Genesco Inc. lifted its full-year outlook after reporting a surprise profit in the second quarter. Same-store sales also came out ahead of expectations, led by a 4 percent gain by Journeys Group. Bob Dennis, CEO, said, “We delivered second quarter consolidated results that exceeded expectations across the board.”
Author: SGB Media
Clarus’ John Walbrecht Talks ‘Superfan’ Brands With Investors
Clarus Corp. President John Walbrecht took his message about the company’s “superfan” brand strategy on the road this week when he presented at the 2019 Gateway Conference in San Francisco. Here’s what he shared about Clarus’ unwavering vision for its portfolio.
Hanesbrands Sees Champion’s Growth Just Getting Started
At Goldman Sachs’ annual retail conference, Gerald Evans, CEO of Hanesbrands, described Champion as a “bit late to the party” as far as participating in the activewear boom over the last decade but is positioned for solid growth in the years ahead.
Bell’s Sporting Goods To Close After 73 Years
Bell’s Sporting Goods in Lafayette, LA is closing after 73 years in operation.
Vans Launches Shoe Customization Contest
Vans announced the launch of Global Custom Culture, an interactive shoe customization contest. The competition will award three winners from North America, Asia Pacific and Europe a $25,000 grand prize and have their shoes produced and sold by Vans.
Timberland Commits To Plant 50 Million Trees Over Next Five Years
Timberland announced a new commitment to plant 50 million trees around the world by 2025 as part of its pursuit of a greener future
Lululemon Rides Broad-Based Growth To Q2 Beat
Lululemon Athletica Inc. on Thursday announced earnings per share for the second quarter ended August 4 of 96 cents, beating analysts’ expectations by 7 cents. Revenue of $883.4 million marked a 22 percent bump from the same period a year ago and beat Wall Street’s estimates by $38.3 million.
Zumiez Blasts Past Q2 Guidance
Zumiez Inc. reported second-quarter earnings doubled and came in well above guidance. Comps rose a better-than-expected 3.6 percent in the quarter and ran up 7.1 percent in August.
G-III Apparel Tariff Hit Less Than Expected
G-III Apparel Group Ltd. lowered its full-year guidance due to the impact of new tariffs but shares rose strongly as the tariff charge was less than feared.
Apex Global Brands Announces Continued Global Expansion Of Hi-Tec
Apex Global Brands on Thursday announced the continued expansion of Hi-Tec, a leading outdoor crossover footwear, apparel and accessory brand. Through new licensing and distribution partners, Apex will expand its assortment of Hi-Tec products to consumers across North America, Europe and Asia starting this fall.
Outdoor Retailer Innovation Awards Shift To Outdoor + Snow Show
The second annual Outdoor Retailer Innovation Awards will now take place during Outdoor + Snow Show in January, recognizing achievements in outdoor products, materials and retail services. Winners will be unveiled during a live ceremony on the second night of Outdoor + Snow Show, Thursday, January 30, 2020, in Denver.
The Buckle Reports August 2019 Net Sales
The Buckle Inc. on Thursday announced that comparable store net sales, for stores open at least one year, for the four-week period ended August 31 increased 3.1 percent from comparable store net sales for the 4-week period ended September 1, 2018.
Rocky Brands Appoints Tracie A. Winbigler To Board Of Directors
Rocky Brands Inc. on Thursday announced the appointment of Tracie A. Winbigler to the company’s board of directors as a Class I director to serve until the 2020 annual meeting of shareholders and until her successor is duly elected.
Nordstrom Local Expands Into New York City
Nordstrom Inc. on Thursday announced it will continue to expand in New York City by adding two more service hubs— Nordstrom Local Upper East Side and Nordstrom Local West Village.
Duluth Holdings Announces Grand Opening Of 56th Store
Duluth Holdings Inc. (dba, Duluth Trading Co.) on Thursday announced the grand opening of its 56th store in Round Rock, TX.
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