Athleta saw an “acceleration” in growth in the second quarter and remains committed to opening 25 stores this year, Art Peck, president and CEO of Gap Inc., said on his company’s conference call with analysts.
Author: SGB Media
Hibbett Sports Posts Q2 Loss On Charges
Hibbett Sports Inc. reported a loss in the second quarter although it came in slightly better than Wall Street’s targets. Comps increased 0.3 percent.
Foot Locker’s Q2 Comps Reach Low End Of Expectations
Foot Locker, Inc. reported adjusted earnings fell 18.2 percent in the second quarter ended August 3, coming in just below Wall Street’s targets. Same-store sales inched up 0.8 percent, below the retailer’s guidance. The outlook for the year was maintained.
Ross Stores’ Q2 Comps Increase 3 percent
Ross Stores Inc. reported earnings per share for the second quarter ended August 3, 2019 of $1.14, up from $1.04 last year. Net earnings grew to $413 million, compared to $389 million in the prior year. Sales rose 6 percent to $4.0 billion, with comparable-store sales up 3 percent on top of last year’s strongest quarterly comparison of 5 percent.
Champion And PepWear Team Up On High School State Championships
Champion has become the Premium Brand Partner for PepWear. Throughout the multi-year partnership, PepWear will include Champion Teamwear’s premium and on-trend apparel in its lineup of event merchandise to be sold at state championship events,
Dick’s Q2 Boosted By Inventory Investments
Dick’s Sporting Goods Inc. raised its full-year outlook while reporting its strongest quarterly comp gain since 2016. The performance was in large part tied to a 19.0 percent hike in inventory levels. Dick’s officials indicated other newer strategies – including increasing space to faster-growing categories, forming closer partnerships with key vendors and differentiated marketing – are also starting to pay off.
Department Stores Turn To Used Clothing For Lifeline
A new business model that has at least two major department stores turning to old product for a much-needed revenue boost dominated second-quarter headlines among the retail giants. SGB’s Q2 department store roundup includes a look at the trend of online reselling, which gives price-conscious shoppers access to designer brands—and gives stores a boost to their top lines.
Zwift Appoints Mike McCarthy To Spearhead Running Expansion
Zwift, the global online training and racing platform for athletes today announces the appointment of Mike McCarthy as VP of running at Zwift.
Nordstrom Names Teri Bariquit As Chief Merchandising Officer
Nordstrom Inc. on Thursday announced Teri Bariquit as chief merchandising officer. In this newly created role, Bariquit will serve as a member of the company’s executive team, leading the full-price and off-price merchandising areas.
REI Co-Op Appoints VP Of Marketing, VP Of Customer & Brand Shared Services
REI Co-op on Thursday announced the appointment of two new leaders: Vivienne Long as vice president of marketing and Pardis Ghorbani as vice president of customer and brand shared services.
Apex Global Brands Expands Tony Hawk Brand With Several New Licensing Partnerships
Apex Global Brands (formerly Cherokee Global Brands) on Thursday announced the expansion of the Tony Hawk brand through the addition of several new licensing agreements.
REI Co-Op To Open Store In Tampa, FL, In 2021
REI Co-op will open a new store in Tampa, FL, in spring 2021. The new 22,500-square-foot store will be located at Midtown Tampa, an entirely new district that will connect the city’s Westshore and Downtown neighborhoods in early 2021.
Champion Opens Store In Las Vegas
Champion Athleticwear is further expanding its retail presence with its first store in Las Vegas and its sixth U.S. retail specialty store overall, complementing other locations in New York, Los Angeles, Philadelphia, Boston and Chicago.
Stage Stores Reports 1.8 Percent Q2 Comparable Sales Increase
Stage Stores, Inc. reported that for the second quarter, comparable sales increased 1.8 percent. Net loss was $23.9 million, and adjusted EBITDA was a loss of $0.1 million.
Fanatics Partners With The University of Miami
Fanatics Inc. and the University of Miami announced an innovative, 10-year, exclusive licensing partnership, which beginning in January 2020 will see Fanatics become the University’s primary apparel, headwear and hard goods partner. Miami joins several other NCAA partners for which Fanatics is the primary apparel partner.
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