Direct To Consumer (DTC)

New Albany, Ohio -- Abercrombie & Fitch Co. said Wednesday that overseas strength pushed its net income to $25.1 million for the first quarter, compared with a loss of $11.8 million a year earlier.

As previously reported, revenue rose 22% to $837 million, helped by a 64% surge in international revenue.

Columbus, Ohio -- The Bath and Body Works unit of Limited Brands said Tuesday it has named former Lands’ End president Nick Coe as its new CEO.

Current CEO Diane Neal, at the helm since 2007, will remain in that role through the summer. After that, she will transition into an advisory role with the company and work from San Francisco, according to the company.

Before working a Lands' End, a subsidiary of Sears Holdings Corp., Coe held senior merchandising jobs at Gap’s Banana Republic and at Levi Strauss.
 

COLUMBUS, Ohio — Bath and Body Works announced that it has named Nick Coe, formerly president of Lands' End, as its new CEO. The current CEO of Bath and Body Works, Diane Neal, will remain in her role as CEO through summer and then transition into an advisory role with the company from San Francisco. 

Columbus, Ohio -- DSW announced Tuesday that it has Todd S. Cordell as senior VP human resources, effectively immediately.

Cordell will be responsible for all HR activities in support of DSW Stores, DSW.com, and the DSW Leased Business Division. 

Cordell was previously VP human resources for Starbucks Coffee Co.

COLUMBUS, Ohio — DSW has named Todd Cordell as SVP human resources.  Cordell will be responsible for all human resources activities in support of DSW Stores, DSW.com, and the DSW leased business division.  

"Todd brings a wealth of experience and expertise in all areas of the Human Resources function, most particularly Organizational Development," said Michael MacDonald, CEO of DSW Inc.  "I am confident Todd will help DSW attract, develop and retain top talent in support of our key strategic growth initiatives."

Wallingford, Conn. -- Edible Arrangements announced on Tuesday aggressive expansion plans, with the goal of opening 150 new locations in 2011, and 200 additional locations in 2012.

During the next several weeks, 19 stores are scheduled to open in 10 states and two Canadian Provinces.

Additionally, two international locations are expected to open soon in Saudi Arabia and another in Oman. Currently, Edible Arrangements has over 934 open locations, including in 10 countries outside the United States and Puerto Rico.

NEW YORK — Saks Inc. announced reported net income of $28.4 million, or 16 cents per diluted share, for the first quarter. For the prior year first quarter, the company recorded net income of $18.8 million, or 11 cents per diluted share. 

Stephen Sadove, chairman and CEO, noted, "I am very pleased with our first quarter results. Our improved year-over-year performance was driven by a 10.2% comparable-store sales increase and continued gross margin rate improvement."

Belfast, Ireland -- A report in the Belfast Telegraph Tuesday said that Wal-Mart-owned supermarket chain Asda has released plans to open its first George stores overseas as it looks to turn the fashion label into a global retail brand.

The chain has set up a team at George's Lutterworth, Leicestershire base to explore entering into franchise arrangements for the first time. According to the report, George expects to announce its first partner in the Middle East in the next few months, followed by store openings in the first half of 2012.