Foot Locker Opens Distribution Center In Reno
Foot Locker, Inc. opened a new distribution center in Reno, NV. The more than $40 million, 465,000-square-foot facility will support the company’s distribution of more than 20 million units and support over 300 stores on the West Coast. The facility will also cut shipping times in the region “by more than 50 percent.”
Macy’s Raises Earnings Forecast On Q3 Beat
Macy’s Inc. reported third-quarter results topped analysts’ estimates and boosted its guidance for the year. Jeff Gennette, chairman and CEO, said, “As a leading gifting destination with fresh inventory across the value spectrum, we are ready to meet our customers’ needs this holiday season.”
KMD Brands Delivers Strong Sales And Profit Growth In First Quarter
KMD Brands Limited, formerly Kathmandu Holdings Limited, reported sales surged 61.8 percent in the first quarter ended October 31, reflecting the removal of Australasian lockdowns and a return to more normal trading.
Kohl’s Q3 Profits Tumble
Kohl’s, Inc. reported earnings fell 60 percent in the third quarter on a 7 percent sale decline. Results were in line with the recent release of preliminary results.
Rawlings To Relocate Headquarters
Rawlings Sporting Goods Company, Inc. is moving from its current corporate headquarters located in Town & Country, MO, to Westport Plaza in Maryland Heights, MO, in late 2023. The company said it needed the additional office space and wanted to create a corporate campus, including an experiential retail destination.
Target’s Shares Tumble On Soft Holiday Outlook
Shares of Target fell $23.51, or 13.1 percent, to $155.47 Wednesday after the chain reported third-quarter profits plunged 52 percent and warned of a sluggish holiday, blaming inflationary pressures and a deteriorating economic outlook.
Boardriders Lays Off 170 Employees
Boardriders, which is undergoing a sales process, eliminated 170 jobs in a cost-cutting move, according to Shop-Eat-Surf.
Fanatics Partners With UK’s Next
Fanatics and Next, the UK-based online retailer, entered into a long-term connected inventory partnership to broaden Fanatics’ officially-licensed sports merchandise assortment sold at Next.co.uk.
BSN Sports Acquires Donnelley Sports
BSN Sports has acquired Donnelley Sports, located in Twin Falls, ID.
TJX Sees Modest Q3 Sales Decline Against Tough Comparisons
The TJX Companies, Inc. reported sales for the third quarter of Fiscal 2023 were $12.2 billion, a decrease of 3 percent versus the third quarter of Fiscal 2022. U.S. comp store sales decreased by 2 percent versus a 16 percent increase in U.S. open-only comp store sales in the third quarter of Fiscal 2022.
TJX Names CFO
TJX Cos. Inc. announced that John Klinger has been promoted to executive vice president, chief financial officer, effective January 29, 2023, the beginning of TJX’s fiscal year.
On Again Lifts Guidance Following Strong Q3
On Holding AG raised its full-year outlook again after reporting earnings in the third quarter ended September 30 grew 20.5 percent on an adjusted basis on a 50 percent sales gain.
Katie O’Donohue Re-Joins SGB Media As Associate Publisher
SGB Media, LLC has announced that Katie O’Donohue has joined the company as Associate Publisher, effective immediately.
Nike Announces 11 Percent Increase In Quarterly Dividend
Nike Inc. announced that its Board of Directors approved a quarterly cash dividend of 34 cents per share on the company’s outstanding Class A and Class B Common Stock.
Snow Peak Opens First Shop-in-Shop In Costa Mesa, CA
Snow Peak, the Japanese outdoor lifestyle brand, opened its first shop-in-shop in the U.S., partnering with Costa Mesa, CA-based retailer Seed People’s Market, the outdoor retailer representing over 500 eco-conscious brands.
