EBay Acquires Certilogo To Boost Pre-Owned Authentication
EBay, Inc. signed a definitive agreement to acquire Certilogo, an AI-powered apparel and fashion goods digital IDs and authentication provider.
Foot Locker Slashes 2022 Guidance On Weakening Sales
Foot Locker, Inc. reported first-quarter results came in below Wall Street targets and significantly reduced the retailer’s 2023 outlook as sales “softened meaningfully” since March. The chain also named a new chief financial officer.
KMD Closes NZ$310 Million Debt Refinancing Tied To Sustainability
KMD Brands Limited, the parent company to the Rip Curl, Oboz and Kathmandu brands, has successfully refinanced its existing debt facilities with NZ$310 million of syndicated sustainability-linked multi-currency revolving facilities.
Solid Rip Curl Q3 Growth Trails Oboz And Kathmandu Gains At KMD
KMD Brands, Ltd., in a financial update, reported sales for the third quarter ended April 30 rose 15.6 percent. Among its brands, sales grew 7.9 percent at Rip Curl, 11.3 percent at Kathmandu and 120.3 percent at Oboz.
Belk To Add Ten Belk Outlet Locations
Belk is expanding its latest shopping concept, the Belk Outlet, by adding ten stores this month. The retailer currently has six outlet locations.
Darn Tough Sees Merger Of Sales Representation Along Upper East Coast
Darn Tough Vermont will see the merger of two sales territories on the East Coast into one territory. The Mid-Atlantic-focused Hudson Valley Sales Group, led by Adam Shapiro, will join 20-year Darn Tough veteran Hal Ellms and the Pinnacle Outdoor Group which covers the New England territory.
Ross Stores Posts 10 Percent Earnings Growth As Q1 Comps Inch Up 1 Percent
Ross Stores, Inc. reported sales for the first quarter of 2023 were $4.5 billion for the 13 weeks ended April 29. Comparable store sales were up 1 percent. EPS were $1.09 on net earnings of $371 million for the quarter.
Pacsun Sets Leadership And Board Changes
Pacsun announced a series of leadership changes whereby Brie Olson, Pacsun co-chief executive officer and Board member, will be appointed chief executive officer, effective June 15. Mike Relich will retire as co-CEO and will continue to serve on the Pacsun Board of Directors in a new role as vice chairman. Russell Bowers will be appointed chief operating officer and will continue to serve as Pacsun chief financial officer,
LL Bean’s New HQ Grand Opening Set For June 15
L.L.Bean will celebrate the completion of its new 390,000-square-foot corporate headquarters in Freeport, ME on June 15, marking the close to an eight-year, $110 million campus redevelopment in the company’s longtime hometown.
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.
