Retail sales in January increased 0.2 percent seasonally adjusted over December and were up 2.7 percent unadjusted year-over-year, the National Retail Federation said Friday.
Author: SGB Media
Gogglesoc Modernizes Their Wholesale Approach With Envoy B2B
Googlesoc, the maker of stretch goggle covers made from recycled plastic bottles for skiers and snowboarders, has joined Envoy B2b as a new client.
Newell Brands Sees Q4 Decline In Home & Outdoor Living Segment
Newell Brands reported its Home & Outdoor Living segment generated net sales of $768 million in the fourth quarter compared with $809 million in the prior year period, reflecting a core sales decline of 2.8 percent, the impact of unfavorable foreign exchange and the exit of 75 underperforming Yankee Candle retail stores during 2019.
Asics’ Q4 Sales In North America Show Modest Decline
Asics Corp.’s sales in the North American region in the fourth quarter slid 5.5 percent to ¥18.8 billion ($171 mm) from ¥19.9 billion a year ago. The operating loss in the region was reduced to ¥2.12 billion ($19 mm) from ¥2.95 billion.
Moody’s Downgrades Under Armour’s Debt Rating
Moody’s Investors Service downgraded Under Armour Inc.’s senior unsecured rating to Ba1 from Baa3. The rating was also placed under review for further downgrade. The downgrade reflects the brand’s ongoing challenges reinvigorating growth in its core North American market and its potential 2020 restructuring plan.
Vuori Hires Senior Director Of Retail
Vuori, a performance apparel brand based in Encinitas, CA., hired Catherine Pike as senior director of retail. Pike most recently served as the executive vice president of franchise operations for FIT4MOM and formerly headed the southwest territory for Lululemon.
Puma Signs Grammy-Winning Artist J. Cole For Footwear And Apparel Deal
Puma signed a multi-year footwear and apparel deal with Grammy-winning artist J. Cole.
Unifi Announces Recipients Of Third Annual Repreve Champions Of Sustainability Awards
Unifi Inc. announced recipients of the third annual Champions of Sustainability awards, recognizing companies driving sustainability.
Fitness Holdings Northeast Acquires Crunch Harrisburg
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Cancellations, Consolidations Drag Down Emerald’s 2019
Emerald Expositions Events Inc. on Thursday announced revenue declines of 21.2 percent for the fourth quarter and 5.2 percent for the full year of 2019 driven by event cancellations, including Surf Expo, and event consolidations, including wrapping Outdoor Retailer Winter Market into the recent Snow Show.
Rapha Relocating To Bentonville, Arkansas
Rapha, the cycling apparel brand, is relocating its North American operations from Portland, OR to Bentonville, AR on March 1.
ABG-Owned Nautica Partners With Versa Group On Distribution
Authentic Brands Group, a global brand development, marketing and entertainment company, on Thursday announced a production and distribution partnership with men’s dress shirt purveyor, Versa Group for the Nautica brand.
Designer Brands Partners With Jennifer Lopez
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.
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.
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