Ross Stores Inc. reported earnings fell 47.8 percent in the fourth quarter as same-store sales declined 6 percent. The off-pricer said an upsurge of the virus resulted in lower traffic, especially in California, its largest state.
Month: March 2021
SFIA National Health Through Fitness Day Cancelled For 2021
For the second year in a row, National Health Through Fitness Day will not occur in March.
Big 5’s Q4 Profits Soar, Forecasts Strong First Quarter
Big 5 Sporting Goods Corp. reported a significant hike in earnings in the year ended January 3 as same-store sales jumped 10.5 percent. The sporting goods chain also hiked its dividend by 50 percent and predicted same-store in the first quarter would climb approximately 20 percent.
Globe International Sees 60 Percent Growth In First Half
Globe International Limited, based in Melbourne, reported a significant increase in sales and profitability in the first half ended December 31. The company’s four brands, Impala, FXD, Globe and Salty Crew, all grew.
Jordan Brand President Joins Capital One’s Board
Craig Williams, president of Jordan Brand at Nike, has been appointed to the board of directors at Capital One Financial Corporation.
Natural Indigo Maker Stony Creek Colors Raises $9M Series B
Stony Creek Colors, based in Springfield, TN, has raised over $9 million in a Series B financing round.
Inside The Call: Kohl’s To Expand Activewear Space By 20 Percent In 2021
Kohl’s reported activewear outperformed in the fourth quarter and remains one of the chain’s “most productive categories.” Kohl’s reiterated plans to increase in-store space dedicated to active assortments by at least 20 percent in 2021. Michelle Gass, Kohl’s CEO, told analysts, “Our vision is to be the most trusted retailer of choice for the active and casual lifestyle.”
Jockey Partners With Pac-12
The Pac-12 announced that Jockey will become the official apparel partner of the Pac-12 under a new multi-year partnership.
Canada Goose And NBA Announce Multiyear Partnership
Canada Goose announced a multi-year partnership with the National Basketball Association (NBA) that makes Canada Goose the Outerwear Partner of the NBA All-Stars.
One-On-One With Picture Organic’s CEO Julien Durant
For apparel maker Picture Organic, sustainable materials and fighting climate change have been core to their mission since its inception. SGB Executive sat down with CEO Julien Durant to learn more about sugar cane’s role in the brand’s journey to be a more sustainable company.
Kelty’s Entrée Into The CBD Market With GM Russ Rowell
Kelty has launched a new line of CBD cream to tap into the $4 billion domestic CBD market. SGB Executive caught up with General Manager Russ Rowell, who credits the overlap between outdoor industry consumers and CBD users for the move.
Slinger Bag and Wilson Sporting Goods Enter Into Strategic Collaboration In North America
Slinger Bag and Wilson Sporting Goods Co. announced a new strategic collaboration. Slinger Bag will collaborate on co-branded products and promotional initiatives with Wilson.
Target’s Q4 Earnings Run Up 58 Percent
Target Corp. reported adjusted EPS in the fourth quarter improved 58.0 percent to $2.67 from $1.69 a year ago and ahead of Wall Street’s consensus estimate of $2.49. Same-store sales grew 6.9 percent.
Macy’s Announces Changes To Its Senior Leadership Team
Macy’s Inc. announced changes to its senior leadership team, including the exit of its COO and a new CIO and head of real estate.
Camping World Announces Deal To Acquire EZ Living RV In Illinois
Camping World Holdings Inc. announced an agreement to acquire EZ Living RV in Braidwood, IL.
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