Neiman Marcus Announces Executive Appointments
Neiman Marcus Group announced three executive appointments and role expansions to support the luxury retailer’s continued transformation.
Target Makes Thanksgiving Store Closures Permanent
Target will no longer open its stores on Thanksgiving Day, making a permanent shift to the unofficial start of the holiday season that was suspended during the pandemic.
Canada Goose Names President, Asia-Pacific
Canada Goose announced the appointment of Paul Cadman as President, Asia-Pacific (APAC). His past experience includes roles at Salvatore Ferragamo, Asprey & Garrard, Bvlgari, and Estée Lauder.
S&S Activewear Completes Acquisition Of TSC Apparel
S&S Activewear, based in Bolingbrook, IL, has completed its acquisition of competitor TSC Apparel, the parent of Tultex.
Puma North America Raises Hourly Wage for Retail Employees
Puma announced that it will raise its minimum wage for Puma North America and Puma Canada retail employees to $15 per hour, effective November 29.
Nike Veteran Lobbyist To Retire
Julia Brim-Edwards, senior director Nike GPA Global Enterprise Initiatives and WHQ Region, is leaving the company after 17 years, according to The Oregonian.
Rossignol Sells Felt Bicycles To Pierer Mobility
Rossignol has sold Felt Bicycles to Pierer Mobility, the owners of KTM motorcycles.
Athleta’s Q3 Revenues Climb Two Percent
Gap Inc. reported comparable sales at its Athleta chain increased 2 percent year-over-year and 41 percent versus 2019. Companywide, Gap slashed its full-year guidance due to shipment delays.
Nordstrom Misses Wall Street’s EPS Targets
Nordstrom Inc. reported third-quarter earnings exceeded year-ago levels but came in short of analysts’ estimates. The upscale retailer reiterated its outlook for the year as Nordstrom banner sales returned to 2019 levels.
Mitchell & Ness To Ramp Up Store Openings
Mitchell & Ness plans to open five to six more stores in the U.S. in coming years, CEO Kevin Wulff said in an interview with the Philadelphia Business Journal.
Burlington Stores See Same-Store Sales Climb 16 Percent Against Q319
Burlington Stores, Inc. reported earnings and sales gains for the third quarter ended October 30, 2021 against the third quarter of 2019 but also said freight and supply chain challenges pressured margins in the period.
Dick’s SG Q3 Profits Soar Past Wall Street Targets
Dick’s Sporting Goods again raised its outlook for the year after reporting third-quarter earnings that blew past Wall Street targets. Consolidated same-store sales for the third quarter increased 12.2 percent on top of a 23.2 percent increase in the third quarter of 2020 and a 6.0 percent increase in the third quarter of 2019.
L.L. Bean Sees Inventory Shortages In Coming Weeks
Speaking at Husson University’s Richard E. Dyke Center for Family Business, L.L. Bean’s CEO Stephen Smith said he expects inventory to run low by mid-December due to ongoing supply chain challenges.
Urban Outfitters Posts Record Q3 EPS And Revenues
Urban Outfitters Inc. reported net income of $89 million and record earnings per share of 89 cents in the third quarter ended October 31. Sales grew double-digits on a two-year basis.
NWSL, Nike Sign Long-Term Agreement
The National Women’s Soccer League and Nike signed a long-term agreement that extends a partnership that began with the league’s formation in 2012.
