×
443
Fashion Jobs
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
PARK RETAIL MARKETING PVT LTD
Job Opening For Area Sales Manager
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Rohtak
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager - Diagnostic / Healthcare
Permanent · Pune
Published
Aug 28, 2011
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Collective Brands closing hundreds of stores to optimise performance

Published
Aug 28, 2011

US group Collective brands, the parent company of Saucony, Stride Rite, Keds, Payless Shoesource and others, is getting ready to close around 475 points of sales within the next three years, of which 300 should close until the end of this year. On target are 75 Stride Rite stores and 400 Payless stores in the United States, Canada and Porto Rico.

Collective Brands
Payless ShoeSource

The affordable shoe retailer – whose store network represents the majority of stores operated by Collective Brands (4,455 out of a total of 4,839) – has been facing some economic difficulties in its domestic market, where sales have been affected by stiff competition from new industry players. The stores being closed have been described by Collective Brands as “under-performing”, but the new strategy should allow the group to give a boost to its sales.

In fact, for the second quarter of fiscal 2011, which ended on July 30th, Collective Brands reported a net loss of 35 million dollars despite a 4.9% increase in net sales to $882.4 million dollars due to the positive results brought in by international sales.

The announcement of its plan to shut multiple stores had the immediate aim to enhance the group’s shareholder value, although some analysts think that Collective Brands could be seeking a buyer for Payless ShoeSource.

Copyright © 2021 FashionNetwork.com All rights reserved.