Urban Outfitters Sees Modest Growth Over Holiday Period
Urban Outfitters, Inc. reported total company net sales for the two months ended December 31, 2022 increased 2.3 percent compared to the two months ended December 31, 2021.
Apex Mills Acquires Hanesbrands Plant
Apex Mills has agreed to purchase a former HanesBrands plant in Virginia.
Next Level Apparel Acquires Stedman GmbH
Blue Point Capital Partners and its portfolio company Next Level Apparel acquired Germany-based Stedman GmbH, a designer, manufacturer and supplier of casual and sportswear blank apparel for the printwear, retail, brand specialty and other decorated apparel industries.
Zumiez Holiday Comps Fall Nearly 24 Percent
Zumiez, Inc. posted a 22.2 percent net sales decrease for the nine-week period ended December 31, 2022, compared to the nine-week period ended January 1, 2022. During the same period comparable sales decreased 23.9 percent.
SFIA Re-Elects Ram; Adds Two Members To Board
The Sports & Fitness Industry Association (SFIA) re-elected Jonathan Ram, CEO of Clarks, Inc. as chairman of its Board of Directors for the 2023 term.
Imports Drop As Pandemic-Driven Shipping Surge Comes To An End
With a pandemic-driven surge over, monthly import cargo volume at the nation’s major container ports fell below the two million Twenty-Foot Equivalent Units mark and is forecasted to remain there through the spring, according to the Global Port Tracker Report released by the National Retail Federation and Hackett Associates.
VF Corp. Realigns EMEA Leadership Team
VF Corp. added new hires to its leadership team in Europe, the Middle East and Africa (EMEA).
Tilly’s Sees Holiday 2022 Comps Decrease In The Mid-Teens
Tilly’s, Inc. saw total 2022 holiday period net sales decrease 12.9 percent to $150.9 million for the nine-week period ended December 31, 2022 compared to $173.3 million for last year’s comparable nine-week holiday period.
Macy’s Sees Fiscal Q4 Sales At Low-End To Mid-Point Of Guidance
Macy’s, Inc. reported that net fourth-quarter sales are now expected to be at the low-end to mid-point of the previously issued range of $8,161 to $8,401 million while adjusted diluted EPS is expected to be in the previously issued range of $1.47 to $1.67.
Duluth Sees Fiscal Q4 Sales Reaching Low-End Of Guidance
Duluth Holdings, Inc. reported its sales results for the nine-week period from October 31, 2022 through January 1, 2023 and said it expects to achieve the low end of the fourth quarter sales guidance.
Lululemon Lifts Fiscal Q4 Sales Outlook; Sees Margin Pressure To EPS
Lululemon Athletica, Inc. slightly raised its revenue guidance for the fourth quarter while narrowing its EPS target.
Dick’s SG Closes Store In Worcester
Dick’s Sporting Goods closed its retail store at Lincoln Plaza in Worcester, MA on December 31.
Babolat Names National Sales Director
Babolat USA promoted Bill Edell, key account manager, to national sales director.
Everlane Cuts 17 Percent Of Corporate Workforce
Everlane announced internally it would lay off 17 percent of its 175 corporate employees as part of a cost-cutting measure to address market changes.
Cotopaxi CEO And Founder To Transition To Chairman In July 2023
Cotopaxi reported that CEO and Founder, Davis Smith, will transition to Chairman of the Board and transition his role to Damien Huang on July 1, 2023, respectively.
