Lululemon Expands Parental Leave Policy
Lululemon said it will now offer its employees three to six months of paid parental leave.
Eddie Lampert Steps Down As Sears’ Chairman
Eddie Lampert will step down as chairman of Sears Holdings Corp’s board, effective immediately, according to a regulatory filing.
Macy’s Names Patti Ongman Chief Merchandising Officer
Macy’s Inc. announced that Patti Ongman has been named chief merchandising officer of the Macy’s brand, effective March 1, 2019. Ongman succeeds Jeff Kantor in this role, who previously announced his decision to retire.
Lorna Jane Continues Expansion
Lorna Jane, the Australian women’s activewear brand, is opening eight more stores in the U.S. to bring the brand’s store count to 38.
Yue Yuen’s January Sales Surge
Yue Yuen reported revenues of $924.0 million against $737.1 million a year ago, a gain of 25.4 percent.
Newell Brands’ Q4 Earnings Hit By Impairment Charge
Newell Brands reported a sharp decline in operating earnings in the fourth quarter as it absorbed a $157 million impairment charge. The Home & Outdoor Living segment saw a core sales decline of 3.0 percent, largely driven by lost distribution for Coleman at a key U.S. retailer.
2018 Holiday Sales Grew 2.9 Percent
Holiday retail sales during 2018 grew a lower-than-expected 2.9 percent over the same period in 2017 to $707.5 billion, the National Retail Federation said today after the Commerce Department released data that had been delayed by nearly a month because of the recent government shutdown.
Canada Goose Q3 Revenues Surge 50 Percent
Canada Goose again raised its guidance for the year after banging out significant gains in earnings and sales in the third quarter ended December 31. Results benefited from strong demand for expanded lightweight offerings, retailer requests for earlier shipments of merchandise, and a strong reception to new stores.
Future Plc Acquires Cycling News And Procycling Magazine From Immediate Media
Future Plc announced the acquisition of two specialist consumer brands from Immediate Media Co. – CyclingNews.com and Procycling Magazine.
SportChek’s Comps Climb 2.5 Percent In Q4
Canadian Tire Corp. reported SportChek’s comps were up 2.5 percent in the fourth quarter and 2.0 percent for the full year
Asics Resets Americas Team After Another Challenging Year
Following a year of double-digit declines, Asics America Group (AAG) reported that Koichiro Kodama will replace Gene McCarthy as CEO of the region in a broad management overhaul.
Puma’s Forecasts Double Digit Growth Again In 2019
Puma closed out its 70th year in business by seeing sales further accelerate in the fourth quarter, led by strength in Asia and North America. Another year of double-digit revenue growth and”significant” earnings gains was predicted for 2019.
Asics Appoints Koichiro Kodama To Head Asics America
Asics announced that Koichiro Kodama will replace Gene McCarthy as president and CEO of the Asics America Group segment.
Asics’ Operating Earnings Tumble On Americas Weakness
Asics reported operating income slumped 46.3 percent in 2018 on a 3.4 percent decline in sales. Results were impacted by a sharp decline in sales in the Americas region.
Emerald Expositions Posts Q4 Loss On Impairment Charges
Emerald Expositions, the parent of the Outdoor Retailer trade show, reported a net loss of $90 million in the fourth quarter as it took $104.3 in impairment charge related to certain trade names and customer-related intangible assets.
