Luxury Online Marketplace Farfetch To Go Public
London-based luxury online marketplace Farfetch filed for an IPO on Monday and plans to list on the New York Stock Exchange under the ticker FTCH.
Analyst Sees Nike Taking Share From Adidas And Others
Susquehanna Financial analyst Sam Poser raised his rating and price target on Nike Inc. as channel checks show that the brand is gaining share from Adidas and others at athletic specialty retailers such as Foot Locker, Finish Line and Hibbett, and is also gaining share within the family footwear channel. Piper Jaffray also upgraded the stock.
Retail Reports Roundup
Studies arrived last week on consumers placing a higher priority on newness, online cart abandonment challenges, digital marketing’s effectiveness, strapped consumers and stores associate bonds helping deter shoplifting.
L.L.Bean Exec Joins Furniture Maker
Brad Kauffman, SVP of business transformation and strategy at L.L. Bean, has joined Thos. Moser, maker of handcrafted American furniture, as the company’s new chief revenue officer.
Nike To Sponsor Alabama A&M
Alabama A&M’s athletic department has joined an apparel partnership with Nike and BSN that begins during the 2018-19 athletic seasons.
Agenda And Liberty Fairs Announce Move
Agenda and Liberty Fairs announced plans to move out of the Sands Expo and Convention Center on the Las Vegas Strip to downtown Las Vegas, starting in February 2019. Adjacent to the up-and-coming Arts District, downtown Las Vegas “is the ideal home for the shows to continue to break the mold of a conventional trade show model to offer stand-out events, unique activations, and an overall elevated experience without limits,” according to a statement.
United Legwear & Apparel Partners With Epic Games
United Legwear & Apparel Co. announced a new partnership with Epic Games to create a range of Fortnite bags and accessories, in a deal brokered by IMG.
Change Of Leadership At Peak Performance
The CEO of Peak Performance Nicolas Warchalowski has chosen to leave his assignment at his own request after the successful acquisition transaction with Amer Sports.
Department Store Roundup: Nordstrom Shares Soar After Standout Q2
Nordstrom Inc. shares skyrocketed on Friday—the day after a stellar quarterly earnings report—increasing $6.94, or 13.3 percent, at market close to secure the company’s spot as the standout department store performer in the second quarter.
Aisle Talk Week of August 13
Top headlines from the active lifestyle industry you may have missed this week, including VF Corp.’s market-moving news that the company is spinning off its jeans division and relocating to Colorado along with The North Face, Smartwool and other brands.
Nordstrom Raises 2018 Outlook On Strong Q2 Earnings Growth
Nordstrom Inc. on Thursday afternoon reported earnings per diluted share for the second quarter ended August 4 of 95 cents, exceeding company expectations and beating Wall Street estimates by 11 cents.
Airblaster Hires Kyle Phillips As Director Of Sales
Kyle Phillips has joined snowboard apparel and accessories brand Airblaster as sales director.
Carhartt, ’47 Kick Off 2018 NFL Season With New Collection
Global sports lifestyle brand ’47 and workwear brand Carhartt on Thursday unveiled the latest product in their collaboration series, this time with the National Football League (NFL).
Blain’s Farm & Fleet Announces Fourth Michigan Location
Family-owned and operated Blain’s Farm & Fleet has announced plans for the company’s fourth Michigan location in Ottawa County’s Holland Township. It is slated to open in the fall of 2019.
Delta Galil Income Down On Acquisition Costs
Delta Galil Industries Ltd., the global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear, activewear and denim, on Thursday reported net income of $6.5 million for the second quarter ended June 30, including a one-time non-recurring charge of $3.95 million related to acquisition costs.
