-
The Children's Place appoints new EVP & CFO
SECAUCUS, N.J. — The Children's Place has appointed Michael Scarpa as its new EVP and CFO, effective Dec. 3. Scarpa replaces Steven Baginski, who will be leaving the company, effective immediately, to pursue other interests. He will report to Jane Elfers, president and CEO.
-
Fancy footwork in the shoe department
The footwear category is one fire judging from the recent performance of two leading retailers.
Brown Shoe Co., operator of 1,300 Famous Footwear and Naturalizer stores, said its same store sales for the quarter ended October 27 increased 6.8% and adjusted earnings increased 18.3% to $25.9 million or 51 cents a share.
Rival DSW, operator of 364 stores, said its same stores sales for the third quarter ended October 27 increased 6.1% and adjusted net income increased 17% to $46.6 million, or $1.02 per share,.