ABG’s Jamie Salter talks future plans for Nautica and its acquisition pipeline.
The company said it saw increases in all business segments during the fourth quarter.
The footwear retailer has already pre-negotiated a plan of reorganization, which it filed with the court.
The pilot partnership with Aldi will initially be in five to 10 stores this year.
Kohl’s posted a 6.3% gain in comps for Q4.
The company plans to use the raise to fund pop-up tours to raise awareness of the brand.