Rally House Open Fourth Colorado Location
The new store in Westminster, CO, is the company’s fourth storefront to open in the state this year, following the opening of Rally House Outlets at Castle Rock and Rally House Alcove on Arapahoe in June and Rally House Belmar in July.
Carhartt Appoints Norma Delaney as VP, Brand Marketing and Creative
The company said Delaney will lead the development of marketing and creative strategies for Carhartt and play a critical role in shaping the company’s image and brand recognition. She will report to Susan Hennike, Carhartt’s chief brand officer.
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.
NRF: U.S. Not Likely Headed Into Recession, but Jobs Market Slowdown Possible
NRF’s chief economist believes the U.S. economy has dodged a recession, but is on the cusp of nailing a long-awaited soft landing with a simultaneous cooling of growth and inflation. However, the jobs pictures seems to be another story.
Gymshark Hires Chief People Officer
Keane worked for over 11 years at the luxury etailer Farfetch in various roles, including chief people officer from 2018 to 2024. Gymshark also announced it plans to open its first store outside the UK this year at the UAE’s Dubai Mall as part of its global omnichannel growth.
5.11 Appoints New CFO
Bryan Jones will take on the role of chief financial officer effective October 7. On that date, current CFO, Jim McGinty, will phase into retirement while remaining involved in the company for the balance of 2024, taking on a consultatory role for 2025 with a planned exit by the start of 2026.
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.
Oksana Masters Wins Second Paralympic Gold in Paris
USA’s Oksana Masters defended her Tokyo gold medal in the women’s H4-5 individual time trial, beating the Netherlands’ Chantal Haenen by 6.24 seconds after trailing by over 20 seconds earlier in the race.
Puma Mixes Modern and Nostalgic References in Collab with Aries
The genderless collection includes statement graphics, experimental knitwear and double nylon pieces, paired with a crafted selection of accessories and footwear, including an Aries take on the Puma Mostro.
EXEC: VF Details Supreme Contribution to Corporate Picture
For the fiscal 2024 year-end, the Supreme discontinued operations accounted for $538.9 million of revenue, $324.9 million in gross profit, $109.9 million in operating income, and 13 cents per diluted share during VF’s 2024 fiscal year.
Journeys Parent Narrows Q2 Loss as Sales Tick Up; Raises FY Guidance
Genesco, Inc. now expects total sales to decrease 1 percent to 2 percent for the year, versus prior expectations for a total sales decrease of 2 percent to 3 percent.
Foot Locker Commemorates 50th Anniversary with Limited-Edition Collection
Over the decades, Foot Locker has marked its influence on sneaker culture with milestones, including the exclusive launch of the Nike Air Max Plus in 1998, the Foot Locker Slam Fest from 1988 to 1996, and introduced signature sneakers for athletes with top brands.
EXEC: Callaway and Topgolf Management Outline Separation Plan
The company said it expects to effect the separation by spinning off the Topgolf business to Topgolf Callaway Brands’ shareholders in a transaction that is intended to be tax-free for both the company and its shareholders for U.S. federal income tax purposes.
Tilly’s Takes a Shifting Calendar Hit to Second Quarter Sales; Improves EPS Loss to Zero
The calendar shift impact of last year’s 53rd week in the retail calendar, which caused a portion of the back-to-school season’s sales volume to shift into the latter stages of the second quarter from the beginning of the third quarter last year.
Zumiez Gets Q2 Sales Lift From Year-over-Year Calendar Shift and Narrows Net Loss
The company experienced a noticeable acceleration in its sales trend as the second quarter unfolded, with July North America comparable sales increasing in the high-single digits and encouraged about prospects for growth over the remainder of fiscal 2024.
