Report: Resale Market for Nike and Jordan Brands Down Double-Digits
StockX said its data shows a diversified portfolio of brands locking in the top spots for year-over-year growth, including Asics (+589 percent), Adidas (+88 percent), and Yeezy (+23 percent). Cornerstone silhouettes from brands like Jordan and New Balance have dropped in average price.
Ross Stores Gets Q2 Profit Bump on Solid Comps; Still Has H2 Consumer Concerns
The company said its improved profitability relative to last year resulted from higher sales and lower distribution and incentive costs, which were partially offset, as expected, by lower merchandise margins.
New Fleet Feet Franchise Opens in Arizona
The new store is the first location for owners and operators Tom and Nikki DeBole. Fleet Feet said Queen Creek is one of the fastest-growing towns in the U.S.
Urban Outfitters Reports Solid Q2 Results Despite Decline at Namesake Brand Stores
Comparable Retail segment net sales increased 7.1 percent at Free People and 6.7 percent at Anthropologie and decreased 9.3 percent at Urban Outfitters. Nuuly segment net sales increased by 62.6 percent.
Unifi, Inc. Narrows Fiscal Q4 Loss on Americas and Brazil Segment Share Gains
The company reported that subsequent to quarter-end, the company reported that it launched two new innovative Repreve Fiber products that will help support future growth.
BJ’s Wholesale Club Profits Expand in Q2 as Comps Increase 3.1 Percent
Excluding the impact of gas, comparable club sales increased by 2.4 percent in the second quarter compared to the fiscal 2023 Q2 period.
EXEC: Hibbett’s New Parent Saw North America Outpace UK and Europe in Q2
Second-quarter comparable store sales were reported to be strongest in North America, with 5.7 percent comp sales growth year-over-year. The region also led in organic sales growth.
Good Read: “Look Good, Feel Good, Play Good: Nike Apparel”
“Look Good, Feel Good, Play Good: Nike Apparel” charts a visual history of women’s sportswear and the key role Nike has played in advancing women’s sports over the last 50 years.
EXEC: Wilson Sports Returns to Growth in Q2, but Sees Bigger Gains Ahead
The CEO of parent company Amer Sports said Wilson tennis and Wilson China had a big moment recently during the Summer Olympics when Qinwen Zheng won Gold playing with her Wilson racquet.
Target Corp. Ups Full Year EPS Guide After Retailer Returns to Growth in Q2
Based on strong profit performance in the front half of the year, the company said it now expects full-year GAAP and Adjusted EPS of $9.00 to $9.70 per share, up from the prior range of $8.60 to $9.60 per share.
Foot Locker to Re-Open 34th Street Store in NYC with New Concept
The Foot Locker ‘Home Court’ concept was developed in partnership with Nike and Jordan Brand and also features brand partners, including Adidas, Puma, New Balance, Under Armour, and more.
TJ Maxx Parent Adds Four Doors to Sierra Count, Invests in GCC Retail Brand
TJX is taking a 35 percent stake in Brands for Less, which is currently located in the Gulf Cooperation Council (GCC) area. Based in Dubai, it is the region’s only major off-price branded apparel, toys, and home fashions retailer.
Macy’s, Inc. Swings to Q2 Profit But Lowers Guidance on Consumer Caution
Macy’s, Inc. reported it updated its annual outlook to reflect a more discriminating consumer and heightened promotional environment relative to its prior expectations.
EXEC: Salomon Sees North America Q2 Wholesale Cut into 55 Percent Jump in Global DTC
Amer opened 27 Salomon shops in Q2 in Greater China, bringing the total count for the brand to 136 doors. Wholesale sales declined slightly for the quarter, negatively impacted by slower pre-orders in the North America sporting goods and ski channels, which increasingly relies on replenishment orders.
Nordstrom to Open New Rack Store in Arizona
Nordstrom will open a new 26,000-square-foot Nordstrom Rack store in Surprise, AZ, in fall 2025, in Prasada North, a shopping center with Target and Starbucks owned and managed by SimonCre.
