Bass Pro Shops Set to Open In Loveland, CO
Bass Pro Shops announced plans today to open a retail store in Loveland, CO. The opening of the 130,000-square-foot Outdoor World, expected to open in 2025, is the retailer’s sixth Bass Pro Shop in Colorado.
EXEC: Gap Confident in Athleta’s Turnaround Prospects
Athleta’s same-store sales were down in the second quarter for the third quarter in a row but showed improvement sequentially with sales of performance bottoms accelerating. On its analyst call, Gap Inc. officials expressed confidence in the ability of Athleta’s new leadership team, led by former Alo Yoga’s president Chris Blakeslee, to guide the continued recovery.
Hibbett’s Q2 Profits Tumble Year-Over-Year, Top Wall Street’s Targets
Hibbett, Inc.’s second-quarter profits fell 55.9 percent but still topped analyst targets with some strength in footwear offsetting apparel weakness. The sporting goods chain reiterated its full-year outlook, bucking a trend that saw competitors, Dick’s Sporting Goods and Foot Locker, lower guidance this week.
Rhone Opens Store in Westport
Rhone, the men’s athleisure brand, opened a store in Westport, its first in Connecticut and 14th overall at 7 Main Street.
Pinnacle Outdoor Group Names Sarah Maher General Manager
The agency said Maher had been operating in this role since 2022, overseeing strategic development and sales operations in addition to her role as the agency’s Vermont sales rep.
Athleta Q2 Comps Slide 7 Percent; Parent Gap Inc. Swings to Profit
Athleta net sales totaled $341 million for Q2, down 1 percent compared to last year. While sales continue to be impacted by product acceptance challenges, the brand has taken near-term actions to improve product presentation and creative.
Nordstrom’s Q2 Profits Fly Past Analyst Targets
Nordstrom, Inc., reported earnings in the second quarter improved 8.7 percent year-over-year and nearly doubled Wall Street’s consensus target. The upscale department store chain said it benefited from continued progress on key priorities of Nordstrom Rack improvement, inventory productivity and supply chain optimization. Guidance was maintained for the year.
Grassroots Outdoor Alliance Promotes Dana Howe to Vice President
Grassroots Outdoor Alliance (GOA) promoted Dana Howe, director of membership and education, to vice president.
Shein Partners with Sparc to Drive Forever 21’s Growth
Sparc Group Holdings, the joint venture between Authentic and mall operator Simon Property Group, partnered with Shein, the Chinese e-commerce platform, to support the company’s Forever 21 business.
EXEC: Globe Sees Hardgoods Woes Cut into Sales, Profits for Fiscal Year
The company posted a double-digit decline in revenues and a sharp downturn in profit in the fiscal year ended June 30 as it struggled with declines in its hardgoods business and the clearance of related inventories, particularly in the U.S.
True Capital Acquires Bench and Nicce Owner Apparel Brands
London-based True Capital acquired Apparel Brands, the Manchester-based parent of Bench, Nicce and Hooch fashion apparel brands. Apparel Brands also licenses Smith & Jones, Ed Hardy, Farah, Seafolly, Money, and Caterpillar.
HanesBrands Forms Apparel Partnership with Texas A&M
HanesBrands signed a deal giving it exclusive design rights to manufacture and distribute Texas A&M fanwear at mass retail and campus/local channels. The University opened a “Champion Station” in-store shop inside its Memorial Student Center Barnes & Noble Bookstore to support the partnership.
EXEC: Foot Locker, Inc. Makes Flurry of New Appointments to Address a Changing Marketplace
Foot Locker, Inc. made additional news Wednesday on its conference call with analysts, announcing a flurry of new hires and appointments to solidify the management teams that will focus efforts on the customer experience.
Reebok Opens Full-Price Store in Mexico
Reebok opened its first freestanding full-line store at Mexico City’s Fórum Buenavista shopping center as it ramps up its international expansion.
Burlington Stores Sees Weakness in Low-End Consumer but Exceeds Q2 Guidance
Burlington Stores, Inc. reported second-quarter earnings that came in well above guidance but still reduced its earnings outlook and narrowed its sales guidance for the year due to pressures facing its lower-income shoppers.
