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Tailored Brands appoints Dinesh Lathi to succeed William Sechrest as chairman of board

Tuesday, 28 Mar 2017 04:15pm EDT

Tailored Brands Inc : Tailored Brands appoints Dinesh Lathi to succeed William Sechrest as chairman of the board .Tailored Brands Inc says William Sechrest will remain on company's board of directors and serve on his current committees.

Pou Sheng International appoints Lee Shao-Wu as CEO

Friday, 24 Mar 2017 09:33am EDT

Pou Sheng International Holdings Ltd <3813.HK> :Lee, Shao-Wu, an executive director and acting ceo, has been re-designated as an executive director and ceo.

Pou Sheng International re-designates Lee, Shao-Wu as CEO

Friday, 24 Mar 2017 06:00am EDT

Pou Sheng International Holdings Ltd <3813.HK> :Lee, Shao-Wu, an executive director and acting CEO, has been re-designated as an executive director and CEO.

Citi Trends names Bruce Smith acting CEO

Thursday, 23 Mar 2017 07:45am EDT

Citi Trends Inc : Citi Trends, Inc. Announces executive transition . Citi Trends Inc - names Bruce Smith acting CEO . Citi Trends Inc - appoints Ed Anderson as executive chairman . Citi Trends Inc - Jason Mazzola has resigned as CEO and a director of company . Citi Trends Inc- board has commenced a formal search process to identify a permanent CEO . Citi Trends Inc - names Ed Anderson as executive chairman, effective immediately . Citi Trends Inc - board has reduced size of its board of directors to six members, from seven members, effective immediately .Citi Trends Inc- Smith will continue to serve as coo and cfo during search process.

Tom Tailor confirms appointment of Heiko Schaefer as new CEO

Tuesday, 14 Mar 2017 05:00am EDT

Tom Tailor : Heiko Schaefer named as new CEO of Tom Tailor Group .Names Heiko Schaefer as Chief Executive Officer (CEO) effective March 15.

Charles Voegele: Juerg Bieri appointed CFO

Wednesday, 22 Feb 2017 12:10pm EST

Charles Voegele Group AG :Juerg Bieri appointed Chief Financial Officer.

Tiffany & Co. and Jana Partners appoint 3 new independent directors to Tiffany's Board

Tuesday, 21 Feb 2017 07:00am EST

Tiffany & Co : Tiffany & Co. and Jana Partners announce appointments of three new independent directors to Tiffany & Co. Board of directors . Tiffany & Co says with addition of messrs. Farah, Lillie and Trapani, Tiffany & Co. Board will increase from 10 to 13 members . Tiffany & Co - with addition of Farah, Lillie and Trapani, Tiffany & Co. Board will increase from 10 to 13 members . Tiffany & co - will be limiting waivers under retirement age provisions in its governance documents . Tiffany & co - in connection with appointments, Tiffany & Co. has entered into cooperation agreements with each of Jana Partners and Trapani . Tiffany & co - under agreements, co will nominate messrs. Farah, lillie and trapani for election to board at company's 2017 annual meeting of shareholders . Tiffany & co - jana partners and trapani have agreed to customary standstill and voting commitments . Tiffany & co - additionally, pursuant to agreements, jana partners and trapani are committed to be independent of each other going forward . Tiffany & co -jana partners llc, which together with francesco trapani owns approximately 5.1 pct of tiffany's outstanding shares . Tiffany - in accordance with mandatory retirement age, one current director will not stand for reelection at 2017 annual meeting of stockholders.

Michael Hill International says HY same store sales up 0.8 pct

Thursday, 16 Feb 2017 05:01pm EST

Michael Hill International Ltd : Final dividend of AU 2.5 cents per share for year ended 30 june 2016 was declared on 18 August 2016 . HY operating revenue of $327.5m, up 5.4% on same period last year . HY same store sales for group of $306.0m, up 0.8% on same period last year . Board is still working through process of appointing a chief executive officer . There are plans for another ten michael hill and six emma & roe openings in second half . Acting chief executive officer, Phil Taylor will continue in interim role until a final decision has been made . Hy net profit after tax $25.8 million up 3.4 percent . "Company still views U.S. as a viable market" .Interim dividend of AU 2.5 cents per share compared to NZ 2.5 cents last year.

YNAP sees 2017 sales up 17-20 pct, in line with plan

Tuesday, 7 Feb 2017 12:42pm EST

Luxury online retailer Yoox Net-A-Porter Chief Financial and Corporate Officer Enrico Cavatorta tells an analyst call: sees net revenues in 2017 up 17-20 percent on organic basis, in line with the strategic plan guidance . expects EBITDA margin to slightly increase in 2017, also in line with company's plan . sees free cash flow generation in line with plan, expects lower cash absorption in 2017 with respect to 2016 Further company coverage: [YNAP.MI] (Reporting by Milan newsroom).

Michael Kors CEO - Will reduce promotional activity across retail and wholesale channels in Americas

Tuesday, 7 Feb 2017 12:29pm EST

Michael Kors : CEO - saw Q3 average unit retails hurt by highly promotional environment and continued fashion trends towards cross body and small leather goods . CEO - fashion watch category remained challenged which continued to negatively impact Q3 comparable sales . CEO on conf call- in stores, traffic declined in high single-digits to negatively impact Q3 comparable sales . CEO -believe Q3 European comp sales fell due to continuation of weak tourism trends and reduced consumer confidence related to Brexit and terrorist attacks in certain markets . CEO -beginning this month, reducing promotional activity across retail and wholesale channels in americas . Reducing promotional activity in retail and wholesale channels expected to hurt net sales in FY 2018, declines expected to moderate in FY 2019 . Anticipate market volatility in Europe throughout the calendar year . CEO- increasing penetration of footwear in our largest volume doors . CEO- new online dress shop scheduled to launch this fall . CEO- will significantly increase digital marketing spend to fuel fast growing ecommerce business globally . CFO- in fiscal 2018 anticipate modest top line growth driven by higher retail net sales, operating margin in the high teens and modest eps growth.

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