News

MENOMONEE FALLS, Wis. — Kohl’s Department Stores has donated $25,000 cash in response to the recent wildfire which caused widespread damage and evacuations in the state of Colorado. Kohl’s is making this donation to the American Red Cross which will deliver much-needed emergency assistance throughout the affected communities including those near Colorado Springs.

CLEVELAND — American Greetings has expanded its line of justWink greeting cards.

Faucet manufacturer Moen Inc. promoted Ji Kim to director of global design, effective immediately. In her new role, Kim will be responsible for providing design leadership and vision for the global design team at Moen. She will set and drive strategy for product design in several countries for categories including faucets, showerheads, accessories and bath safety items.

INDIANAPOLIS — The Finish Line reported first quarter net sales of $319 million, an increase of 6.5% from the same period last year. Comparable-store sales were up 8% on top of a 6.5% increase last year.

The company reported earnings of 24 cents per diluted share.
   

ARLINGTON, Va. — Texas joins eight other states in taking legislative action requiring online-only retailers, notably Amazon.com, to collect sales tax. Online retailers will have to collect sales tax in Texas beginning July 1.

RACINE, Wis. — SC Johnson has reached an agreement to acquire ITW's (ITW) global Space Bag brand and related assets.

"We're thrilled to add Space Bag to our family of long-respected, leading household brands," said Fisk Johnson, chairman and CEO of SC Johnson. "It will enable us to strengthen our home storage offerings and it's a natural complement to our Ziploc Brand business."

Arlington, Va. --Texas joins eight other states in taking legislative action requiring online-only retailers, notably Amazon.com, to collect sales tax. Online retailers will have to collect sales tax in Texas beginning July 1.

Arlington, Va. -- The Retail Industry Leaders Association (RILA) gave voice to concerns after Thursday's Supreme Court ruling that  upheld the individual-mandate within the Affordable Care Act.

“With the Supreme Court decision now behind us, the focus must turn to the employer-mandate and the effect that impending changes to employer-sponsored coverage will have on the nearly 170 million Americans who receive health care through their employer,” said RILA president Sandy Kennedy.

New York -- New York & Co. has named former Ann Taylor executive Laura Weil as its new COO.

Weil, who has served as a consultant at the company since February, was Ann Taylor COO from 2008 to 2011.
 

New York -- The Finish Line Inc. said Friday its fiscal first-quarter profit fell 25% as higher costs offset sales growth.

For the quarter ended June 2, the company earned $12.3 million, just beating Wall Street expectations, down from $16.4 million in the year-ago period.

Sales rose 6.5% to $319 million, from $299.5 million. Same-store sales were up 8%.

The company's cost of sales rose 9.3% to $214.4 million. Selling, general and administrative expenses increased 11% to $84.8 million.