News

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.
 

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.
   

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.

NEW YORK — Macy's is offering Katy Perry fans the chance to see her movie, "Katy Perry: Part of Me," for free just for shopping in its stores. On Saturday, June 30, at more than 650 Macy’s locations nationwide, with any purchase of $50 or more in the Macy’s MSTYLELAB departments customers will receive one ticket to the film.

NEW YORK — New York & Company, a specialty apparel chain with 541 retail stores in operation as of May 17, has named Laura Weil as EVP, COO, effective immediately. Weil, an executive consultant of New York & Company since Feb. 1, will continue to report to Greg Scott, CEO, and lead the company’s planning and allocation, sourcing, product life management, real estate, and information technology areas.

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.

Goodwill Industries of Arkansas received a $350,000 grant this week thanks to the Walmart Foundation and the Walmart NW Arkansas Championship presented by P&G.

Goodwill is the primary charitable beneficiary of this year’s Walmart NW Arkansas Championship presented by P&G, which got underway this week amid triple digit temperatures at the Pinnacle Country Club in Rogers, Ark. The funds the organization received will be used to support a program called Providing Opportunities for Women through Education and Resources (POWER).

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.