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.
Author: SGB Media
Rocky Brands Declares Increase In Quarterly Dividend
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?
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
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
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
The TJX Companies Inc. reported first-quarter earnings that beat expectations and raised its outlook.
Adidas Partners With Seattle University
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
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.”
JCPenney Appoints Chief Customer Officer
J. C. Penney Company Inc. announced that Shawn Gensch has been named executive vice president, chief customer officer, Gensch joins JCPenney from Sprouts Farmers Market.
JC Penney’s Q1 Loss Steepens
JCPenney Company Inc. widened its loss in the first quarter to $154 million, or 48 cents per share, from a loss of $78 million, or 25 cents, last year. Comparable sales decreased 5.5 percent for the first quarter.
Quality Bicycle Products Partners With Briko USA
Briko USA announced a partnership with Quality Bicycle Products (QBP) that will see Briko road helmets distributed to North American bicycle retailers.
Spain To Exit Adidas Contract
The Spanish soccer federation said it is breaking its contract with Adidas and has opened negotiations with other apparel companies. Adidas has sponsored Spain since 1991.
Baseball Bat Sales Soar In 2018 After Key Rule Change
A baseball bat rule change that USA Baseball issued in 2015 and which organizations such as Little League International adopted in January of last year helped manufacturers’ sales of bats surge 18.9 percent in 2018, according to recent wholesale data compiled by the Sports & Fitness Industry Association. The SFIA 2019 Manufacturers’ Sales Report showed that the overall sports and fitness products industry grew 2.3 percent in 2018 to $92.3 billion.
REI Co-op To Open New Store In Utah In Fall 2019
REI Co-op will open a new store in Farmington, UT, this fall. The new 23,000-square-foot store will be located at the Station Park shopping center, just off Interstate 15 between Salt Lake City and Ogden.
Specialized Bicycle Announces U.S. Leadership Changes
Specialized Bicycle Components revealed several promotions at its U.S. team following news that Jeff McGuane, its general manager, had joined Fox Racing as CEO.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal