Nordstrom reported earnings before interest and taxes (EBIT) slid 4.9 percent in the fourth quarter due to soft sales at its full-price stores that led to markdown pressures.
Author: SGB Media
Gap To Spin Off Old Navy
Gap Inc. announced plans to create two independent publicly traded companies: Old Navy and a yet-to-be-named company which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City.
Collaboration … L.L.Bean x Flowfold Bean Boots
First Co-branded L.L.Bean Boot In The Company’s 107-year History. L.L.Bean has carried Flowfold products online and in retail stores since 2016, and in 2018 the companies announced their first collaboration with a collection of backpacks, totes, and gear bags designed in partnership and sold exclusively at L.L.Bean. The new Bean Boots are still ultralight with […]
Rack Room Shoes Appoints New Director Of Merchandising
Rack Room Shoes announced Melanie Ortlieb has succeeded industry veteran Dan Crawford as director of merchandising.
Crocs’ Americas Sales Jump 15 Percent In Q4
Crocs Inc. reported revenues in the fourth quarter topped Wall Street’s expectations, boosted by healthy double-digit growth in the Americas region. The loss for the company in the period also came in better than expected due to cost-cutting initiatives.
Golf Rounds Played Show Gains In January
According to Golf Datatech, golf rounds played in the U.S. were up 2.8 percent in January.
TJX Rebranding Sierra Trading Post To Simply ‘Sierra’
Sierra Trading Post, the retailer that operates an online and brick-and-mortar presence and is owned by The TJX Cos., has undergone a rebranding and is now known simply as Sierra, the company announced Wednesday during the earnings call with analysts.
Garmin To Sponsor 11 Cycling Teams
Garmin announced sponsorship agreements with 11 professional cycling teams for 2019, including world tour and mountain/enduro biking teams.
Fitbit’s Shares Sink On Weak Guidance
Fitbit in the fourth quarter managed to show its first quarterly year-over-year increase in device sales since the fourth quarter of 2016. But shares were trading down about 16 percent in late-afternoon trading amid warnings of softer-than-expected sales for the first quarter and margin deterioration for the year.
U.S. Polo Assn. To Outfit USPA College Polo Teams
USPA Global Licensing Inc. (USPAGL), the official licensing arm and national broadcaster of the United States Polo Association (USPA), announced that U.S. Polo Assn. will be outfitting college polo players through a new nationwide collegiate outreach program.
Unequal Technologies Partners With Babe Ruth League And Cal Ripken Baseball
Unequal Technologies Company has signed on as the Official Performance Protection Partner for both Babe Ruth League and Cal Ripken Baseball, a division of BRL.
Camping World Delays 10K Filing
Camping World Holdings Inc. announced that has filed a Form 12b-25 with the U.S. Securities and Exchange Commission providing the company a 15-day extension to file its Annual Report on Form 10-K for the year ended December 31, 2018
Fanatics Hatches Deal With South Korea’s Coupang
Fanatics reached an agreement to become the exclusive provider of fan merchandise on Coupang, South Korea’s largest internet marketplace. The deal marks Fanatics’s second global marketplace deal after an agreement with Walmart was announced last month.
Flip Flop Shops Retains International Retail Management and Consulting Group (IRG)
Flip Flop Shops (FFS), which was recently acquired by Bearpaw Holdings LLC, has has secured International Retail Management and Consulting Group LLC (IRG) to develop a common area retail model.
House Passes Gun-Control Measure Expanding Background Checks
The Democratic-led House on Wednesday passed an expansion of background checks for nearly all gun sales. The measure extends background checks to guns purchased outside of licensed gun dealers.
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