SGB Apparel

The Buckle Posts 6.4 Percent Comp Sales Decline In May

The Buckle, Inc. posted a 6.4 percent comparable store net sales decline in May.  Net sales for the 4-week fiscal month ended May 27 decreased 5.3 percent to $89.3 million from net sales of $94.3 million for the prior-year 4-week comparable period.

Patagonia Sues Nordstrom Over Counterfeits

Patagonia filed a trademark infringement lawsuit in California against Nordstrom, accusing the company’s Nordstrom Rack chain is selling “thousands” of “obvious counterfeits” after their partnership ended and then refusing a recall on the products.

Macy’s Cuts Outlook Despite Q1 Earnings Beat

Macy’s, Inc. reported first-quarter earnings topped analyst expectations on margin improvement, but sales missed Wall Street’s targets. The department store chain slashed its EPS and sales outlook for the year reported financial results for the first quarter of 2023 and updated its annual guidance as spending on discretionary categories weakened since late March.

Canada Goose To Open Stores In Australia

Canada Goose, in partnership with Australian retail group Brand Collective, is entering Australia with plans to open stores in Melbourne and Sydney later this year. In addition, Canada Goose will launch an e-commerce platform and implement wholesale distribution plans for the region.