EXEC: Tommy Bahama Parent Sees Economic Uncertainty Hit 45+ Affluent Consumer
EXEC: Academy Shares Get Lift as Positive Comps Returned in August
EXEC: Backcountry Sold as TSG Closes Deal with CSC Generation Enterprise
Under Armour Cuts Guidance on Expanded Restructuring Cost Expectations
EXEC: Genesco CEO and CFO Share Journeys, Schuh and J&M Details from Q2
SGB Update
CNBC/NRF Retail Monitor Sees Strong Clothing, Footwear and Online Increases in August
Thanks to back-to-school, the Clothing, Footwear and Accessories sector soared in August, jumping 11.4 percent year-over-year. The sector that includes Sporting Goods fell 10.8 percent for the same period.
Tilly’s Co-Founder Appointed President and CEO, Removes Interim Tag
As the Co-Founder of this 42-year-old company, Hezy Shaked has served as interim president and chief executive officer since January 21, 2024, and previously as the company’s president and chief executive officer.
Gearhead Outfitters To Host Grand Re-Openings of Former Summit Canyon Mountaineering Stores
A grand reopening of its newly re-branded stores in Glenwood Springs and Grand Junction, CO that were formerly known as Summit Canyon Mountaineering is scheduled September 12-15.
Pura Vida Opens Retail Store Near Disney World
The retailer continues its Florida-focused brick-and-mortar expansion with the Pura Vida Disney Springs Town Center store, which will mark its seventh storefront and second in Florida.
Rural King to Open New Store in Conover, NC
The Conover store will host a grand opening from September 20-22. The retailer sells a wide variety of premium brands, including Carhartt, Blackstone, Big Green Egg, Ariat, Under Armour, Black Rifle Coffee Company, Walnut Creek Foods and Henry Rifles.
SGB Executive
EXEC: Tommy Bahama Parent Sees Economic Uncertainty Hit 45+ Affluent Consumer
Oxford Industries, Inc., the parent company of Tommy Bahama, Lilly Pulitzer and Johnny Was, continued progress on long-term strategic goals in Q2, but the company also said it fell short of delivering on its near-term financial targets.
EXEC: Academy Shares Get Lift as Positive Comps Returned in August
With some major negative events behind it, Academy looks to new store growth as the primary sales driver. The stores opened in 2022 are all comping postive despite the challenging economic backdrop and remain pleased with the 2023 and 2024 new stores.
EXEC: Backcountry Sold as TSG Closes Deal with CSC Generation Enterprise
CSC acquired the company from TSG Consumer Partners, which acquired the business in July 2015. CSC also owns the Sur La Table, One Kings Lane, Touch of Modern, DirectBuy retail brands, in addition to others.
EXEC: Footwear ASPs Continue to Decline Coming Out of Yue Yuen Factories in H1
Yue Yuen reportedly saw the volume of shoes it shipped to brands in the U.S. and Europe increase nearly 10 percent in the first half period ended June 30 (H1), but revenues for those pairs only increased 1.3 percent as average selling prices (ASP) declined 7.8 percent for the period.
EXEC: Genesco CEO and CFO Share Journeys, Schuh and J&M Details from Q2
Although Q2 results were better than expected, the company continues to retain a cautious view and, as such, reiterated its most recent full-year EPS outlook of 60 cents to $1.00 per share. The soft guidance sent shares lower for the day.
