SGB Media | Page 1342 | SGB Media Online

Modell’s To Test Smaller Stores

May 22, 2019 SGB Update

Modell’s Sporting Goods plan is to open 10 locations spanning 5,000 and 8,000 square feet across New York City, according to The Real Deal.

VF Corp. Disappoints On Outlook

May 22, 2019 SGB Update

VF Corp. reported earnings and sales in the fourth quarter came in ahead of Wall Street’s consensus estimates but provided 2020 guidance that was lower than targets. By segment, revenue for Outdoor is expected to increase approximately 4 percent to 5 percent, or 5 percent to 6 percent on a constant dollar basis, and revenue for Active is expected to increase approximately 6 percent to 7 percent, or 9 percent to 10 percent on a constant dollar basis.

Kappa Signs Aston Villa

May 22, 2019 SGB Update

Kappa, the Italian sportswear brand, in a partnership with Fanatics signed a three-year deal to become the kit supplier to English second-tier soccer club Aston Villa.

Blackyak Expands U.S. Sales Team

May 21, 2019 SGB Update

Technical apparel brand Blackyak has recruited industry veteran Jim Angeles for North American sales representation in the Rocky Mountains.

Nordstrom Trims Full-Year Forecast On Weak First-Quarter Start

May 21, 2019 SGB Update

Nordstrom Inc. reported first-quarter earnings fell well short of Wall Street’s targets as execution issues associated with the launch of its enhanced loyalty program was partly to blame for a sales shortfall. It now expects 2019 net sales between a 2 decline to flat growth, compared with its previous projection of 1 percent to 2 percent rise.

Rocky Brands Declares Increase In Quarterly Dividend

May 21, 2019 SGB Update

Rocky Brands Inc. announced that its board of directors has approved a two cents increase, or a 16.7 percent increase, of its quarterly dividend to 14 cents per share of outstanding common stock,

Can Amazon Help Kohl’s Get Back On Track?

May 21, 2019 SGB Executive

Kohl’s registered a disappointing first quarter, to say the least, with a high-double-digit net income drop, slight revenue dip and EPS miss. On Tuesday’s earnings call, CEO Michelle Gass told analysts, “We have adjustments underway to get us back on track.” One of those is an expanded return program with Amazon. Will it be enough?

PVH Corp. Names Stefan Larsson To Newly Created Role Of President

May 21, 2019 SGB Update

PVH Corp. announced leadership updates, including Chairman and CEO Manny Chirico signing a new five-year employment agreement and hiring Stefan Larsson as PVH President, a newly created role.

OBIT: Outdoor PR Rep & Renowned Skier Sam Coffey

May 21, 2019 SGB Update

Sam Coffey, an independent public relations and marketing rep who once worked for outdoor industry agencies Backbone Media and Rygr, died Monday in Mexico, according to The Aspen Times, who confirmed the news from Coffey’s friend, Olympic ski racer Wiley Maple. Coffey was 29.

TJX’s Q1 Exceeds Plan, Outlook Lifted

May 21, 2019 SGB Update

The TJX Companies Inc. reported first-quarter earnings that beat expectations and raised its outlook.

Adidas Partners With Seattle University

May 21, 2019 SGB Update

Seattle University and Adidas have entered a seven-year partnership in which the Portland, OR-based company will become the official athletic footwear, apparel and accessory brand of the Redhawks, effective July 1.

Kohl’s Cuts Outlook After Quarterly Miss

May 21, 2019 SGB Update

Kohl’s reduced its annual outlook after reporting first-quarter results came in below analysts’ estimates. Michelle Gass, Kohl’s chief executive officer, said in a statement, “The year has started off slower than we’d like, with our first quarter sales coming in below our expectation.”