SGB Apparel

TJX’s Q3 Surpasses Wall Street Targets

The TJX Companies Inc. reported earnings grew slightly and easily topped Wall Street’s consensus estimate. Overall open-only comp-store sales were down 5 percent versus last year. Comps at Marmaxx (U.S.), including T.J. Maxx, Marshalls and Sierra Trading, were down 10 percent.

SFIA Appoints Chief Business Officer

The Sports & Fitness Industry Association announced the appointment of Bill Patterson as SFIA’s chief business officer, effective immediately. He formerly worked for OpSec Security.

Stein Mart Receives Bid For IP Assets

Hilco Streambank is marketing the intellectual property assets of Stein Mart after the retailer signed a $4 million deal with a subsidiary of Retail Ecommerce Ventures (REV) to be the stalking horse bidder for Stein Mart’s IP.

Lululemon To Start Selling Mirror In Stores

Lululemon will begin selling its recently acquired Mirror home gym in 18 stores across the U.S. from this month. The cities include New York, Washington, D.C., Miami, Chicago, Minneapolis, Dallas, Los Angeles, and San Francisco.

Consumer Confidence Slips In October

Consumer confidence waned in October, reflecting somewhat less optimism about the jobs market and the U.S. economy in the next six months amid another outbreak of coronavirus cases.