MCNABB BACK TO FACTORY 2-U: Factory 2-U Stores Inc. has brought Mary McNabb out of retirement to serve again as executive vice president of merchandising. McNabb, 53, formerly executive vice president of merchandising and marketing for Factory 2-U, succeeds Mary Kwan, who left last May for family reasons, according to the retailer. As reported, the 257-unit off-price chain is seeking a replacement for Michael Searles, president and chief executive. Searles in August said he would stay with the chain until a successor is found. The company has been struggling with poor results recently. It sells branded casual apparel for the family, as well as selected domestics and household merchandise.

AVON REASSERTS: Avon Products Inc. maintained its third-quarter earnings estimates of 47 cents a share, before a special charge of 10 to 20 cents for its business transformation initiatives. Sales in local currencies are slated for a double-digit uptick compared with a year ago, driven by improvements in unit volume and the number of active representatives. For the full year, the direct beauty merchant is looking for EPS of $2.30, before charges.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus