Urban Outfitters, Inc. reported total company net sales for the three months ended July 31, 2019, decreased 3.0 percent over the same period last year to $962 million. By brand, comparable Retail segment net sales increased 6 percent at Free People and decreased 3 percent at the Anthropologie Group and 5 percent at Urban Outfitters.
Author: SGB Media
Bass Pro To Open Third Store In West Virginia
Bass Pro Shops announced plans to open a new location at WestRidge Crossing, a new mixed-use development in Morgantown, WV. The opening marks Bass Pro’s first new-store announcement since closing on the acquisition of Cabela’s in September 2017.
NRI Distribution Appoints New Head Of Business Development
NRI Distribution Inc., the third-party logistics provider, appointed Brian White, former vice president of sales for Nixon, Inc., to lead business development. Additionally, Ryan Dale-Johnson, former director of accounts for NRI, was promoted to director of business services in the Los Angeles office.
Active-Lifestyle Well Represented On 2019 Inc. 5000 List
Hyperice, Bombas, Klymit, PXG Golf, OrderMyGear, Blink Fitness and Sportique were among a number of companies in the active-lifestyle space landing on the 2019 Inc. 5000, the magazine’s annual ranking of the fastest-growing private companies in America.
Gymguyz Recruits Appoints Chief Growth Officer
Gymguyz LLC, the in-home mobile personal training and fitness franchise concept, hired business development veteran Ed Ruane as its new chief growth officer.
NSGA Appoints Comptroller
The National Sporting Goods Association (NSGA) announced the hiring of Jennifer Shaffer as comptroller. Chief Financial Officer Dan Wiersma retired from NSGA on August 1.
Looming Tariffs Force Kohl’s To Reduce Full-Year Margin Outlook
Kohl’s Corp. rode a strong back-to-school performance and an advantageous partnership with Amazon to a second-quarter earnings and revenue beat. But costly promotions tempered the quarter while looming tariff increases sparked Kohl’s to lower profit margin expectations for the year.
TJX Sees Opportunistic Buys’ Boost From Tariffs
The TJX Companies Inc.’s second-quarter earnings were in line with Street expectations as same-store sales limped ahead 2 percent. But the off-pricer said its core apparel category remains strong and a “loaded” marketplace of opportunistic buys, driven in part by the tariff situation, is expected to support second-half growth.
Soccerloco Becomes Official Supplier To 619Futsal
The 619Futsal organization, including the 619Futsal Academy, announced that Soccerloco, a leading soccer retailer in the western region, will become the official apparel and equipment supplier to the club for the next three years.
STX Adds Women’s Lacrosse Athletes As Ambassadors
STX revealed its new roster of women’s lacrosse athletes who will represent the brand, support product development and work in partnership with the brand to continue growing the women’s sport worldwide Among the new elite players on the roster are Dempsey Arsenault, Kenzie Kent and Lindsey Ronbeck.
Nike Secures Licensing Agreement For NYC Logos
Nike has been granted a two-year licensing agreement allowing the company to use iconic New York City’s logos on its merchandise.
Summer Lodging Tracking Nicely In Southeast, Winter Patterns Showing Downshift
Participating lodging properties across the Southeast region are now assured of a positive summer performance for both occupancy and revenues — with only one month remaining for the summer season, according to Inntopia. Bookings made in July for arrivals in the months of July through December, however, are down 11 percent.
New Wave Group Sees Double-Digit Gains In Q2
New Wave Group AB, the Sweedish-based owner of Ahead, Auclair, Craft and Cutter & Buck, reported sales rose 11 percent in the second quarter and gained 6 percent on a currency-neutral basis. New Wave’s Sports & Leisure segment sales in the quarter grew 17.5 percent.
Joseph Pepe, Sr. And Matthew Pepe Invest In Icryo Cryotherapy
Icryo Cryotherapy, a leading cryotherapy franchise in the U.S., announced that Joseph Pepe, Sr. and Matthew Pepe will be joining the company as equity partners. Joseph Pepe, Sr. is well known for being the one of the first Planet Fitness franchise owners.
TJX’s Q2 Earnings Expand 7 Percent
TJX Cos. reported earnings rose 7 percent in the second quarter as same-store sales grew 2 percent.
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