Gap Inc. on Thursday announced that, following the completion of the planned spin-off of Old Navy, the new public company, currently referred to as NewCo, will retain the Gap Inc. name.
Author: SGB Media
Designer Brands Tops Q2 Earnings Estimates On Comp Sales Dip
Footwear retailer and manufacturer Designer Brands Inc. (formerly DSW Inc.) on Thursday reported earnings per share for the second quarter ended August 3 of 37 cents per diluted share, including net charges of 11 per diluted share from adjusted items. Adjusted EPS of 48 cents beat estimates by 1 cent.
Over 200 Footwear Companies Push President Trump To Cancel New Taxes On Shoes
Over 200 American footwear companies came together and sent a compelling letter to President Trump on Wednesday asking that he cancel his proposed higher taxes on American shoe customers set to take effect on Sunday. The letter was signed by both small and independent shoe stores and larger footwear brands and retailers.
Rack Room Appoints VP Global Supply Chain North America
Rack Room Shoes has promoted Peter Hohensee to vice president global supply chain North America and has hired retail industry veteran, Donna Mull as CRM director of omni channel to lead the brand’s loyalty program.
Peloton Pedals On Toward IPO As Losses Mount
Peloton, the exercise bike maker and interactive fitness provider, on Tuesday filed an S-1 statement with the Securities and Exchange Commission, officially announcing that it plans to raise $500 million in an initial public offering amid significant losses but impressive revenue growth. SGB digs into the IPO’s important facts and figures.
PVH Lowers Outlook
PVH Corp. reported second-quarter revenue increased 1 percent (increased 3 percent on a constant currency basis) compared to the prior-year period and exceeded guidance. The company lowered its full year 2019 EPS outlook to reflect a more conservative view in part due to trade war tensions.
Shoe Carnival Earnings Grow Slightly Amid Back-To-School Momentum
Shoe Carnival Inc. on Wednesday reported comparable store sales for the second quarter increased 1.4 percent while earnings per diluted share increased 5.3 percent to 80 cents, beating Wall Street’s estimates by 2 cents.
Tilly’s Q2 Comps Inch Up 0.6 Percent
Tilly’s Inc. reported earnings were down slightly but handily topped guidance after sales recovered in June and July after a sluggish May.
National Wheelchair Basketball Association Appoints Molten Official Basketball Supplier
The National Wheelchair Basketball Association (NWBA) of the USA and sports manufacturer Molten announced a new partnership.
Sportsman’s Warehouse Raises Full-Year Comp Sales Guidance
Sportsman’s Warehouse Holdings Inc. on Wednesday raised its full-year comparable sales growth range to flat to 2 percent, up from -1 percent to 1 percent, after reporting a strong quarter that saw the company beat revenue and earnings estimates.
True Hockey Partners With USA Hockey
USA Hockey announced a multi-year partnership with True Hockey, a leading manufacturer of hockey equipment.
Under Armour Partners With Eastern New Mexico University
Under Armour signed Eastern New Mexico University (ENMU) to a four-year sponsorship deal.
Kitsbow Moving Manufacturing Facility to Asheville, NC
Kitsbow, maker of cycling clothing and accessories, is relocating its manufacturing to a new facility near Asheville, NC, that will open before the end of 2019. The company plans to earn 95 percent of its revenue from products made onshore by 2021.
RYU Apparel Sees 31 Percent Q2 Revenue Increase
RYU Apparel Inc. reported revenue in the second quarter of 2019 was Canadian $1.5 million, 31 percent higher than the same period in 2018.
Apparel Manufacturer Tegra Expands Domestic And International Facilities
Tegra, an apparel manufacturing and supply chain provider, announced Wednesday its next phase of capacity and capability expansion in the Western Hemisphere with recently completed projects in the U.S. and Central America.
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