeropostale after Geiger left his CEO post in 2010.

In 2011, Geiger was named president and CEO of Crumbs Bake Shop. He resigned from Crumbs at the end of December 2013, and rejoined the Aeropostale board in May. (Crumbs closed all its stores in July 2014.)

East Rutherford, N.J. -- Cushman & Wakefield’s retail team in New Jersey has taken on three new leasing assignments, with projects spanning the Northern New Jersey market, in Morris, Essex and Hudson counties.

New York -- Fred Segal will open The Fred Segal Collective, a multi-store retail experience, at SLS Las Vegas as part of the hotel’s opening on Aug. 23. In an unusual move, the brand will occupy all of the retail space in the resort.

The Collective will be integrated throughout the entire SLS experience, creating shopping opportunities from the pool to the casino and dining areas. It will encompass nearly 10,000 sq. ft., with seven individual stores, including She, He, Jeans, Shoes, Jewels, Play and Goods.