Overall value for the price and special sale prices reportedly grew as top factors that influence where consumers shop for gifts in 2023, identified by more than 40 percent of holiday shoppers in a recent holiday purchase intentions consumer survey conducted by Circana.
Author: SGB Media
TJX Raises Outlook on Q3 Beat
The TJX Companies, Inc. lifted its guidance for sales and EPS for the year after seeing third-quarter results exceed targets. Q3 same-store sales grew 7 percent at the Marmaxx segment and 9 percent at HomeGoods, driven entirely by customer traffic.
Nike, Inc. Increases Quarterly Cash Dividend by 9 Percent
The company’s Board of Directors approved a quarterly cash dividend of 37 cents per share on its outstanding Class A and Class B Common Stock.
Target’s Q3 Profits Handily Top Guidance, Sales Drop
Target reported third-quarter earnings were well above guidance but same-store sales fell for the second consecutive quarter and are expected to decline in the fourth quarter amid continued declines in discretionary categories.
Swiftwick appoints new CEO, adds Board Members
Swiftwick hired former Away executive Mark Chou as CEO and appointed Jimmy Leach, former VP of international sales at Toms and K.P. McNeill, CEO of Imogene + Willie and co-founder and former CEO of Billy Reid, to its board.
Bowflex Cuts Fiscal Year Guidance on Low Customer Demand
The company formerly known as Nautilus, Inc. reported fiscal second quarter net sales declined 25.7 percent to $48.7 million in the period ended Sept. 30. The sales decline was said to be driven primarily by lower customer demand.
Fleet Feet CEO Joins Board of Girls on the Run International
Girls on the Run International, a nonprofit that “empowers young girls,” appointed Joey Pointer, CEO of Fleet Feet, to its board of directors.
Nike Reshuffles Leadership in Design, Marketing and Technology
Nike, Inc. implemented a number of executive changes and additions, highlighted by John Hoke becoming chief innovation officer, Martin Lotti assuming the role of chief design officer, Nicole Hubbard Graham rejoining Nike as chief marketing officer, and Muge Erdirik Dogan joining Nike as chief technology officer.
K-Swiss Appoints Barney Waters as International Brand President
K-Swiss hired Barney Waters, its former brand president, as international brand president.
Oiselle Names New CEO
Oiselle hired Arielle Knutson as CEO. She joins the women’s running brand from Nuun Hydration, where, most recently, she was VP of marketing.
Cole Haan Opens 500th Store
Cole Haan opened its 500th store, marking its accelerated expansion since spinning off from Nike in 2012. The brand is sold in over 100 countries, up from 13 in 2013.
VF Corp.’s Corporate Affairs VP leaves to join Cox Enterprises
Cox Enterprises hired Craig Hodges, formerly the VP of corporate affairs and communications at VF Corp., as SVP of corporate affairs.
GoPro Hires SVP of Engineering
GoPro hired Vince Nakayama, a former employee at Microsoft, as senior vice president of engineering, effective immediately.
NSSRA Names New Chairman
The National Ski & Snowboard Retailers Association named Tom Fuerst of Pedigree Ski Shop in White Plains, NY, the new chairman of its Board of Directors. Fuerst’s family has been a part of the snow sports industry for over 60 years.
Saxx Adds Two Independent Sales Agencies in U.S.
Mountain High Sales & Marketing in the Great Lakes region and Weekday at Bernie’s in the Mid-Atlantic are actively working to sell Saxx’s Fall 2024 line.
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