Kohl’s Earnings Slide 15 Percent In Q4
Revenues were down 2.8 percent to $6.2 billion with same-store sales off 2.2 percent.
Gildan Activewear Sees Weak Reorders Curbing Q4 Sales Growth
On a conference call with analysts, Rhod Harries, EVP and CFO, said sales were impacted by “weak store traffic trends and a weak holiday period, which drove retailers to limit replenishment and manage down inventory levels during the fourth quarter.”
Adidas Partners With Prep Baseball Report
The agreement creates a platform to provide kids visibility to high school, college and pro teams across a national footprint.
Nike Partners With Tennis Star Li Na
This March, the swoosh will release the China-exclusive Li Na Collection, honoring her trailblazing determination and encouraging more girls to follow in her footsteps.
Iconix’s Active Labels Deliver Mixed Q4 Performance
Iconix Brand Group indicated that some of its active brands are facing challenges in lower channels that are not being completely offset by momentum seen by several of its labels in mid-tier and independent channels.
Billabong Sells Tigerlily Swimwear Brand
Billabong International Limited entered into an agreement to sell its Tigerlily business to Crescent Capital Partners.
Gildan Activewear’s Q4 Revenues Climb 8 Percent
Gildan Activewear reported fourth-quarter earnings that came in slightly better than planned. Sales in its Printwear segment were in line with expectations, while retailer inventory reductions contributed to lower-than-anticipated sales in Branded Apparel.
The Finish Line Youth Foundation Donates $526,203 In Q4
The Finish Line Youth Foundation awarded $151,203 in grants and $375,000 in donations for Special Olympics in the fourth quarter of 2016.
Sierra Trading To Open 15 Stores In 2017
The TJX Cos. plans to accelerate openings at Sierra Trading Post, with 15 stores to open in 2017, officials said Wednesday on the company’s fourth-quarter conference call.
Iconix Brand Shows Steep Loss On Write-Offs
Iconix Brand Group reported a loss of $297.5 million, or $5.30 a share, in the fourth quarter after absorbing a pre-tax impairment charge of $443 million related to certain of the company’s trademarks and goodwill.
Goldwin Launches Menswear Capsule
The collection features Gore-Tex shells and versatile layering pieces.
Wolverine Reports Q4 Loss
Wolverine World Wide Inc. reported a loss of $1.9 million, or 2 cent a share, in the fourth quarter, against earnings of $11.6 million, or 12 cents, a year ago. Adjusted earnings on a currency-neutral basis were slightly above year-ago levels and Wall Street’s target.
Macy’s Sees Comps Declining In 2017
Macy’s Inc. reported earnings declined in the fourth quarter and year while projecting same-store sales in 2017 would decline between 2.2 percent and 3.3 percent.
Who Will Land Outdoor Retailer?
Montana and Oregon joined Colorado in expressing their interest in the lucrative contract.
Dick’s Opens Stores In Iowa, New York And Georgia
Grand opening celebrations for new stores in Davenport, IA, Queens, NY and Hinesville, GA will occur March 10 through March 12.
