Fiske was at Bath & Body Works for four years. During that period, the Columbus-based chain saw annual revenues grow from $1.8 billion to nearly $2.6 billion, and same-store sales reversed yearly declines.
Fiske is joining 367-store Eddie Bauer in a time of transition for the outdoor-apparel retailer. The company is in the midst of a turnaround, and earlier this year Eddie Bauer shareholders rejected a proposal by private-equity firms Sun Capital Partners Inc. and Golden Gate Capital to acquire the retailer for about $614 million. Eddie Bauer remains traded on the Nasdaq.
Sales-wise, locally based Eddie Bauer reported a strong first quarter last month, when same-store sales jumped 9.5% year over year and total revenues rose 10%, to $214 million. However, the company still posted a net loss of $44.8 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.