AAFA Again Urges Swift Resolution To Tariff Dispute
At the public hearings being held this week in Washington, D.C. over the latest round of proposed tariffs, the The American Apparel & Footwear Association (AAFA) reiterated the association’s call for a swift resolution and warned any additional tariffs would harm U.S. workers, companies, consumers and communities.
Nike Closes Stores In South Africa After Backlash Over Racist Video
Several Nike stores in South Africa have been closed after the online circulation of a video featuring an employee’s husband making racist remarks, according to a report from Reuters.
The Storyteller: Joe Prebich Outlines Vision For Mammut North America
Joe Prebich, who was appointed CEO and managing director of Mammut North America in April, spoke with SGB at length about the company’s ambitious plans to grow the 156-year-old, Switzerland-based apparel and gear brand’s presence on this side of the Atlantic.
Urban Outfitters Boosted By Macro Fashion Shift
Riding a strong fashion cycle, Urban Outfitters Inc. reported second-quarter profits rose 85.9 percent to $92.8 million, or 84 cents a share exceeding Wall Street’s consensus estimate of 77 cents. Company officials said a changing fashion silhouette is encouraging consumers to replace their wardrobe closets.
Urban Outfitters’ Profits Soar In Q2
Boosted by a 13 percent hike in comparable store sales, Urban Outfitters Inc. reported second-quarter profits rose 85.9 percent to $92.8 million, or 84 cents a share, exceeding Wall Street’s consensus estimate of 77 cents.
Champion Athleticwear Debuts New Retail Store In New York City
Athletic apparel company Champion Athleticwear has expanded the company’s retail footprint with a second U.S. retail specialty store opening in New York City, at 434 Broadway.
REI Co-Op Extends Used Gear Digital Platform
REI Co-op is reaffirming the company’s commitment to sustainable, affordable pre-loved gear for customers, with a refreshed used gear website featuring new brands and more product categories available for purchase and a series of member-to-member gear swaps and a team of employees dedicated to getting lightly used products in the hands of more customers.
Target Scores Best Quarterly Comp In 13 Years
Target Corp. reported second-quarter earnings that topped Wall Street’s targets on comparable sales growth of 6.5 percent and traffic growth of 6.4 percent. The discount giant lifted its guidance for the year.
Gander Outdoors Sets Grand Opening In Plattsburgh, NY
Gander Outdoors, formerly known as Gander Mountain, is now open in Plattsburgh, NY. A grand opening event is planned for Saturday, August 25, 2018 at 60 Smithfield Boulevard. The 43,000-square-foot location is one of five facilities in the state.
TJX Cos. Finding Off-Price Formula Appealing To Youth
Finding younger consumers being drawn to the company’s deal-driven, treasure hunt experience, TJX Cos. raised the company’s full-year forecast after reporting second-quarter results that handily topped Wall Street’s targets.
Nike, Adidas & Under Armour All Deliver For Kohl’s In Q2
Kohl’s Corp.’s trusty trio of active brands—Nike, Adidas and Under Armour—delivered solid sales in the second quarter, helping the department store top analysts’ earnings and revenue estimates as the company also raised guidance for fiscal 2018.
J.C. Penney Launching Shaquille O’Neal Big & Tall Line
Building on the company’s partnership with NBA legend and television personality Shaquille “Shaq” O’Neal, J.C. Penney is unveiling an all-new, exclusive big & tall brand, Shaquille O’Neal XLG.
Nike Criticized For Selling ‘Menacing’ Balaclava
Nike Inc. has been taking a lot of heat on social media for selling a black balaclava that looks “menacing” and could incite gang violence, according to critics.
SGB Executive Q&A: Progression Brands Group’s Ian Widmer
Ian Widmer, the founder of Progression Brands Group (PBG) talked to SGB about his company’s unique hybrid equity/management investment structure, the boutique’s investment criteria and the opportunities and challenges facing emering brands in today’s marketplace.
TJX Raises Full-Year Guidance On Strong Q2
Apparel and home fashions retailer The TJX Cos. Inc. raised the company’s full-year guidance after reporting net sales for the second quarter ended August 4 increased 12 percent to $9.3 billion. Consolidated comparable store sales increased 6 percent over the comparable period last year ending August 5, 2017.
