Patagonia Appoints Environmental Action & Initiatives Director, EMEA
Patagonia has hired Beth Thoren to the position of Environmental Action & Initiatives Director, EMEA.
Burlington Stores’ Q3 Profits Tumble
Burlington Stores reported earnings on an adjusted basis fell 80.6 percent in the third quarter ended October 31 due to a decline in sales and higher product sourcing costs tied to the pandemic. Comparable store sales decreased 11 percent, with significant improvement coming out of August .
CMCBrands, Pacific Teaze Announce Alliance
CMCBrands and Pacific Teaze announced a strategic brand partnership that includes shared logistics, distribution and merchandising. This cooperation focuses on leveraging operational efficiencies to grow both organizations.
Outdoor Research Appoints New President
Outdoor Research announced a new leadership structure with industry veteran Roger Barton taking the helm of the company.
NRF Forecast: Holiday Sales Will Grow Between 3.6 And 5.2 Percent
With retail sales rebounding strongly due to continued consumer resilience, the National Retail Federation forecast that holiday sales during November and December will increase between 3.6 percent and 5.2 percent over 2019. Online and other non-store sales are projected to jump between 20 percent and 30 percent.
ATRA Survey: Healthy Interest In Trail Running Amid Pandemic
A survey from the American Trail Running Association (ATRA) of more than 2,500 trail runners found only one-quarter of respondents have spent less time running trails since the start of the pandemic. Three-quarters of respondents have sought out new trails for at least some of their runs. Only two percent of respondents have not run on trails in the past nine months.
Jack Wolfskin Appoints CEO
Callaway Golf said Richard Collier will become the new chief executive officer at Jack Wolfskin, effective December 1. He was most recently chief product officer at Helly Hansen Group.
Nike Announces 12 Percent Increase In Quarterly Dividend
Nike Inc. announced that on November 19, 2020 its Board of Directors approved a quarterly cash dividend of $0.275 per share on the company’s outstanding Class A and Class B common stock.
Foot Locker Expands Community Power Store Concept To Canada
Foot Locker announced the grand opening of its first Canadian Community Power Store in Vancouver, BC. A second community-based power store will open in Toronto, Ontario in early December.
The Buckle’s Q3 Earnings See Sharp Uptick
The Buckle Inc. reported earnings rose 60 percent in the third quarter ended October 31 as same-store sales advanced 12.4 percent.
Hibbett Sports’ Third-Quarter Earnings Surge
Hibbett Sports Inc. reported earnings increased more than four-fold in the third quarter as same-store sales climbed 21.2 percent. The retailer blew past estimates and raised its guidance for the year.
Lululemon Names Chief Financial Officer
Lululemon Athletica Inc. announced the promotion of Meghan Frank to chief financial officer. Frank joined Lululemon in 2016, and, effective November 23, will become the company’s first female CFO.
Foot Locker’s Q3 Comps Jump 7.7 Percent
Foot Locker Inc. reported earnings on an adjusted basis grew 4.9 percent in the third quarter ended October 31 to handily exceed Wall Street targets. Same-store sales climbed 7.7 percent. Richard Johnson, chairman and CEO, said, “Although the back-to-school selling season kicked in later than usual due to COVID-19-related delays, momentum built as the quarter progressed.”
Ugg’s Flagship Store Opens In NYC
Ugg’s new flagship store, located at 530 Fifth Avenue in New York City, opened today. A subsidiary of Decker Brands the concept store is the first for Ugg in the Big Apple with a 12,842-square-foot store that showcases its collections of footwear, ready-to-wear, accessories, and home.
Delta Apparel Reports 70 Percent Operating Profit Expansion In Q4
Delta Apparel Inc. reported net income rose 42.9 percent in the fiscal fourth quarter ended October 3 as sales advanced 8.1 percent. Net sales in the Delta Group and Salt Life Group segments increased 7.6 percent and 12.5 percent, respectively, over the prior-year period.
