Hibbett Sports Posts Q2 Loss On Charges
Hibbett Sports Inc. reported a loss in the second quarter although it came in slightly better than Wall Street’s targets. Comps increased 0.3 percent.
Foot Locker’s Q2 Comps Reach Low End Of Expectations
Foot Locker, Inc. reported adjusted earnings fell 18.2 percent in the second quarter ended August 3, coming in just below Wall Street’s targets. Same-store sales inched up 0.8 percent, below the retailer’s guidance. The outlook for the year was maintained.
Ross Stores’ Q2 Comps Increase 3 percent
Ross Stores Inc. reported earnings per share for the second quarter ended August 3, 2019 of $1.14, up from $1.04 last year. Net earnings grew to $413 million, compared to $389 million in the prior year. Sales rose 6 percent to $4.0 billion, with comparable-store sales up 3 percent on top of last year’s strongest quarterly comparison of 5 percent.
Champion And PepWear Team Up On High School State Championships
Champion has become the Premium Brand Partner for PepWear. Throughout the multi-year partnership, PepWear will include Champion Teamwear’s premium and on-trend apparel in its lineup of event merchandise to be sold at state championship events,
Champion Opens Store In Las Vegas
Champion Athleticwear is further expanding its retail presence with its first store in Las Vegas and its sixth U.S. retail specialty store overall, complementing other locations in New York, Los Angeles, Philadelphia, Boston and Chicago.
Stage Stores Reports 1.8 Percent Q2 Comparable Sales Increase
Stage Stores, Inc. reported that for the second quarter, comparable sales increased 1.8 percent. Net loss was $23.9 million, and adjusted EBITDA was a loss of $0.1 million.
Fanatics Partners With The University of Miami
Fanatics Inc. and the University of Miami announced an innovative, 10-year, exclusive licensing partnership, which beginning in January 2020 will see Fanatics become the University’s primary apparel, headwear and hard goods partner. Miami joins several other NCAA partners for which Fanatics is the primary apparel partner.
Dick’s Delivers Best Quarterly Comp Gain Since 2016
Dick’s Sporting Goods raised its full-year guidance after reporting earnings and sales in the second-quarter that topped Wall Street expectations. Comps expanded 3.2 percent, the highest gain since 2016. Said Ed Stack, chairman and CEO. “Our key strategies and investments are working, our major headwinds are behind us and we’ve bent the curve on sales.”
Big 5 Appoints Colleen Birdnow Brown To Board
Big 5 Sporting Goods Corp. announced the appointment of Colleen Birdnow Brown to its board of directors, effective August 21, 2019.
L.L.Bean Partners To Deliver On-Site MBA Education To Employees
L.L.Bean and Husson University announced that a group of 22 L.L.Bean employees has begun pursuing their Master of Business Administration (MBA) degrees from Husson University through a workforce development initiative.
Globe International’s Sales Climb 8 Percent In Fiscal Year
Globe International Limited, based in Melbourne, reported continued growth in net sales for the year ended June 30 while profitability was just below the previous corresponding period mainly due to the impact on margins from the strengthening of the US dollar against the AUD.
TIA Finds 2.1 Percent Growth In Tennis In 2018
The total value of the U.S. tennis economy grew by 2.1 percent last year to a total of $6.19 billion, according to data from the Tennis Industry Association’s annual Economic Index, created to evaluate the total worth of the U.S. tennis industry to the overall economy.
Outdoor Retailer Combines Winter Shows In January
Outdoor Retailer, in concert with the Outdoor Industry Association (OIA), as well as key brands and advising retailers, announced it will not produce Winter Market, scheduled for November 5-7, 2019. The show will be united with the Snow Show, creating the Outdoor + Snow Show, scheduled for January 29-31, 2020 at the Colorado Convention Center in Denver, bringing the entirety of the community together.
Nordstrom’s Q2 Tops Estimates
Nordstrom Inc. reported second-quarter earnings that topped expectations although sales came in at the lower end of the expected range.
Delta Galil Appoints Steve Moore President, Mass Division
Delta Galil Industries Ltd. named Steve Moore as president, Mass Division. Moore is a mass merchandising executive with more than 25 years of experience, including at Gildan Activewear and 14 years at Hanesbrands Inc.
