BAUER POSTS LOSS IN QUARTER: Eddie Bauer Holdings Inc. on Tuesday posted a second-quarter loss of $42 million, or $1.40 a diluted share, for the period ended July 1 against income of $69.5 million in the same year-ago three months, which included a pretax gain of $107.6 million related to the company’s emergence from bankruptcy and its required adoption of fresh-start accounting. Total revenues in the period fell by 7.4 percent to $225.7 million from $243.8 million, while same-store sales decreased by 5.9 percent. “While we are disappointed with our second-quarter performance, we are looking forward to the upcoming introduction of our new fall product line in our stores, in our catalogues and online,” said Fabian Mansson, chief executive officer, in a statement.
DIAMONDS CUT: JCK Events has canceled Diamonds by JCK, a diamond-specific jewelry trade show that was launched in October. The show was set to take place at Pier 94 in Manhattan, Oct. 17 to 19. “After a careful review of the event and the market, we came to the conclusion that the industry could not support a niche event of this kind,” Dave Bonaparte, vice president for JCK Events, said in a statement. JCK Events also produces JCK NYC Invitational, JCK New Delhi, and the Swiss Watch by JCK and Luxury by JCK shows in Las Vegas, as well as the flagship JCK show there.
SEARS APPOINTMENTS: Sears Holdings named two vice presidents and general merchandise managers in its Sears division: Mark Fedyk, for center core, which includes intimate apparel, accessories and fine jewelry, and Linda LaCerva, for children’s and infants’ apparel and baby hard lines. They will report to Dan Laughlin, senior vice president of merchandising for Sears. Fedyk has spent most of his career with Saks Inc., most recently as senior vice president and gmm for corporate cosmetics. LaCerva most recently was the chief executive at Wormser Co., a $40 million apparel manufacturer, and has 20 years’ experience at various retailers, including Montgomery Ward, May Co., Target and Value City.
This story first appeared in the August 16, 2006 issue of WWD. Subscribe Today.