Altogether over 100 stores for the brands, which sell apparel for skaters, surfers and snowboarders, will close their doors.

The first Walmart store opened in 1962 and it was the No. 1 retailer in the US by 1990.

Salvatore Ferragamo SpA said Chief Executive Officer Marco Gobbetti is leaving almost two years before his contract expires, as the Italian maker of footwear and leather goods struggles to pull itself ...