Report: Retail Industry Continues to be Largest Private-Sector Employer
The retail industry supported 55 million full- and part-time jobs in 2022, accounting for 26 percent of total U.S. employment, according to a new report released by the NRF.
American Apparel Expands Reach in Australian and New Zealand Markets
American Apparel, owned by Gildan Activewear, is expanding its reach in the Australian and New Zealand markets, releasing its 2024 product line through a dedicated e-commerce website.
EXEC: Xtep Gives Nod to Saucony Profits, Provides Details on Wolverine IP Deal
The retail partner for the Saucony, Merrell, K·Swiss, and Palladium brands, and now a 40 percent owner of the Saucony IP in China, said 2023 was a landmark year as it celebrated its 15th Anniversary of listing on the Hong Kong Stock Exchange.
EXEC: The Buckle Sees Denim ASPs Rise But Profits Dip as Footwear Falls 41 Percent
Fourth quarter comparisons also continued to be challenged with declines in the retailer’s HeyDude volume, particularly on the men’s side. Overall footwear sales were down about 41 percent for the quarter.
Dick’s House of Sport Partners with Former NFL Pro J.J. Watt
“J.J.’s passion for sport and his commitment to the community make him the perfect fit for Dick’s House of Sport.” —Mark Rooks, VP of creative, sponsorships and entertainment, Dick’s Sporting Goods
Adidas Introduces Twistknit and Twistweave in Ultimate365 Golf Apparel Collection
Adidas Golf’s new material concepts, Twistknit and Twistweave, are now part of its Ultimate365 golf apparel range for men and women.
EXEC: L.L.Bean Approves 9 Percent Bonus for 5,600 Employees Despite a Down Year
The retailer ended the 2023 fiscal year with annual net revenue totaling $1.7 billion, compared to $1.8 billion in the prior year. The Board approved a performance bonus of 9 percent of annual pay for its approximately 5,600 employees, comprised of a 5 percent cash bonus and a 4 percent 401(k) contribution.
Curry Brand Signs South Carolina Guard as First Collegiate Athlete
Under Armour, Inc. signed MiLaysia Fulwiley to a multi-year NIL deal with the Curry Brand.
Adidas x Yohji Yamamoto Introduct Latest Y-3 Atelier Collection
The apparel takes original Yamamoto and Yohji Yamamoto Pour Homme designs from the designer’s recent runway collection embellished with Adidas’ three stripe logo.
Xcel Brands, Inc. Prices Public Offering of Common Stock Shares
All of the shares of common stock are being sold at a public offering price of 65 cents per share, for gross proceeds of $2,134,874, before underwriting discounts and commissions and offering expenses, and included participation from members of Xcel’s management.
Lands’ End, Inc. Authorizes $25 million Share Repurchase Program
The company expects that purchases will be funded through existing cash on hand, cash from operations, borrowings under its asset-based senior secured credit facility or a combination of the foregoing.
Hibbett, Inc. Sees Q4 Net Income Decline as Comp Sales Fall 6.4 Percent
Brick-and-mortar comparable sales declined 9.2 percent, while e-commerce increased 6.9 percent on a year-over-year basis, excluding the impact of the 14th week. E-commerce represented 18.9 percent of total net sales for the Fiscal 2024 Q4 period.
EXEC: Zumiez to Stop Store Expansion to Focus on Profitable Growth, Brand Expansion
In 2023, Zumiez closed 20 underperforming North American stores and expect to close an additional 20 to 25 locations in 2024, should results continue to be challenged. The retailer said it will pivot from new stores to profitable growth in Europe.
EXEC: Tilly’s, Inc. Sees Proprietary Brands Outperforming Vendor Brands in Q1
Total comparable quarter-to-date net sales through March 12, 2024, have decreased by 13.4 percent relative to the comparable period last year and the company is forecasting a comp store sales decline in the range of 14 percent to 7 percent for the quarter.
EXEC: Dick’s Sporting Goods on Path for Biggest Expansion Since 2017
After a strong finish to the fiscal year and posting its largest Q4 ever, the company has already put its stake in the ground for the next chapter (or chapters) in the story of the 75-year-old sporting goods retailer.
