Amazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products In 2022
More than 60 percent of sales in Amazon’s store are from independent sellers—most of which are small and medium-sized businesses—providing a vast selection of amazing products, competitive prices, and great convenience for consumers.
Christy Sports Opens Location In Aspen
Christy Sports announced the opening a new store in Aspen, CO, located at 303 East Durant Street. The location was previously an Aspen Sports store and recently vacated as part of Vail Resorts’ exit from Aspen.
Ralph Lauren Comp Sales Grow 9 Percent In Fiscal Q4 On Strong Asia Growth
Ralph Lauren Corporation reported revenue increased 1 percent to $1.5 billion on a reported 13-week basis in the fourth quarter of Fiscal 2023, versus a 14-week fiscal period last year. On a 13-week comparable basis, revenue increased 9 percent in constant-currency. Earnings per diluted share was 48 cents on a reported basis.
Qurate Retail Sells Zulily To Investment Firm
Regent, a Los Angeles-based investment firm with expertise in the retail and apparel sectors, has acquired online retailer Zulily, formerly a wholly-owned subsidiary of Qurate Retail, which also owns the QVC and HSN businesses and the owner of Cornerstone Brands.
Burlington Stores Comps Rise 4 Percent In First Quarter As Net Income Doubles
Burlington Stores, Inc. reported fiscal first-quarter total sales increased 11 percent to $2.13 billion for the 13-week period ended April 29, compared to $1.93 billion in the first quarter of fiscal 2022. Comparable store sales increased 4 percent compared to the first quarter of fiscal 2022.
Nike Announces Senior Leadership Realignment
Nike said Heidi O’Neill, president of Consumer & Marketplace, will become president of Consumer, Product & Brand, Nike, Inc. Craig Williams, president of the Jordan Brand, will become president of Geographies & Marketplace, Nike, Inc. as part of several leadership changes. Matthew Friend, EVP and CFO, will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.
Lids Promotes Durda To President
Lids promoted Bob Durda to company president. Over a 13-year career at the company, Durda has been at the forefront of Lids’ focus on building its product portfolio and leading some of its more successful programs.
Elevate Textiles Undergoes Recapitalization, New Ownership
Elevate Textiles, the fabric manufacturer servicing the automotive, apparel, interior furnishing, and industrial industries owned by Platinum Equity, reached an out-of-court restructuring deal in which its lenders will take control of the company.
Kohl’s Posts Surprise Profit In First Quarter
Kohl’s Inc. reported a surprise profit in its fiscal first quarter of 13 cents a share. Analysts were calling for a loss of 43 cents. Comparable sales decreased 4.3 percent and overall sales were slightly ahead of analyst targets.
Urban Outfitters Q1 Profits Jump On Strength At Free People And Anthropologie
Urban Outfitters, Inc.’s profits vaulted 67.6 percent in the first quarter on a 5.9 percent revenue gain and significantly improved gross margins. Healthy double-digit retail gains at Free People and Anthropologie offset declines at Urban Outfitters’ retail business and at wholesale channels.
VF’s Fiscal Q4 Revenues Dragged Down By Vans And Americas Region Declines
VF Corp. reported sales were down 3 percent in the fiscal fourth quarter ended April 1, dragged down by a 14 percent decline at Vans and a 7 percent overall decline in the Americas region. The North Face’s sales grew 12 percent globally. Earnings were down 62 percent on an adjusted basis but in line with guidance.
DU/ER Hires Vice President Of Global Sales
Canadian performance apparel brand DU/ER hired Burt Damsky as VP of global sales. Based out of the company’s New York City showroom, Damsky will oversee the strategic growth of the brand’s global wholesale network.
MEC To Expand Presence In Canadian Maritimes Region
Canadian outdoor retailer, Mountain Equipment Company, is set to expand its retail footprint by opening a new standalone store in the Maritimes this August.
Citi Trends Posts Q1 Loss As Comps Fall 14.1 Percent
Citi Trends, Inc. reported fiscal first quarter sales decreased 13.7 percent to $179.7 million compared to the year-ago quarter, in line with guidance. Comparable store sales decreased 14.1 percent compared to Q1 2022.
Dick’s SG Posts 5.3 Percent Comp Sales Growth In Q1; EPS Up 38 Percent
Dick’s Sporting Goods reported net sales for the fiscal first quarter rose 5.3 percent to $2.84 billion from $2.70 billion in the prior-year Q1 period. Comparable store sales grew 3.4 percent
