The TJX Cos. Inc. on Wednesday announced net sales for the fiscal fourth quarter ended February 1 increased 10 percent to $12.2 billion, beating estimates by $370 million. Consolidated comparable store sales increased 6 percent over a 6 percent increase last year driven by improved customer traffic.
Author: SGB Media
NRF Forecasts Retail Sales To Grow In 2020 Despite Headwinds
The National Retail Federation on Wednesday forecasted that retail sales during 2020 will increase between 3.5 percent and 4.1 percent to more than $3.9 trillion despite uncertainty from the lingering trade war, coronavirus and the presidential election.
Amazon Status Boosts Rocky Brands In Q4, Bodes Well For 2020
When Rocky Brands Inc. was awarded “seller-fulfilled status” on Amazon Prime last year, it opened up a new channel—and significant new high-margin revenue opportunities—for the Nelsonville, OH-based company. The program provided a lift for Rocky Brands in the fourth quarter and should boost the company throughout 2020.
Revolve Sees 16 Percent Q4 Growth
Revolve Group, the fashion e-tailer, reported sales in the fourth quarter ended December 31 rose 15.5 percent to $147.6 million from $127.7 million.
Tokyo Olympics May Be Cancelled If Coronavirus Not Contained By Late May
The 2020 Tokyo Olympics are more likely to be canceled than moved or rescheduled if by late May the coronavirus outbreak is deemed too dangerous to go ahead with the original schedule, according to International Olympic Committee member Dick Pound.
Planet Fitness Sees Q4 Same-Store Sales Climb 8.6 Percent
Planet Fitness Inc. reported earnings in the fourth quarter ended December 31 rose 20.6 percent on an adjusted basis as revenues climbed 9.8 percent.
Mayweather Boxing + Fitness To Open Chicago Studio
Mayweather Boxing + Fitness announced today its downtown Chicago location will open on March 14 at 219 W.Hubbard, Chicago, IL.
Golf Celebrity Gary McCord To Speak At NSGA Management Conference
Gary McCord, the popular golf television analyst, author and speaker, has signed on as a keynote speaker at the National Sporting Goods Association (NSGA) 56th Annual Management Conference & 22nd Annual Team Dealer Summit.
Vans Promotes David Tichiaz To Americas Division GM
Vans has promoted David Tichiaz to general manager of Vans Americas, the brand’s parent company, VF Corp., confirmed to SGB Media on Tuesday. Tichiaz replaces Mitch Whitaker, who was appointed to the newly created role of vice president and managing director, VF Japan.
SquadLocker Attracts $20 Million Investment
SquadLocker, a leading uniform and custom team gear provider, announced the closing of a $20 million Series C funding round led by late-stage growth company investor ABS Capital Partners.
Rocky Brands’ Strong Q4 Caps Record Year Of Profitability
Rocky Brands Inc. on Tuesday reported fourth-quarter net income increased 41 percent to $5.1 million, or 68 cents per diluted share, from $3.6 million, or 48 cents per diluted share in the year-ago period. EPS beat Wall Street’s consensus target by 21 cents.
Big 5 Warns Of Q1 Loss
Big 5 Sporting Goods Corp. reported earnings of $356,000, or 2 cents share, in the fourth quarter, rebounding from a loss a year ago. But the retailer said it expects a loss in the first quarter as winter weather conditions have softened significantly over the course of the period. Same-store sales are currently running down approximately 10 percent in the quarter.
Deckers Brands Appoints New Independent Director To Board
Deckers Brands on Tuesday announced the appointment of Juan R. Figuereo to its board of directors effective March 1.
FDRA’s 2020 Footwear Executive Summit Set For March
Executives from Journeys, Keen Footwear, DSW, Caleres, Target and BBC International are among the speakers at FDRA’s 2020 Footwear Executive Summit.
Dillard’s Falls Shy Of Fourth-Quarter Expectations
Dillard’s Inc. reported earnings per share of $2.75 for the fiscal fourth quarter ended February 1, down from $3.22 in the year-ago period and shy of Wall Street’s consensus expectation of $3.01.
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