Puma Mixes Modern and Nostalgic References in Collab with Aries
The genderless collection includes statement graphics, experimental knitwear and double nylon pieces, paired with a crafted selection of accessories and footwear, including an Aries take on the Puma Mostro.
EXEC: VF Details Supreme Contribution to Corporate Picture
For the fiscal 2024 year-end, the Supreme discontinued operations accounted for $538.9 million of revenue, $324.9 million in gross profit, $109.9 million in operating income, and 13 cents per diluted share during VF’s 2024 fiscal year.
Journeys Parent Narrows Q2 Loss as Sales Tick Up; Raises FY Guidance
Genesco, Inc. now expects total sales to decrease 1 percent to 2 percent for the year, versus prior expectations for a total sales decrease of 2 percent to 3 percent.
Foot Locker Commemorates 50th Anniversary with Limited-Edition Collection
Over the decades, Foot Locker has marked its influence on sneaker culture with milestones, including the exclusive launch of the Nike Air Max Plus in 1998, the Foot Locker Slam Fest from 1988 to 1996, and introduced signature sneakers for athletes with top brands.
EXEC: Callaway and Topgolf Management Outline Separation Plan
The company said it expects to effect the separation by spinning off the Topgolf business to Topgolf Callaway Brands’ shareholders in a transaction that is intended to be tax-free for both the company and its shareholders for U.S. federal income tax purposes.
Tilly’s Takes a Shifting Calendar Hit to Second Quarter Sales; Improves EPS Loss to Zero
The calendar shift impact of last year’s 53rd week in the retail calendar, which caused a portion of the back-to-school season’s sales volume to shift into the latter stages of the second quarter from the beginning of the third quarter last year.
Zumiez Gets Q2 Sales Lift From Year-over-Year Calendar Shift and Narrows Net Loss
The company experienced a noticeable acceleration in its sales trend as the second quarter unfolded, with July North America comparable sales increasing in the high-single digits and encouraged about prospects for growth over the remainder of fiscal 2024.
Cotopaxi Opens Store on Boston’s Newbury Street
Located in the heart of Newbury Street, the store was originally a 19th-century schoolhouse before retail.
Arc’teryx to Feature First ReGear Showroom in New Brand Store in NYC
The flagship store will sell new and pre-owned Arc’teryx apparel and gear, with one floor dedicated to its ReBird Service Center, offering product care and repair services.
Macy’s, Inc. Announces Debt Tender Offer
Macy’s Retail Holdings, LLC, has commenced a cash tender offer to purchase up to an aggregate principal amount of certain of its outstanding notes for a combined aggregate purchase price of up to $220 million.
Lands’ End Narrows Q2 Loss as Margins Improve Despite Sales Decline
The company reported that Gross Merchandise Value increased in the mid-single digits year-over-year for the quarter . Net revenue decreased to $317.2 million in Q2, compared to $323.3 million in fiscal Q2 2023.
G-III Inks Global Converse Apparel License; Ups EPS Guidance of Strong Q2
G-III said with Converse holding a position as an iconic American youth lifestyle brand the agreement represents a significant opportunity for the company to expand the G-III active lifestyle business.
Buckle Sees August Comps Inch Up
Buckle, Inc. reported August comparable store net sales for the 4-week period ended August 31 inched up 1.7 percent from comparable store net sales for the year-ago August period.
EXEC: Dick’s SG Tempers Outlook for H2 on Concerns Over Consumer
The largest sporting goods retailer in the country, which just posted 4.9 percent comp growth in the first half of the year, also has concerns about the consumer. As many others have noted in their earnings calls, DKS is clearly seeing something at the store level.
Fossil Group Snags Franco Fogliato as CEO and Board Member
New CEO Franco Fogliato most recently served as president and CEO of Salomon. Before that, he spent eight years working at Columbia Sportswear as CEO of Europe and at Billabong Group and held executive roles at The North Face earlier in his career.
