Target Corp. reported second-quarter comparable sales grew 24.3 percent, the strongest the company has ever reported. Adjusted earnings grew 86 percent.
Author: SGB Media
Lemon Perfect Raises $6.6 Million
Lemon Perfect, the cold-pressed lemon water brand, has raised $6.6 million in a new funding round. The capital raise will be used to fund distribution growth, increase marketing support, and recruit key talent.
Dick’s SG Appoints Chief Communications And Sustainability Officer
Dick’s Sporting Goods has appointed Peter Land as chief communications and sustainability officer.
Life Fitness Promotes From Within To Lead Consumer Sales In The Americas
Life Fitness promoted John Kazik to the role of vice president, Americas Consumer Sales and Billiards.
NRF: Parents To Spend Even More On Tech This Back-To-School Season
Most families still don’t know what supplies students need for school and college this year, but more expect at least some classes to take place online than a month ago and said they will buy more computers and other items for back-to-school, the National Retail Federation (NRF) and Prosper Insights & Analytics reported.
MidwayUSA Foundation Appoints Relationship Manager
The MidwayUSA Foundation has appointed John Linquist to the new position of relationship manager. In his new role, Linquist will pursue opportunities for businesses to join MidwayUSA Foundation in sustaining and growing youth shooting sports.
Amazon To Hire 3,500 In U.S. Expansion
Amazon announced plans to add 3,500 tech and corporate jobs across a half-dozen U.S. cities. The cities include Dallas, Detroit, Denver, New York, Phoenix, and San Diego.
Report: Academy Sports Confidentially Files For IPO
Academy Sports + Outdoors, acquired by Kohlberg Kravis Roberts & Co (KKR) in 2011, has confidentially filed paperwork for an initial public offering, according to a report from Bloomberg.
Walmart’s U.S. Comps Climb 9.3 Percent In Q2
Walmart reported total revenue in the second quarter was $137.7 billion, an increase of $7.4 billion, or 5.6 percent. Excluding currency impacts, total revenue would have increased 7.5 percent to reach $140.2 billion. Walmart U.S. comp sales climbed 9.3 percent, led by strength in general merchandise and food. Walmart U.S. e-commerce sales grew 97 percent with strong results across all channels.
Payless Plans Comeback In U.S.
Payless, which emerged from bankruptcy protection in January after closing all its 2,100 stores in the U.S., announced plans to open 300 to 400 standalone stores nationwide in the next three to five years.
Kohl’s Q2 Results Top Wall Street’s Targets
Kohl’s reported a loss in the second quarter on a 23.1 percent revenue decline but both exceeded Wall Street’s consensus targets. The retailer also noted that disciplined management of expenses and inventory resulted in positive operating cash flow in the period. Michelle Gass, Kohl’s CEO, said, “We are well-positioned to capitalize on evolving customer behaviors and the retail industry disruption, which we believe will drive long-term growth and increased markethare.”
Mint Green Group To Distribute Nike Golf And Tennis In Canada
The Mint Green Group announced an exclusive distribution partnership with Nike Canada in golf and tennis. The partnership will enable increased investment in these categories.
Li Ning Sees Modest Sales Decline In First Half
Li Ning reported profits on an adjusted basis grew in the first half while revenues only showed a slight decline despite the impact of COVID-19.
Federal Court Strikes Down California’s Ban On High-Capacity Magazines
A three-judge panel of the 9th U.S. Circuit Court of Appeals on Friday threw out California’s ban on high-capacity ammunition magazines, labeling it a violation of the Second Amendment.
The Running Event Cancelled
Diversified Communications, organizer of The Running Event (TRE), announced it has canceled TRE, scheduled to take place December 1-3 in Austin, TX, due to health concerns stemming from COVID-19.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal