Target Corp. raised its earnings guidance for the year after reporting EPS from continuing operations reached $1.37 in the third quarter 2019, up 18.2 percent from $1.16 in third quarter 2018. Comparable sales growth was 4.5 percent and the discounter saw a 3.1 percent increase in comparable traffic. Comparable digital sales grew 31 percent, contributing 1.7 percentage points to total comparable sales growth.
Author: SGB Media
Urban Outfitters Q3 Profits Fall
Urban Outfitters Inc. reported earnings slumped 28.2 percent in the third quarter to $55.7 million, or 56 cents, missing Wall Street’s consensus estimate by a penny.
GameWorks Partners To Fuel Adoption Of Esports Across U.S. High Schools
GameWorks, Inc., an esports and entertainment company with seven locations nationwide, forged a partnership with the High School Esports League (HSEL) — a varsity esports organization with over 60,000 participating students across more than 2,100 schools — to help fuel the adoption of esports throughout high schools nationwide.
Adidas Launches Retail AR Experience With Eyecandylab
Eyecandylab , which specializes in creating interactive video-triggered augmented reality experiences, has developed a concept with Adidas that brings storytelling and immersive experience within a physical store to a new level. The project raises awareness of Adidas’ sustainably manufactured products made from recycled ocean plastic.
RECALL: ISO7X Isometric Exercise Devices
About 1,500 ISO7X Isometric Exercise Devices sold at Burlington Stores are being recalled. According to a statement from the CPSC, the handle grips on each end can break during use and cause parts to be forcefully ejected from the shaft.
Electric Lands Volcom License For Eyewear And Goggles
Authentic Brands Group (ABG) and Electric Visual Evolution, LLC, a distributor of quality eyewear and snow goggles, announced a global partnership for Volcom. Through the agreement, Electric will design, develop, produce and distribute eyewear and snow goggles for the lifestyle brand.
TJX Cos. Q3 Exceeds Plan On Healthy Traffic, Tariff Mitigation Efforts
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.
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.
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