Firing on all cylinders, Lululemon Athletica reported a blow-out fourth quarter marked by a 17 percent comp gain while predicting comps would surge in the low-double digits for the current year. Growth is expected to be driven by stepped-up store openings and category expansions as well as by further building on the recent momentum seen in digital, international and men’s.
Author: SGB Media
Iconix Closes Book On ‘Challenging, Transitional Year’
After enduring the loss of some licensing agreements, the departure of some executives and the bankruptcy of a key customer, Iconix Brand Group, parent of Starter and Umbro, is happy to put last year behind it, according to CEO Bob Galvin, who called 2018 “challenging and transitional.”
Tommy Hilfiger Powers PVH Corp. To Q4 Beat
PVH Corp. reported a fourth-quarter revenue and earnings beat behind an “outstanding” quarter from Tommy Hilfiger and a “healthy” quarter from Calvin Klein, according to Emanuel Chirico, chairman and CEO.
Lululemon’s Q4 Profits Soar
Lululemon Athletica Inc. reported earnings on an adjusted basis in the fourth quarter rose 35.8 percent, easily topping Wall Street’s target, as comps vaulted 17 percent on a currency-neutral basis. For the year, the retailer said it achieved several of its 2020 goals ahead of schedule.
REI Co-op To Open New Store Along Chicago River
REI Co-op will open its new location along the banks of the Chicago River on April 5. REI Lincoln Park was previously located at 1446 North Halsted Street, but has moved to a new 40,000 square-foot space on West Eastman Street.
Golf Rounds Played Drops In February
According to Golf Datatech, golf rounds played in the U.S. were down 12.1 percent in February.
Technogym’s Profits Soar In 2018
Technogym’s revenues climbed 53 percent to €93 million in 2018. Revenues reached €634 million, up 8 percent on a reported basis and 10 percent at constant exchange rates.
Esports Stadium Arlington Partners With N3rd Street Gamers
Philadelphia, PA-based N3rd Street Gamers (NSG), an amateur esports network, on Wednesday announced a strategic partnership with Esports Stadium Arlington (ESA), North America’s largest dedicated esports stadium.
MiiR Names Dan Dahl President Of Global Sales
Seattle, WA-based drinkware maker MiiR, a Product to Project company, has named Dan Dahl as president of global sales.
OrderMyGear Appoints Wade Williams As Chief Technology Officer
OrderMyGear, the sporting goods and custom apparel platform, on Wednesday announced the appointment of Wade Williams, former CTO of Paylease, to the position of chief technology officer.
Dick’s Taking Software In-House
Dick’s Sporting Goods is seeking to move all its software in-house as opposed to relying on third-party vendors, in an attempt to particularly help its online push, according to a report in the Wall Street Journal.
Sears Bankruptcy Takes Toll On Iconix Brand As Q4 Revenue Plummets
Iconix Brand Group Inc. on Wednesday reported revenue for the fourth quarter of $42.7 million, down 18 percent from the year-ago period and negatively impacted, in part, by the Sears bankruptcy. The company, whose brands include Starter and Umbro, also reported a Q4 operating loss of $52.1 million, as compared to an operating loss of $18.3 million in Q4 2017.
Shoe Carnival Sees Data-Mining Efforts Start To Pay Off In Q4
Shares of Shoe Carnival leapt 22.4 percent Wednesday after the footwear retailer reported fourth-quarter results that handily topped Wall Street’s expectations. While boot sales drove the gains, new data-aggregating capabilities are helping enhance merchandising, marketing and real estate decisions.
Banana Republic Taps Jared Goff As Ambassador
Banana Republic announced a new partnership with professional quarterback Jared Goff, a two-time NFL Pro Bowl selection and the fastest number one overall draft pick in the history of the league to advance to the Super Bowl.
Lululemon Signs Nick Foles As Ambassador
Lululemon has signed Nick Foles, the MVP of Super Bowl LII in February 2018 after leading the Philadelphia Eagles to a NFL championship, as its first major league sports ambassador to supports its men’s line.
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