Lululemon Posts Double-Digit Sales Gain in Q4 as International Surges
EXEC: Rip Curl and Oboz Parent KMD Posts Positive Fiscal H1 on Strong Online Sales
U.S. Consumer Confidence Down Again in March as Forward Outlook Crashes
EXEC: EY M&A Outlook Signals Cautious U.S. Deal Market
EXEC: Fila Sets U.S. Re-Org and Inventory Sell-Off; Market Re-Entry TBD
SGB Update
Oxford Ind., Parent of Tommy Bahama and Duck Head Brands, Reports Q4 Near Top of Guide
The owner of the Tommy Bahama, Duck Head, Jack Rogers,Johnny Was, and Lily Pulitzer lifestyle brands, reported net sales in the fiscal 2024 13-week fourth quarter were $391 million compared to $404 million in the 14-week fourth quarter of fiscal 2023.
Lululemon Posts Double-Digit Sales Gain in Q4 as International Surges
Fourth quarter Americas net revenue increased 7 percent, or 8 percent in constant-dollar terms, year-over-year. International net revenue increased 38 percent, or 40 percent in constant-dollar terms, year-over-year for the quarter.
Academy Sports + Outdoors Opens 300th Store, Adds Two More States to Mix
The full-line sporting goods and outdoor recreation retailer will add five stores through April, with 20 to 25 stores planned for the fiscal 2025 full year.
Doug Palladini Named President and CEO of Carter’s, Inc.
Palladini brings over three decades of senior leadership experience with an emphasis on brand and direct-to-consumer strategies. The former global brand president of Vans serves on the Board of Directors of Skull Candy, Inc. and Stance.
Foot Locker, Inc. Promotes Frank Bracken to Company President
The current EVP and chief commercial officer was named company president, effective immediately. He will continue to report to company CEO Mary Dillon. He joined Foot Locker in 2010 and has held several senior leadership roles of increasing responsibility across the company.
SGB Executive
EXEC: Rip Curl and Oboz Parent KMD Posts Positive Fiscal H1 on Strong Online Sales
The parent of the Rip Curl, Oboz and Kathmandu brands said Group online sales performance has been a highlight, with all three brands achieving double-digit sales growth y/y. Online reportedly remains a key growth priority for the Group.
EXEC: EY M&A Outlook Signals Cautious U.S. Deal Market
EY expects U.S. deal volume will rise 10 percent in 2025, building on a robust 13 percent advance in 2024, driven by sustained economic activity, decreasing interest rates, pent-up demand & reduced valuation gaps.
EXEC: Sports Direct to Expand South Asia Presence with Map Active
This latest strategic partnership between Sports Direct parent Frasers Group and MAP Active will expand the sporting goods retailer further into Indonesia, with entry into India, the Philippines, Thailand, Vietnam and Cambodia.
EXEC: Spartoo Improves 2024 Cash Flows Through Improved Inventory Management
Spartoo is signaling that it will continue offering a wide range of footwear, ready-to-wear, bags, and accessories throughout 2024, even as it manages its online inventory more tightly.
EXEC: Fila Sets U.S. Re-Org and Inventory Sell-Off; Market Re-Entry TBD
The company has essentially shuttered the U.S. business and expects full clearance by strategically selling off Fila USA inventory by the end of 2025, and determine if best avenue for re-entry in the market is direct operations, licensing or a distribution model.
