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Portland Business Journal by , Business Journal staff writer Bob Hurley (right), founder and chairman of the Nike-owned Hurley action sports brand, will take over as interim CEO of the company. He will work closely with Roger Wyett (left), Hurley's former CEO who is now president of all Nike affiliates. Business Journal staff writer- Portland Business Journal Email | Twitter The revolving door in the corner office of Nike Inc.’s Nike Inc. Latest from The Business Journals Nike takes digital training to Microsoft's XboxBoard of Higher Education approves 3.4% tuition hikeParsing Nike's M&A track

Two years after Target angered gay marriage supporters with a political donation that benefited a fiery gay marriage opponent seeking t

Nike is trimming its portfolio. The company announced it will sell its Cole Haan and Umbro brands to cut costs and focus on its core namesake brand. Nike acquired Cole Haan, which specializes in casual and dress shoes, handbags, and accessories, in 1988 for $80 million, plus the assumption of $15 million in debt. Cole Haan operates more than 180 stores throughout the United States, Canada, the Middle East and Asia. 

J.C. Penney has asked a New York federal court to dismiss a lawsuit filed by the visual merchandising firm Hudson + Broad over the Plex

Beaumont, Texas -- Conn's Inc. said Monday its first-quarter net income more than doubled, and the retailer raised its outlook for the year. The retailer earned $11.6 million for the three months ended April 30, compared with $4.4 million in the same period last year, which included some one-time costs for severance payments. Revenue increased 5% to $200.9 million from $192 million, as same-sales surged 17.8%. “Our current quarter results demonstrate the value we deliver to our customers with a broad range of high-quality products and a better shopping experience,” stated Theodore M. Wright, chairman and CEO. “We have

Toronto -- Sears Canada said Friday that it is rolling out a new in-store area called new baby department, located in the Kids Room in 55 Sears Canada stores across the country. The new baby department in the Kids Room is "organized into five categories that are clearly signed: nursery, travel, activity, feeding and gifting," said Tracy Culleton, VP of The Kids Room at Sears Canada. "The signing also provides all the features and benefits of the product assortment."

Bensalem, Pa. -- Charming Shoppes reported Friday that net income for the first quarter plummeted 31.7% to $17.8 million, from $26 million in the year-ago period. Sales dropped 4.6% to $481.3 million, largely due to the shuttering of 157 stores. E-commerce was a strength in the quarter, up 18% over the prior-year period. Same-store sales were flat in the first quarter, including a 1% comparable-store sales increase for Lane Bryant, a 5% comparable-store sales increase for Catherines, and a 3% comparable-store sales decrease for Fashion Bug. “Our gross margins continued to be impacted by increases in product costs compared

After a seven-year run as head of The Vermont Country Store, Bill Shouldice will step down at the end of the year as president and CEO and turn the reins over to the Orton family. Shouldice announced his plans Thursday to resign as head of the family-owned catalog and retail store business that was founded by Vrest and Ellen Orton in 1946. “I was brought in … to really help the family to take the business to the next level,” Shouldice said during an interview Thursday. “That included building a management team, making strategic investments in the business and

San Francisco Business Times Google Inc. Google Inc. Latest from The Business Journals Google Chrome browser tops Microsoft Internet Explorer in MaySocial Madness contestants ready to battle in social media spotlightApple’s impact changing Catawba County landscape Follow this company is converting its Google Shopping site into a paid service for retailers, the Wall Street Journal reports. Google (NASDAQ: GOOG) will require retailers to bid to display their products on the site, which is free now. The move, part of Google's effort to bring in more revenue from its search engine,