In Brief: Three More Years … Finish Line Promotes Three …
THREE MORE YEARS:
Licensor Cherokee Inc. has extended its Cherokee brand licensing agreement with France’s Carrefour SA, the international distribution giant, through 2006. Since the initial deal was signed in 2000, Carrefour has...
Licensor Cherokee Inc. has extended its Cherokee brand licensing agreement with France’s Carrefour SA, the international distribution giant, through 2006. Since the initial deal was signed in 2000, Carrefour has launched the brand in Spain, Portugal, Greece and most recently, France and Italy, according to Steve Ascher, Cherokee’s executive vice president. Second to Wal-Mart Stores Inc. in retail size, Carrefour is the largest global retailer outside of North America, with more than 9,600 stores in 30 countries. Annual sales last year exceeded $72 billion. Carrefour sold $4.5 million worth of merchandise bearing the Cherokee label in the first quarter of fiscal 2004, netting Cherokee revenues of $50,000, according to documents filed with the Securities and Exchange Commission. For the first quarter ended May 3, Cherokee reported revenues of $12.1 million, compared with $11.5 million for the year-ago period. Net income rose to $5.3 million or 63 cents a diluted share, compared with $5.1 million or 61 cents for the comparable period last year.
FINISH LINE PROMOTES THREE:
The Finish Line Inc. appointed Jason Short and Mike Watson to the newly minted positions of divisional merchandise managers of footwear, and named Kathleen Kaplan to the new position of dmm of apparel. Short is responsible for children’s footwear, specialty, men’s and women’s running, technical tennis, walking and women’s fitness, while Watson oversees men’s and women’s basketball, boots, sandals, athletic casual and men’s cross-training. Kaplan assumes responsibility of all aspects of the Finish Line apparel division including private label, branded and licensed merchandise. Previously, Short and Watson had served as senior footwear buyers, and Kaplan had been senior apparel buyer. All will report to Tim Geis, senior vice president of merchandise at the Indianapolis-based chain, who will add to his current responsibilities by overseeing all footwear and apparel buying.
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)