Deckers Brands Sees Sees Slower Growth Trend in Year Ahead
The parent of the Hoka, Ugg, Teva, Sanuk brands expects fiscal 2025 sales to grow 10 percent, compared to the 21 percent growth achieved in fiscal 2024 and a 19 percent compounded annual growth rate over the past four years.
On Elects New Independent Member to Board
On elected Laura Miele as an additional independent member of its Board of Directors. Miele will also serve as a member of the Audit Committee.
Puma SE Appoints Supervisory Board Members
Harsh Saini and Roland Krüger were appointed independent members of the company’s Supervisory Board for a three-year period.
Delta Apparel Chairman and CEO Resigns at Request of Independent Directors
The parent of the Salt Life, Soffe and Delta brands confirmed that company Chairman and CEO Robert W. Humphreys resigned from all positions with the company, effective June 29. The company appointed a chief restructuring officer to advise the Board on succession planning.
VF Corp. Appoints Paul Vogel as Chief Financial Officer
As previously announced, he will succeed Matt Puckett, who will be stepping down, effective July 8, 2024.
Vans Brand and Americas Region Continue as Biggest Issues for VF Corp. Turnaround
TNF was down 5 percent in Q4, with brand DTC up 6 percent in reported terms or up 7 percent in constant-currency (CC) terms. Vans was reportedly down 26 percent (-27 percent CC) year-over-year (YoY) for the period,
E-Commerce Brands Unite Under New Company, Nameplate
Omni is the parent company of Bodybuilding.com, Pier 1.com, DressBarn.com and Mentorbox.com, and owns the intellectual property of Modell’s Sporting Goods, Franklin Mint, SteinMart, Linens-N-Things, and Ralph & Russo.
SFIA Promotes Kerman and Hoffman to New Roles in the Organization
Alex Kerman is now the association’s senior director of research and business operations and Chandler Hoffman is director of membership and technology.
Urban Outfitters, Inc. Beats Q1 Street Estimates as Comps Rise in Mid Singles
The increase in Comparable Retail segment net sales was driven by high-single-digit positive growth in digital channel sales and low-single-digit positive growth in retail store sales.
Imperial Headwear Acquires Pukka
Imperial, the headwear manufacturer founded in 1916 and owned by CPC, rcompleted the acquisition of Pukka, a designer, manufacturer and marketer of custom headwear in the golf, action sports and team sporting goods markets based in Findlay, OH.
Report: Cities in Florida Top U.S. Charts in Freelancer Population and Revenue Growth
The 7th Annual Freelance Economic Impact Report also identifies major growth across Texas while traditional business hubs like San Francisco and New York remain stagnant.
Target Corp. Sees Flattish Bottom Line in Q1 as Comps Fall in the Mid Singles
Total revenue for the quarter was down 3.1 percent year-over-year to $24.5 billion, said to reflect a total sales decline of 3.2 percent and a 3.9 percent increase in other revenue.
Fanatics Signs Retail and Merchandising Partnership with R&A
The long-term deal covers eCommerce, event and physical retail, memorabilia, and licensing rights and will offer consumers the “largest assortment of Open and AIG Women’s Open merchandise ever assembled.”
TJX Ups Full-Year EPS Guidance as Q1 Comps Rise 3 Percent
The company said it saw comp sales growth at every division entirely driven by customer transactions, which underscores the strength of our value proposition.
Lululemon Re-Works Product, Brand Teams as Product Chief Sun Choe Departs
Jonathan Cheung, the global creative director, will drive product design, innovation and product development. Nikki Neuburger will become chief brand and product activation officer. Elizabeth Binder, chief merchandising officer, will report to Neuburger.
