Canterbury Renews Contract with Irish Rugby Team
Canterbury agreed a four-year extension to its deal as the official kit partner with the Irish Rugby Football Union (IRFU).
EXEC: G-III Apparel Sees Champion Outerwear Extending Reach to Athletic Channels
On the company’s second-quarter analyst call, Morris Goldfarb, G-III Apparel’s longtime chairman and CEO, said he sees G-III’s new multi-year license to produce outerwear under the Champion brand presenting opportunities to reach Dick’s Sporting Goods, Foot Locker and other athletic retailers.
EXEC: Zumiez Hopeful for Holiday Selling After Q2 Beat and BTS Momentum
Zumiez, Inc. reported better-than-expected Q2 results with sales declines lessening further into the third quarter, including men’s, its largest category, turning positive. The action sports chain predicted another high-single to low-double-digit decline for the third quarter but remains hopeful of continued improvement through holiday selling.
Zumiez Second-Quarter Results Beat Expectations
Zumiez, Inc. showed a loss in the second-quarter ended July 29 on a sales decline of 11.6 percent, but results exceeded guidance as sales trends improved each month with encouraging early back-to-school sell-throughs.
BRC Sees Confident UK Consumers Boost August Retail Sales
Total UK retail sales increased by 4.1 percent in fiscal August, against growth of 1.0 percent in August 2022, coming in above the 3-month average growth of 3.6 percent and in line with the 12-month average growth of 4.1 percent.
NRF Acquires Reverse Logistics Association
While hundreds of retail brands offer “gently used” products for sale, others sell excess inventory at a discount. The reverse logistics industry manages the collecting, sorting, repairing, and refurbishing of products for resale or recycling.
Authentic Appoints EVP to Manage Former Boardriders Brand Portfolio
The company hired David Brooks as EVP of action and outdoor sports lifestyle. Most recently, Brooks with the global general manager for RVCA and Boardriders Partnerships at Boardriders.
Undefeated Opens First New York City Store
Undefeated, the Los Angeles-based sneaker and streetwear boutique, opened its first store in New York City in the Nolita section of downtown Manhattan.
Rally House Sets Plans to Open Three Stores This Fall
Rally House reported it will open three stores this fall in Deptford, NJ; Evansville, IN; and Altoona, IA.
G-III Apparel Ups Full-Year Guidance After Q2 Beat on Sales and Profits
Net sales for the second quarter increased 9 percent to $659.8 million and net income was $16.4 million, or 35 cents per diluted share, compared to $36.3 million, or 74 cents per diluted share, in the prior-year quarter.
HBI and G-III Apparel Partner on Champion and C9 Outerwear
The companies entered into a strategic multi-year licensing agreement for the design, production and distribution of outerwear for the Champion and C9 Champion brands in North America, including exploring opportunities across Champion’s global network as a key partner.
EXEC: Sportsman’s Warehouse Sets Aggressive Markdowns as Business Weakens Further
Shares of Sportsman’s Warehouse are running down about 17 percent in pre-market trading Thursday as the hunt & fish chain’s second-quarter earnings came in well below guidance and another double-digit comp decline was forecast for the third quarter.
Nike Tops Gen-Z’s Rankings for Most Authentic Brand
Nike was ranked the “Most Authentic” brand in the active lifestyle and fashion space among Gen Z consumers in North America and Western Europe, according to YPulse, based on its latest demographic survey.
Sportsman’s Warehouse Swings to Second Quarter Loss as Comps Fall
The 11.8 percent net sales decrease was said to be primarily due to lower demand across all product categories and a decline in store traffic resulting from the continued impact of consumer inflationary pressures on discretionary spending, partially offset by the opening of 14 new stores.
HanesBrands and FSU Extend Exclusive Mass Channel License
The multiyear extension of its apparel partnership gives HanesBrands exclusive rights to Florida State fanwear in the mass retail channel.
