Apparel

Houston – Francesca’s Holdings Corp. grew its net income and sales during the second quarter of this year compared to the second quarter of last year, despite a slight drop in same-store sales. Net income grew about 15%, from $12.7 million to $14.6 million, while net sales rose 17% to $89.6 million.

Nashville, Tenn. - Harwood Feffer LLP is investigating potential claims against the board of directors of Genesco Inc., concerning whether the board has breached its fiduciary duties to shareholders. On August 29, 2013, Genesco disclosed that it may be forced to restate certain financial statements due to potential violations of generally accepted accounting principles.

Jacksonville, Fla. - Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Stein Mart Inc. The investigation focuses on whether Stein Mart and/or certain of its officers complied with the federal securities laws when making statements to investors.

GOODLETTSVILLE, Tenn. — Dollar General reported record sales, operating profit and net income for its second quarter ended Aug. 2, driven, in part, by the company’s newly introduced tobacco products and strong sales of perishables and candy and snacks.

The company’s net income increased 15% to $245 million in the quarter, from $214 million in the year-ago quarter, and earnings per diluted share of $0.75 in the quarter increased 17% over EPS of $0.64 in the year-ago quarter. 

BOSTON — Shoebuy.com, a leading global online retailer of shoes and clothing, has expanded its marketing leadership team with the appointments of Heather Adams as SVP of marketing and Kavita Baball as SVP of customer experience and retention. 

The opening of 79 new stores drove overall second quarter sales growth at Francesca’s Holdings, but same store sales declined, profits were less than forecast and the company lowered its expectations for the full year.

Despite the slight decrease in same-store sales, the company grew its net income 15% to $14.6 million, from $12.7 million, while net sales rose 17% to $89.6 million.

HOFFMAN ESTATES, Ill. — Sears Holdings is launching a menswear collection by Grammy Award-winning recording artist Adam Levine, exclusively at Kmart and ShopYourWay.com beginning Oct. 1.  

Levine's collection includes premium denim washes, outerwear, wovens, knits and accessories. 

MIAMI — Perry Ellis has appointed Stanley Silverstein as president of international development and global licensing. In this role, Silverstein will be responsible for driving the company's footprint globally across its brand portfolio. 

Silverstein joins the company from PVH Corporation where he was responsible for driving Warnaco's international expansion during his 29-year tenure. He will report directly to George Feldenkreis, chairman and CEO, and Oscar Feldenkreis, president and COO of the company.

SAN FRANCISCO — Mavatar Technologies has appointed Phil Schlein, former president and CEO of Macy's California and partner at U.S. Venture Partners, as chairman of its board of directors. 

Brooks Brothers has opened a flagship store location in San Francisco. At 26,000 sq. ft., Brooks Brothers at Union Square is the second largest retail location in North America.