Stage Stores Inc. on Thursday announced that, following strong results for both the nine off-price conversions completed in 2018 and the 37 off-price conversions completed in the first quarter of 2019, the company is accelerating and expanding the rollout of its off-price growth strategy.
Author: SGB Media
Professional Tennis Registry Elects Two New Board Members
Professional Tennis Registry (PTR) on Thursday announced the election of two new directors-at-large—Lynne Rolley and Martin Van Daalen—to the PTR board. Rolley and Daalen were elected at the organization’s annual general membership meeting and will serve three-year terms. Leo Alonso was re-elected to another three-year term, and Karl Hale was named president.
UNC-Chapel Hill Selects Hanesbrands Inc. As Primary Licensed Apparel Partner
The University of North Carolina at Chapel Hill has selected Hanesbrands Inc. as the University’s primary licensee for apparel products.
’47 Opens Alley Store At Citizens Bank Park
Sports lifestyle brand ’47 has opened its official team store in Citizens Bank Park in Philadelphia, PA. The home of the Philadelphia Phillies welcomes the ’47 Alley Store just in time for Opening Day; the store is located in Ashburn Alley next to the left field gate.
KastKing Names Al Noraker VP Of Business Development
Fishing tackle company KastKing has created the position of vice president of business development and appointed Al Noraker, previously director of product development, to this new role.
Mikaela Shiffrin’s Record-Setting Season Fuels Popularity of #LEKISHIFFRINSELFIE Instagram Promotion
BUFFALO, NY (March 28, 2019) – LEKI congratulates Mikaela Shiffrin on her most successful season yet on the 2018-19 Alpine skiing World Cup tour — most victories in a season (17); most career women’s slalom wins (40); only skier to claim the overall, super-G, giant slalom and slalom championship in one winter. Along with Shiffrin’s success […]
Osprey Expands Executive Team Hiring Julie Rich as Vice President of People
Cortez, CO – March 27, 2019 – Osprey, a leader in creating top-quality, high-performance, innovative carry solutions, is pleased to announce the hiring of Julie Rich as Vice President of People. In this newly formed position, Rich will lead the Human Resources team including talent management, recruiting and retention, compliance, and management development. “We are […]
Linn-Benton Community College Signs With Nike
Linn-Benton Community College, based on Albany, OR, announced a multiyear agreement with Nike and BSN Sports.
Sportsman’s Warehouse’s Q4 Profits Climb 26 Percent
Sportsman’s Warehouse Holdings Inc. reported earnings on an adjusted basis rose 26.2 percent in the fourth quarter as same-store sales gained 3.1 percent. Earnings came in at the higher end of guidance while comps topped guidance. Jon Barker, CEO, said the sales gains were “driven by strong performance from our existing stores and e-commerce platform.”
Gildan To Take Impairment Charge Related to Heritage Sportswear
Gildan Activewear Inc. announced that it expects to take a charge of approximately $19 to $23 million in the first quarter of 2019, related to the impairment of a trade receivable from Heritage Sportswear, one of the company’s U.S. distributor customers within the imprintables channel.
Lululemon Crushes It In Q4
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.
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.
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