Designer Brands Inc. plans to partner with Jennifer Lopez to produce a line of footwear and handbags under the JLO Jennifer Lopez name. The collection will be sold exclusively at DSW Designer Shoe Warehouse stores in the United States and Canada, and online at DSW.com.
Author: SGB Media
SportChek Sees Modest Growth In Q4
Canadian Tire Corp. reported sales of its SportChek segment were up 1.3 percent in the fourth quarter with comparable sales gaining 2.0 percent.
Global Strength Helps Thule Overcome U.S. Challenges
In 2019 and particularly Q4, Thule Group AB notched enough revenue growth elsewhere in the world to overcome what CEO Magnus Welander called a “challenged” U.S. market. But with low-margin OE contracts now phased out and a competitor no longer discounting a particular jogging stroller, Thule has brighter days ahead here for 2020.
Yeti’s Q4 Sales Expand 23 Percent
Yeti Holdings Inc. reported adjusted net income rose 31 percent in the fourth quarter on a 23 percent revenue gain. Both earnings and sales exceeded Wall Street estimates.
Fox Factory To Acquire SCA Performance Holdings
Fox Factory Inc., has signed a definitive agreement to acquire SCA Performance Holdings Inc., a leading OEM authorized specialty vehicle manufacturer (SVM) for light-duty trucks and SUVs with headquarters in Trussville, AL. The company also said its fourth quarter and full fiscal year 2019 outlook is expected to be slightly above its previous range.
Report: Modell’s Hires Financial Advisors
Modell’s Sporting Goods has re-hired Berkeley Research Group “for a full-fledged balance sheet restructuring” and Cole Schotz for legal advice with plans “for a potential in-court restructuring,” according to a report from Debtwire.
OBIT: Timberland’s Cassie Heppner
Catherine “Cassie” Heppner, a marketing executive at Timberland, has been identified as the woman fatally stabbed Sunday at Timberland’s headquarters in Stratham, NH. Timberland said in a statement, “Cassie was truly one-of-a-kind, and her passing leaves a void that will never be filled.” We extend our deepest condolences to her family and loved ones.”
Report: Stage Stores Exploring Bankruptcy
Stage Stores is preparing for a financial restructuring that could include a bankruptcy filing, according to The Wall Street Journal.
Nordstrom’s Paige Thomas To Run Saks Off 5th
HBC appointed Paige Thomas as president of Saks Off 5TH, effective immediately. Thomas most recently served as executive vice president, general merchandise manager, full-price – men’s and kids at Nordstrom Inc.
Kohl’s Eliminates 250 Corporate Positions
Kohl’s Corp. is eliminating 250 corporate positions and making executive changes as part of a restructuring.
Vibram, Pensole Sign Multiyear Partnership
Vibram has signed a multi-year partnership agreement with Pensole Academy, which starts this year.
OBIT: John McArthur, Founder, Johnny Mac’s
John McArthur, who founded St. Louis-based Johnny Mac’s in 1967, has passed away at the age of 92.
NSSF Files To Intervene In Federal Lawsuit
The National Shooting Sports Foundation (NSSF), the trade association for the firearms and ammunition industry, and a small Washington state business filed a motion in the U.S. District Court, Western District of Washington in Seattle, to intervene in a lawsuit filed by 23 state attorneys general to block two recently announced rules by the Trump administration.
HanesBrands Recognized For CSR Work In Latin America
HanesBrands has earned two of the most prestigious awards in Central America and the Caribbean for best practices in corporate social responsibility.
NYC Bike Expo 2020 To Be In Mid-May
From May 15 to 17, 2020, NYC Bike Expo returns for its 10th annual edition.
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