Nordstrom Inc. announced a net sales decline of approximately 22 percent for the nine-week holiday period ended January 2, 2021, compared with the nine weeks ended January 4, 2020. Digital sales grew 23 percent. Sequential sales improved, in-line with company expectations, adjusting for Anniversary shift.
Author: SGB Media
Orva Secures Investment
Trilantic North America closed on an investment in Orva, a 3P authorized retail partner for footwear, apparel and equipment brands selling on Amazon, Walmart and other direct-to-consumer channels.
Rawlings Partners With Blast Motion
Rawlings recently entered a new business partnership with performance insights company Blast Motion. This partnership will be centered around Rawlings’ non-wood bat category and enable the brand to engineer its Mantra softball bat to exclusively feature Blast Motion’s sensor technology.
SylvanSport Appoints Finance Director
SylvanSport is expanding its team, most recently with the hire of Finance Director Lisa Drake. Drake previously worked as Finance Director in the manufacturing and hospitality industries.
Target’s Holiday Same-Store Sales Climb 17 Percent
Target Corporation announced that comparable sales in the combined November/December period grew 17.2 percent, driven by a 4.3 percent increase in traffic and a 12.3 percent increase in average ticket sales. Store-originated comparable sales grew 4.2 percent, while comparable digital sales grew 102 percent.
Professional Surfer And Filmmaker Joins Body Glove Athlete Team
Body Glove welcomed professional surfer and filmmaker Hunter Jones to its athlete roster as the first of three new team additions to be announced soon. Jones’ passion for surfing was sparked at an early age when his friend and friends’ father taught him to surf at a local break in El Porto, a beach […]
Stone Glacier Adds Key Apparel Pieces To Growing Performance Line
Stone Glacier released new apparel pieces to its growing product line including the M7 Jacket, M7 Pant, De Havilland Lite Pant, and Zenith Jacket. The M7 Jacket and M7 Pant are Stone Glacier’s latest outerwear offerings for late-season hunts. Specs include: Constructed with 100 percent windproof and waterproof HydraSheild SS textile for variable conditions and […]
Big 5 Raises Q4 Guidance On Robust Holiday Sales
Big 5 Sporting Goods Corp. raised its earnings guidance for the fourth quarter ended January 3 as same-store sales grew 10.5 percent in the period on improving merchandise margins. Said Steven Miller, president and CEO, “As we enter a new year, we are confident that our product offerings will continue to attract customers who are looking to stay healthy and active.”
Pro:Direct Sport Extends Contract With Unipart Logistics
Pro:Direct Sport has extended its contract for five years with Unipart Logistics to support warehouse and distribution services for end customers across its U.S. market.
Artilect Appoints Director Of Technical Design And Development
Artilect, a new action/outdoor brand, announced that Sonia Lunardon has joined its team in the role of director of technical design and development. She was at The North Face.
CLMBR Expands Executive Team
CLMBR announced the expansion of its executive team with the appointment of Paul LaFontaine to the position of chief operations officer and Matt Culig to the position of chief financial officer.
Urban Outfitters Announces Leadership Changes
Urban Outfitters Inc. reporting a challenging holiday quarter and a planned exit for the CEO of its namesake brand.
Bowtech Archery Introduces Solution SS Archery System
The Solution SS, short for super-smooth, “can be shot for days on end and held tirelessly at full draw.” Its Deadlock Cam System offers “flawless accuracy”. As with the Solution, the limbs coupled with a center pivot riser design, eliminate sound and vibration and is smooth from start to finish with its accurate cam system. […]
Life Time’s Debt Ratings Lowered
Moody’s downgraded the debt ratings of Life Time Inc. due to continued disruptions to fitness centers due to the coronavirus
Grundéns Appoints VP, Marketing
Grundéns announced the hiring of Ashley Williams as vice president of marketing. Williams most recently served as senior director global marketing for Keen and vice president of marketing for Amer Sports Americas.
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