Lord & Taylor, the oldest U.S. department store chain, has filed for bankruptcy protection with a plan to liquidate its stores
Author: SGB Media
Deckers Brands Gets E-Comm Lift In Fiscal Q1 With Strength In Hoka And Ugg Slippers
Deckers Brands saw a “robust” direct-to-consumer business in the fiscal first quarter ended June 30, driven by triple-digit online growth in both the Ugg and Hoka One One brands. Net sales for the first fiscal quarter ended June 30 increased 2.3 percent to $283.2 million.
Columbia Sportswear Looks To Fall/Winter Season, E-Commerce As Opportunities
Columbia Sportswear’s second-quarter direct-to-consumer e-commerce business grew 72 percent year-over-year and represented 28 percent of global net sales during the quarter as the company managed through the impact of the global COVID-19 pandemic.
Newell Brands Sees 20 Percent Sales Drop In Outdoor & Recreation Segment
Newell Brands said sales at its Outdoor & Recreation segment, which includes Coleman and Marmot, fell 20.3 percent to $353 million from $443 million a year ago. The decline reflected a core sales decline of 21.5 percent and the impact of unfavorable foreign exchange.
VF’s Q1 Sales Fall 48 Percent, But Bounce Back In China
VF Corp. reported a net loss of $285.6 million, or 73 cents a share, in the first quarter ended June 30 as revenues tumbled 48 percent. The loss was 10 cents better and sales were slightly above Wall Street’s targets. VF said it has seen recovery in China and expects revenues for the current quarter to be down less than 25 percent.
Under Armour Posts Steep Loss In Q2
Under Armour reported a net loss of $183 million in the second quarter ended June 30, including $39 million in restructuring charges. Revenues were down 41 percent. Sales topped Wall Street’s target but losses were significantly below. Sales in North America were down 45 percent.
Johnson Outdoors Sees Fiscal Q3 Revenues Sink 21.5 Percent
Johnson Outdoors reported net profits in the fiscal third quarter ended June 26 fell 41.6 percent as revenues declined 21.5 percent.
NPD Report: June Golf Equipment U.S. Sales Jump 51 Percent
As golf courses around the United States continue to reopen, golf equipment dollar sales grew by 51 percent in June compared to the comparable month last year, building off of the market’s 22 percent growth in May according to The NPD Group.
Deckers Brands Posts Solid Quarter On Strong DTC, Hoka and Domestic Gains
Deckers Brands reported that net sales for the first fiscal quarter ended June 30 increased 2.3 percent to $283.2 million compared to $276.8 million for the comparable period last year. The basic loss per share was 28 cents a share compared to a basic loss per share of 67 cents in the comp period last year.
Modell’s Sets Stalking Horse Bid For IP Assets
Hilco Streambank, an intellectual property advisory firm, announced the pending sale of the intellectual property assets of Modell’s Sporting Goods with the execution of a stalking-horse bid for the assets at $1.97 million.
Delta Apparel Fiscal Q3 Results Improved As Period Progressed
Delta Apparel, Inc. reported net sales for the fiscal third quarter ended June 27 were $71.8 million, or approximately 60 percent of prior-year quarter net sales of $119.3 million. DLA said monthly sales performance sequentially accelerated throughout the third quarter from April sales at 33 percent of prior-year levels to June sales at nearly 90 percent of prior-year levels. Net sales in the Delta Group segment and Salt Life Group segment decreased 39.0 percent and 47.2 percent, respectively, from the prior-year period.
Columbia Sportswear Releases 2019 Corporate Responsibility Report
Columbia Sportswear Company released its 2019 Corporate Responsibility Report, which includes highlights from the progress made throughout 2019 in the three main areas of focus in its corporate responsibility strategy – empowering people, sustaining places and responsible practices.
Columbia Sportswear’s Q2 Revenues Slump 40 Percent
Columbia Sportswear Co. joined a number of industry players reporting a loss in the second quarter amid significant sales declines due to the fallout from COVID-19, but results came in better than Wall Street targets. Among brands, sales declined 42 percent at Columbia, 12 percent for Sorel, 28 percent for Prana, and 44 percent at Mountain Hardwear.
HanesBrands’ Q2 Boosted By Apparel And PPE
Driven by a better-than-expected performance from both its apparel and its new PPE (personal protection equipment) businesses, Hanesbrands swung to a surprise profit in the second quarter. Point-of-sale (POS) in its U.S. basics and Champion businesses in May and June exceeded pre-COVID levels.
Crocs’ Q2 Profits Climb On Strong Expense Cuts
Crocs Inc.’s sales slid 7.6 percent in the third quarter as a 67.7 percent jump in online sales was unable to offer declines at wholesale and physical retail. Profits improved sharply due to higher gross margins and expense controls.
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