Urban Outfitters Posts Solid Holiday Sales Despite Declines at Namesake Brand Stores
Consolidated net sales for the two-month Holiday selling period ended December 31 increased 10 percent year-over-year, driving 11-month year-to-date sales up 8 percent year-over-year.
Zumiez Sees Q4 Results at Low End of Guidance After Tough Holiday
Zumiez forecasted fiscal 2023 fourth-quarter sales to be near the low end of its guidance range of $275 million to $281 million and fourth-quarter earnings per share to also be near the low end of its range of 24 cents to 34 cents.
Coleman, Marmot Parent Sees Further Cuts in New Organizational Realignment
The majority of the plan’s costs are in the area of cash severance payments and other termination benefits. The company plans to reduce its office roles by approximately 7 percent, with most expected to be complete by the end of 2024.
Compass Diversified Promotes Three on Investment Team
The owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, promoted investment team members Raj Dalal, Lucas Scholhamer and Phoebe Madsen.
Lohla Sport Appoints New Rep for PNW, Rockies Regions
Golf and ski industry veteran Kristin Ericson was hired as senior business development executive for the ladies’ golf-lifestyle apparel brand in the Pacific Northwest and Rockies.
EXEC: Adidas Appoints New President for North America
John Miller, most recently SVP of the wholesale business at Puma North America, is returning to the brand where he worked in the early- to mid-2000’s, as president of North America, effective immediately.
UK Retail Foot Traffic Declines Sharply in December
Overall retail UK foot traffic decreased by 5.0 percent year-over-year in December, down from a 0.7 percent decline in November, according to BRC-Sensormatic IQ data.
Tiger and Nike Confirm the End of an Era
Tiger was at the end of a ten-year, $200 million deal he signed with Nike in 2013. Along with his announcement on X, he uploaded a photo of himself with his mother, Kultida, and Nike Founder Phil Knight.
NRF: Import Cargo Enters Winter Lull as Red Sea Disruptions Continue
Inbound cargo volume at the nation’s major container ports should gradually decline during the first quarter of 2024 before increasing in the spring, according to the latest NRF report.
Fila Holdings Promotes Todd Klein to Global Brand President
The company appointed Fila USA President Todd Klein to take on the newly created role of global brand president. In addition to his existing responsibilities, Klein will assume responsibility for overall operations of the Fila brand including global product and marketing strategies.
Tilly’s Sees Bright Spot in Footwear in Dismal Holiday Selling Period
Total net sales decreased 7.4 percent to $139.7 million for the 2023 Holiday period compared to $150.9 million for corresponding nine-week Holiday period in the prior year.
Lululemon Athletica Ups Guidance on Solid Holiday Performance
Fiscal Q4 net revenue is now expected to be in the range of $3.17 billion to $3.19 billion, representing a 14 percent to 15 percent increase compared to Q4 2022. The previous guidance range was $3.14 billion to $3.17 billion.
United Sports Brands Names CEO
Phil Gyori was appointed CEO. Most recently, he was the CEO of Pelican Products. His hire follows the company’s recent acquisition by Norwest Equity Partners.
Authentic Inks Partner for Billabong Big & Tall / Plus Size
Profile Ent., a specialist in the Big and Tall/Plus women’s apparel space for over 30 years, will manufacture, wholesale and distribute Billabong Big & Tall men’s and Plus women’s apparel in the U.S. and Canada.
