Walmart Rides Strong Q1 Comp Sales Growth To 13 Percent Adjusted EPS Gain
Walmart, Inc. reported first-quarter consolidated revenue of $152.3 billion, up 7.6 percent, or 7.7 percent in constant-currency. Walmart U.S. posted 7.4 percent comp store sales growth. Adjusted EPS was up 13 percent to $1.47 a share.
Canada Goose Sales Expand 31 Percent In Fiscal Fourth Quarter
Canada Goose Holdings, Inc. reported a strong profit earnings uptick in the fiscal fourth quarter that ended April 2 as double-digit growth in Canada, EMEA and Asia Pacific offset a slight decline in U.S. sales that jumped 31 percent. Sales and EPS exceeded company guidance, and revenues are forecasted to climb 19 percent on average for the current fiscal year.
Stance Names New President
Stance, the sock brand, named David Tichiaz as president. He had been at Vans for nearly 17 years, with his last role as VP and general manager of the Americas.
KÜHL Opens First Jackson Hole Store Location
KÜHL is opening its first retail store in Jackson Hole, WY on Friday, May 19. Located in the heart of town, this marks the launch of KÜHL’s fourth retail location in the U.S.
Teton Gravity Research To Open Pop-Up Retail Shop In Park City
Teton Gravity Research will open a pop-up retail shop in Park City, UT, over the Memorial Day weekend, marking the company’s latest move to expand its retail footprint.
BSN Sports Extends Partnership With The University Of Cincinnati
The University of Cincinnati Athletics Department announced an apparel agreement with BSN Sports. Within the deal, Cincinnati has elected to equip its programs with Jordan Brand and Nike products. The Bearcats were slated to wear Under Armour through 2024.
Fabletics Opens Store At University of Southern California
Fabletics opened its first on-campus retail store at the University of Southern California.
Rally House Partners With K-State Athletics
Rally House partnered with K-State Athletics to operate the University’s in-venue and online stores.
TJX Sees Healthy Q1 Profit Uptick On 3 Percent Comp Sales Growth
The TJX Companies Inc. reported profits jumped 58.7 percent in the first quarter ended April 29 as same-store sales gained 3 percent. Both earnings and sales topped analyst estimates in the quarter and guidance was raised for the year.
Target’s Q1 Profits Top Analyst Targets; Warns On Q2 Outlook
Target Corp. reported a slight decline in earnings on a 0.5 percent increase in sales in the first quarter, but both earnings and sales topped Wall Street targets. Target issued soft guidance for the second quarter, marked by a low single-digit decrease in comparable sales, and said a higher shrink would impact the year’s profitability.
Lululemon’s Global Creative Director Passes Away
Phil Dickinson, Lululemon’s SVP and global creative director and previously a 15-year Nike veteran, has passed away. The cause of his death was not disclosed.
Construction On Bass Pro’s Sayreville Set To Begin This Year
Construction of the long-awaited Bass Pro Shops at Sayreville, NJ, is scheduled to begin before the end of 2023.
Fanatics Partners With Sky Sports To Launch Online Shop
Fanatics partnered with broadcaster Sky Sports to open a new online shop, shop.skysports.com, for consumers across the UK, Ireland, Germany, Austria, Switzerland and Italy.
Newell Brands Slashes Dividend
Newell Brands, Inc. announced that its Board of Directors and the management team updated its dividend policy to focus on funding supply chain investments and de-leverage. Newell Brands reduced its quarterly dividend to 7 cents a share. In February, the company declared a quarterly dividend of 23 cents a share.
Retail Sales Inch Up In April, Driven By Inflation; Sporting Goods Stores See Decline
Retail sales, which are adjusted for seasonality but not for inflation, rose 0.4 percent in April from the prior month, the Department of Commerce reported on Tuesday, following declines in March and February. The growth was still weaker than the 0.8 percent increase that economists expected, according to Refinitiv.
