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Aeropostale makes executive appointments
New York City -- Aeropostale announced three executive appointments that realign responsibilities and strengthen its leadership team. Among the changes, Marc D. Miller, senior VP of strategic planning and new business development, has been appointed CFO.
In other appointments, Michael J. Cunningham, president, will expand his role and assume additional responsibilities over planning and allocation, construction, logistics and real estate. He will also remain responsible for the finance organization, investor relations and information technology.
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Finish Line Q3 profit down on lack of tax benefit
New York City -- The Finish Line said Tuesday that its fiscal third-quarter net income fell 37% as a one-time leg up from a tax windfall last year was not repeated.
Net income in the three months to Nov. 27 hit $4.1 million, from $6.6 million a year ago. Last year's tax benefit amounted to $6.4 million. Revenue rose 9% to $260.9 million, from $240.1 million. Same-store sales were up 4.5% from Nov. 28 through Dec. 19, compared with the same period a year ago.
The results were better than analysts’ estimates.