Burlington Stores Scale Back EPS Outlook
Burlington Stores Inc. reported earnings in the second quarter topped guidance but reduced its EPS guidance for the year as sales came in below plan.
Athleta’s Comps Slide 8 Percent In Second Quarter
Gap Inc. reported same-store sales at Athleta slumped 8 percent in the second quarter. Gap withdrew its overall guidance for the year.
Hibbett’s Q2 Misses Analyst Estimates
Hibbett Inc. reported second-quarter results that came in below Wall Street’s targets as the chain was impacted by delayed back-to-school sales and high freight costs. Same-store sales declined 9.2 percent in the quarter. The retailer still maintained its EPS guidance for the year.
QVC Parent Announces CFO Transition And Creation Of Chief Transformation Officer Role
Qurate Retail Group, the parent of QVC and HSN, announced a transition of its chief financial officer and the promotion of William Hunter to chief transformation officer.
361 Degrees Posts 17.6 Percent Growth In Six Months
361 Degrees International Ltd. reported an uptick in profits in the first half as sales grew 17.6 percent to RMB 3,653.8 million ($532 mm). Apparel led the gains.
Anta Sports Sees 13 Percent Growth In Six Months
Hong Kong-based Anta Sports Products Limited reported a slight decline in profits in the six months ended June 30 as lower gross margins offset a 13.8 percent climb in sales. Amer Sports showed a 23.2 percent sales gain.
Urban Outfitters Q2 Finds Growth At Anthropologie and Free People
Urban Outfitters, Inc. reported modest growth in the second quarter as high-single-digit growth at Free People Group and Anthropologie Group offset a decline at the Urban Outfitters chain.
Nordstrom Slashes EPS Outlook As Traffic Slows
Nordstrom, Inc. significantly reduced its EPS guidance for the year due to a decline in customer traffic beginning in late June, mainly at Nordstrom Rack, and expectations that promotions would be required to clear elevated inventories in the second half.
Ballogy Strikes Partnership With National High School Basketball Coaches Association
Ballogy, Inc., the skills assessment and development app and exposure platform for youth and amateur basketball players, has formed an exclusive partnership with the National High School Basketball Coaches Association (NHSBCA).
Michael Vick Launches Digital Collectibles Platform
Michael Vick, the former NFL quarterback, has co-founded FanField, a sports tech company launching an NFT platform this fall.
Academy Sports + Outdoors Opens 12th Store In Atlanta
Academy Sports + Outdoors opened its newest store in Atlanta, GA, its 12th location in the metro area and 20th in the state. Georgia. The 50,200 square-foot store is located at 130 Perimeter Center West in the Perimeter Square Shopping Center.
Macy’s Cuts Outlook Despite Q2 Beat
Macy’s, Inc. reported earnings and sales beat Q2 analyst views but reduced its outlook, citing weaker discretionary spending and the need to take markdowns to clear elevated inventories.
Canada Goose Appoints President, China
Canada Goose announced it had hired Larry Li as president, China, effective immediately. Most recently, LI was managing director, China at Dunhill, part of the Richemont Group.
Dick’s Sporting Goods Boosts 2022 Outlook As Q2 Tops Analyst Targets
Dick’s Sporting Goods reported second-quarter earnings and revenue that topped Wall Street estimates. The retailer raised its full-year EPS guidance and also increased the low end of its full-year comparable store sales guidance. Ed Stack, executive chairman, said in a statement, “The state of our industry is strong, and we remain in a great lane.”
Sportsman’s Warehouse Adds Board Member
Sportsman’s Warehouse Holdings, Inc. appointed Nancy Walsh as an independent Class III director to its Board of Directors and a member of its Audit and Compensation Committees.
