PVH Corp Flys Past EPS Guidance In Q4
PVH Corp., the parent of Tommy Hilfiger and Calvin Klein, fourth-quarter earnings were down due to higher costs and increased promotion as sales on a currency-neutral basis climbed 8 percent. Earnings came in well ahead of company guidance.
K-Swiss To Sponsor Pickleball Slam
K-Swiss reported it signed on as a sponsor of the 2023 inaugural Pickleball Slam on April 2 at the Hard Rock Live at the Seminole Hard Rock Hotel & Casino in Hollywood, FL.
Varsity Brands To Pay $43.5M In Antitrust Settlement
Varsity Brands has agreed to pay $43.5 million to settle a federal lawsuit that the student apparel company and producer of cheerleading events abused its industry dominance, causing private gyms and spectators to pay artificially inflated prices.
Long-Time Outdoor Cap Rep To Retire
On March 31, Lisa Hawkins, Outdoor Caps outside sales rep for Idaho and Oregan will retire. Randy Snyder, who represents the brand in Alaska, Montana and Washington, will assume her role in those states.
Hurley Owner Acquires Scotch & Soda
Bluestar Alliance, the New York-based owner of Hurley, Bebe and Tahari, announced it acquired Dutch fashion brand Scotch & Soda, which filed for bankruptcy in the Netherlands last week.
Rally House To Open Another Pittsburgh Store
Rally House has become a pillar of the Pittsburgh sports community in recent years. The retailer reported it intends to open a new store in the Monroeville area. Rally House Miracle.
Kith Opens Store In Williamsburg
Kith opened a store in the Williamsburg section of Brooklyn, the second for the brand in Brooklyn following the opening of its flagship at 233 Flatbush Avenue near the Barclays Center in 2015.
Zumiez North America President To Retire
Zumiez, Inc. reported that Troy Brown, the president of North America Zumiez, Inc., has decided to retire. According to a regulatory filing, Brown agreed to stay with the company until June 30, 2023 to transition his duties.
Jordan Brand World Location To Open In Tokyo
Jordan World of Flight Shibuya is opening as the first Jordan-only store in Japan this March. The 9200-square-foot space follows the opening of Jordan World of Flight Milan in December 2022.
Vuori To Open Second Boston Store
Vuori is opening a storefront this summer at the Derby Street Shops in Hingham, MA, marking the second brand store in the Boston area and its debut on the South Shore.
USA Swimming Extends Speedo Partnership Deal Through 2024
USA Swimming reported it extended its partnership with Speedo through December 31, 2024.
Macy’s Adds Board Member
Macy’s Inc. appointed Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1, 2023. John Bryant and Leslie Hale, who have served on the board since 2015, will not stand for re-election at the company’s 2023 annual meeting.
Walmart Laying Off Thousands Of Warehouse Employees
Walmart is laying off hundreds of employees at its e-commerce fulfillment centers nationwide. The company said it made the cuts “to better prepare for the future needs of customers.”
Oxford Industries’s Q4 Sales Jump 28 Percent
Oxford Industries Inc., the owner of Tommy Bahama, Lilly Pulitzer and Johnny Was, reported earnings rose 35.7 percent in the fourth quarter ended January 28 as sales expanded 28 percent. Results exceeded company guidance.
Kohl’s To Add 250 In-Store Sephora Shops This Year
Kohl’s reported that 250 of its stores would add 2,500-square-foot Sephora in-store shops in 2023, adding 250 shopping destinations to Kohl’s fleet of more than 850 and achieving the partnership’s initial planned goal announced when Sephora rolled out at Kohl’s.
