Ross Stores, Inc. reported profits declined 22.1 percent in the second quarter due to higher markdowns and a 7 percent same-store drop. The off-pricer downwardly adjusted its outlook for the year.
Author: SGB Media
Nike And Adidas Settle Flyknit Infringement Lawsuit
According to the Portland Business Journal, Nike filed paperwork with the U.S. District Court in Portland, OR, to settle its patent infringement lawsuit against Adidas over the alleged use of Nike’s knitted footwear technology. The filing does not disclose the settlement terms.
Kohl’s And Sephora Expand Partnership
Kohl’s and Sephora announced that the companies’ partnership would expand to include a Sephora presence at all of Kohl’s more than 1,100 locations.
American Council On Exercise Adds Board Member
Becky Roseberry, former senior vice president of finance for CorePoint Lodging, Inc., has joined the American Council on Exercise (ACE) as a board member.
McDavid Signs NBA Pro Baller John Wall As Ambassador For Hex Padded Apparel
McDavid, the manufacturer of sports medicine products and Hex padded basketball apparel, signed an agreement with five-time NBA All-Star John Wall, who has worn McDavid’s Hex padded apparel through his pro basketball career, as a global ambassador for the company’s Hex product line. The agreement includes Ball promoting Hex padded leg and arm sleeves, […]
Texas State Extends Partnership With Adidas
Texas State Athletics has extended its partnership with Adidas as the University’s exclusive athletic footwear, apparel and accessories outfitter. The partnership states that Game One will be the official Adidas products provider to Texas State student-athletes and coaches.
Gregory’s Sales Expand 6.6 Percent In First Half
Gregory’s sales reached $34.9 million in the six months ended June 30, increasing 6.6 percent on a reported basis and 12.8 percent on a currency-neutral basis, according to its parent, Samsonite International.
Port Of Los Angeles Breaks Another Cargo Record In July
The Port of Los Angeles processed an estimated 935,345 Twenty-Foot Equivalent Units in July, outpacing the previous record set in 2019 by 2.5 percent. The Port has set monthly records in five of seven months in 2022.
U.S. Retail Spending Shows Slight Gain In July
As calculated by the National Retail Federation, core retail sales rose in July even as overall sales reported by the U.S. Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers continued to shop despite high inflation respectively, the NRF said.
Kohl’s Slashes Guidance On Planned Inventory Reduction
Kohl’s, Inc. cut its full-year forecast due to plans to increase promotional activity to reduce inventory levels. The department store chain reported second-quarter results slightly ahead of expectations but indicated a weakening economy and high inflation are weighing on sales growth.
Elan Earns Green Star Certification
Elan, the global ski manufacturer, handcrafting skis 100 percent on green energy and 100 percent in the Slovenian Alps for 77 years, earned the Green Star Certificate for its integration of social responsibility and sustainability plans through 2030 and beyond. Elan’s manufacturing facility runs on 100 percent green energy where “all products are handmade in a single […]
Ruffwear Launches FW22/23 Collections
Ruffwear, the manufacturer of performance dog gear, launches two collections for FW22/23 season. The Trailhead collection, released on August 17, flexes across lifestyles and activities so humans and dogs can find “common ground to play and explore more together.” Launching October 12, the Innovative Insulation collection features winter jackets with technical insulation for canines during […]
Winnebago Approves 50 Percent Hike In Quarterly Dividend
Winnebago Industries, Inc. said its board raised its quarterly dividend by 50 percent and approved a new share repurchase authorization program.
Outdoor Prolink Expands Canadian Pro Purchase Program
After 17 years of doing business in the U.S., Outdoor Prolink, the pro purchase program created for outdoor professionals, announced its expansion into Canada last Fall and has grown to include the following brands for Canadian outdoor professionals—BadFish, G3, Helly Hansen, Mammut, Mountain Hardwear, NOBL Wheels, Red Paddle, SMRT Tent, and Thule. Outdoor Prolink’s verified […]
Nite Ize Partners With Outdoor Brands On Tru Zip Technology
Nite Ize, a manufacturer of solution-based products, announced its partnership with six outdoor brands that use its patented Tru Zip zipper—a toothless, dustproof, waterproof zipper—including Simms Fishing, Hydro Flask, Fishpond, CamelBak, Booē, and Adventure Medical Kits “TRU Zip technology enables us to provide a first-of-its-kind solution across a variety of outdoor activities from hunting and fishing, […]
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