Apparel

NEW ALBANY, Ohio — Abercrombie & Fitch shrunk its net loss during the first quarter of 2013 but still reported thin financial results. Net loss for the quarter was $7.2 million, compared to $21.3 million during the first quarter of 2012. The results missed analysts’ estimates.

Net sales dropped 9% from $921.2 million to $838.8 million. Same-store sales plummeted 17%. Direct-to-consumer sales fell 6%. U.S. same-store sales fell 14%; international comparable sales were down 16%.

COLUMBUS, Ohio — Quantum Health has appointed former Express executive Elliott R. Tobias as the company’s VP of human resources.

 

CINCINNATI — Kroger has announced the retirement of Quintin Frey, president of Turkey Hill Dairy. Frey began his career with Kroger at Turkey Hill Dairy in 1980 as a management trainee. He served in a variety of leadership roles before being promoted to serve as president in 1991.

"Quintin has been a great ambassador for the Turkey Hill brand and an important part of the Kroger leadership team," said Kroger chairman and CEO David B. Dillon. "The Kroger family extends our thanks and best wishes to Quintin and his family."

FOOTHILL RANCH, Calif. — The Wet Seal’s CEO focused on the positive following the company’s first quarter results for the period ended May 4.

DALLAS — Haggar Clothing Co. has appointed Don Schneider as the company's VP director of sales. He will report to Tadd Parnell, SVP national sales manager.

Hagger will look to Schneider to lead the company's continued growth and management of its top national accounts, with special focus on Haggar dress shirts and sweater collections and the Haggar C18 golf collection.

NEW YORK — Foot Locker has posted the best quarterly profit results in its history for the first quarter ended May 4. The company's net income for the quarter was $138 million, a 10% increased from $128 million for the same period last year.  

The New York-based specialty athletic retailer's first quarter comparable store sales increased 5.2%.

How does a company whose strengths are more on the creative and design side than the technology side achieve strategic agility through the use of IT? According to Michael Relich, executive VP and CIO of vertical apparel retailer Guess, a flexible approach that focuses more on solving business problems than on meeting technical specifications goes a long way toward getting the most business value from your IT investments.

Kearney, Neb. -- The Buckle reported Thursday that net income for the quarter ended May 4 fell slightly to $37.6 million, compared with $37.8 million in the year-ago period. Results were impacted by higher operating expenses.

Revenue increased 2.3% to $269.7 million from $263.8 million, and same-store sales edged up 1.2%.

 

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Secaucus, N.J. -- The Children's Place Retail Stores said Thursday that net income for the first quarter dropped to $19.3 million, from $28.3 million in the year-ago period.

Revenue declined 3.5% to $423.2 million, compared to $438.5 million last year, and same-store sales fell 5.5%.