SIMA Appoints New Board President And Vice President

Kelly Gibson is stepping down as CEO of Rip Curl position to pursue new opportunities and is therefore also stepping down as SIMA president. SIMA’s board of directors appointed Shannan North of Billabong to fill the vacated president position. 

Stage Stores Widens Q2 Loss

Stage Stores Inc. reported that for the second quarter, comparable sales decreased 0.2 percent. Loss before income tax was $16.8 million compared to a loss before income tax of $9.6 million in the second quarter 2017, driven by investments in the growth of the off-price business, additional supply chain costs, and increased promotional markdowns.

Ross Stores Lifts Store-Growth Targets

Ross Stores reported net earnings in the second quarter rose 22.7 percent as same-store sales grew 5 precent.  The off-pricer also increased its long-term store growth potential.

The Buckle’s Earnings Climb

The Buckle Inc. reported net income improved 36.5 percent to $15.7 million, or 32 cents per share, compared with $11.5 million, or 24 cents, for the second quarter of fiscal 2017.