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Mall traffic impacts Wet Seal forecast
Foothill Ranch, Calif. – The Wet Seal Inc. revising its financial guidance for the third quarter of fiscal 2013 ending November 2, 2013. The company now expects to report a same-store sales increase in the low-single digits, compared to previously forecast mid-single digits, as well as a larger net loss than previously estimated.
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Sport Chalet elects Tory Burch exec to board
Los Angeles -- Sport Chalet, Inc. has elected Miki R. Berardelli, chief marketing officer for Tory Burch, to the company's board of directors. Berardelli has more than 20 years of marketing and e-commerce experience.
As chief marketing officer for Tory Burch, she oversees global marketing, public relations and e-commerce. Prior to joining Tory Burch in 2009, Berardelli spent eight years at Ralph Lauren as the senior VP of marketing. In addition, Berardelli is serving her second term as board chairman of Shop.org and is on the board of Giggle.com.