Boosted by strong traffic, TJX Cos. reported third-quarter results handily beat expectations, prompting the off-pricer to raise guidance for the year. TJX officials also indicated they’ve been able to mitigate tariff-hits so far with vendors bringing in product earlier but remained highly uncertain about the impact for 2020.
Author: SGB Media
Kohl’s Shares Nosedive On Guidance Reduction
Shares of Kohl’s Corp. plummeted $11.38, or 20 percent, to $47.02 at market close Tuesday after the Menomonee Falls, WI-based retailer earlier in the day reported a 28 percent dip in earnings and subsequently reduced its earnings outlook for the remainder of 2019.
Macy’s Reports Data Breach
Macy’s Inc. on Tuesday said customer data may have been stolen from its website over a roughly one-week period in October.
Ron Jon Surf Shop Opens Location At Disney Springs
Ron Jon Surf Shop opened a 10,000-square-foot store at the Town Center at Disney Springs at Walt Disney World Resort. The location marks Ron Jon Surf Shop‘s 12th location in the U.S.
Channel Signal Report Reveals Common Issues Driving Runners’ Purchases
Channel Signal’s Runner-to-Runner Report reveals the top issues facing buyers of running footwear included shoelaces, out-of-the-box comfort and the ability to add a custom orthotic.
OIA Finds $2.6B Outdoor Industry Impact From Tariffs
The outdoor industry has been hit hard by a tax “avalanche” as new tariff data from Outdoor Industry Association (OIA) indicates that American outdoor businesses have paid an additional $2.6 billion in punitive tariffs over last year, as the trade war with China rages on with no definitive end in sight.
Winter4Kids To Host First NorAm Parallel Slalom Event In The U.S.
Winter4Kids at the National Winter Activity Center, the nation’s first and only fully dedicated youth winter sports facility, announced a partnership with U.S. Ski & Snowboard and the International Federation of Skiing (FIS) to host the first-ever NorAm Cup parallel event in the U.S.
New Balance Signs Dejounte Murray
New Balance has signed San Antonio Spurs guard Dejounte Murray to an endorsement deal with New Balance. Murray joins Kawhi Leonard of the Los Angeles Clippers and Oklahoma City Thunder rookie Darius Bazley.
Mirror Announces Expansion Of Retail Fleet
Mirror, which makes a reflective LCD display for following workouts at home, announced an expansion of its retail store fleet. Mirror will be adding locations at Westfield Century City in Los Angeles and Stanford Shopping Center in Stanford, CA to its existing location in the Flatiron District in New York City.
Athlete-Empowered CBD Brand, Mendi, Secures Seed Funding
Mendi, a women-owned sports recovery brand, closed its first round of financing, securing $800,000 from a varied network of investors including Oregon Sports Angels, professional athletes and sports medicine practitioners.
Honey Stinger Names Mike Keown New CEO
Honey Stinger, the sports nutrition brand featuring honey, has appointed Mike Keown, a longtime veteran of the consumer packaged goods industry, as its new CEO.
Lacrosse Unlimited Partners With Staple Pigeon
Lacrosse Unlimited, which operates 43 stores across twelve states, has collaborated with New York City-based streetwear brand Staple Pigeon on a limited-edition collection.
Adidas And The Woolmark Company Announce 2019 Woolmark Performance Challenge Winners
Hyokyoung Lee from Institut Français de la Mode, France and Hope Kemp-Hanson from Savannah College of Art and Design, USA were announced the winners of the 2019 Adidas x Woolmark Performance Challenge, presented at a special event in Munich, Germany.
TJX Lifts Guidance On Q3 Beat
The TJX Companies Inc. raised its guidance for the year as both sales and earnings per share exceeded expectations in the third quarter. The report also shows that the store count for Sierra Trading has grown to 46 from 39 a year ago.
Kohl’s Cuts Annual Profit Guidance On Q3 Shortfall
Kohl’s Inc. reduced its earnings outlook for the year after reporting third-quarter earnings slumped 28 percent and came in below Wall Street’s targets. Same-store sales inched up 0.4 percent in the period.
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