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Author: SGB Media

Urban Outfitters Reports Solid Q2 Results Despite Decline at Namesake Brand Stores

August 22, 2024 SGB Update

Comparable Retail segment net sales increased 7.1 percent at Free People and 6.7 percent at Anthropologie and decreased 9.3 percent at Urban Outfitters. Nuuly segment net sales increased by 62.6 percent.

First Topgolf in Iowa to Open in Des Moines

August 22, 2024 SGB Update

The two-level venue will open on September 6. It sits within the West Des Moines city limits.

Unifi, Inc. Narrows Fiscal Q4 Loss on Americas and Brazil Segment Share Gains

August 22, 2024 SGB Update

The company reported that subsequent to quarter-end, the company reported that it launched two new innovative Repreve Fiber products that will help support future growth.

Deuter Taps Michael Duffy as NSM; Makes Other Key Management Moves

August 22, 2024 SGB Update

In addition to Duffy’s hire, Scott Park has transitioned from sales leadership to a new role as product line manager, and Amy Parulis was promoted to marketing and communications manager.

Langdon Tactical Appoints Aimee Langdon as New President

August 22, 2024 SGB Update

With almost 20 years of experience in sales, communications and business development within the shooting and robotics space, Aimee Langdon has reportedly brought a unique vision to the LTT brand.

BJ’s Wholesale Club Profits Expand in Q2 as Comps Increase 3.1 Percent

August 22, 2024 SGB Update

Excluding the impact of gas, comparable club sales increased by 2.4 percent in the second quarter compared to the fiscal 2023 Q2 period.

EXEC: Hibbett’s New Parent Saw North America Outpace UK and Europe in Q2

August 22, 2024 SGB Executive

Second-quarter comparable store sales were reported to be strongest in North America, with 5.7 percent comp sales growth year-over-year. The region also led in organic sales growth.

EXEC: Wilson Sports Returns to Growth in Q2, but Sees Bigger Gains Ahead

August 21, 2024 SGB Executive

The CEO of parent company Amer Sports said Wilson tennis and Wilson China had a big moment recently during the Summer Olympics when Qinwen Zheng won Gold playing with her Wilson racquet.

Eurobike Names Martina Rumschick Head of Brand & Content

August 21, 2024 SGB Update

Since founding Fairnamic in 2021, Martina Rumschick has supervised Eurobike as a project manager, starting with the inaugural event in Frankfurt and has played a significant role in shaping its development.

Aeroe Taps Coast 2 Coast Distribution for U.S. Distribution

August 21, 2024 SGB Update

The New Zealand-based brand said it is growing quickly in North America, and the appointment of the California-based Coast 2 Coast team allows the company to “supercharge” its efforts.

Target Corp. Ups Full Year EPS Guide After Retailer Returns to Growth in Q2

August 21, 2024 SGB Update

Based on strong profit performance in the front half of the year, the company said it now expects full-year GAAP and Adjusted EPS of $9.00 to $9.70 per share, up from the prior range of $8.60 to $9.60 per share.

Foot Locker to Re-Open 34th Street Store in NYC with New Concept

August 21, 2024 SGB Update

The Foot Locker ‘Home Court’ concept was developed in partnership with Nike and Jordan Brand and also features brand partners, including Adidas, Puma, New Balance, Under Armour, and more.

TJ Maxx Parent Adds Four Doors to Sierra Count, Invests in GCC Retail Brand

August 21, 2024 SGB Update

TJX is taking a 35 percent stake in Brands for Less, which is currently located in the Gulf Cooperation Council (GCC) area. Based in Dubai, it is the region’s only major off-price branded apparel, toys, and home fashions retailer.

Grassroots Elects New Board Officers, Adds Board Members

August 21, 2024 SGB Update

Grassroots Outdoor Alliance, the national organization of independent outdoor specialty retailers, recently elected new officers and welcomed three new board members.

Macy’s, Inc. Swings to Q2 Profit But Lowers Guidance on Consumer Caution

August 21, 2024 SGB Update

Macy’s, Inc. reported it updated its annual outlook to reflect a more discriminating consumer and heightened promotional environment relative to its prior expectations.

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