The TJX Companies Inc. reported profits jumped 58.7 percent in the first quarter ended April 29 as same-store sales gained 3 percent. Both earnings and sales topped analyst estimates in the quarter and guidance was raised for the year.
Author: SGB Media
Asics x Kiko Kostadinov To Debut High-End Fashion Line
As first reported by Business of Fashion, Asics will launch a high-end unisex fashion line called Asics Novalis designed with long-time London-based Bulgarian designer/collaborator Kiko Kostadinov at Paris Fashion Week in October. The Asics Novalis collection will be carried at luxury retail houses later this year, including the Dover Street Market. The logo-less, minimalistic pieces […]
Target’s Q1 Profits Top Analyst Targets; Warns On Q2 Outlook
Target Corp. reported a slight decline in earnings on a 0.5 percent increase in sales in the first quarter, but both earnings and sales topped Wall Street targets. Target issued soft guidance for the second quarter, marked by a low single-digit decrease in comparable sales, and said a higher shrink would impact the year’s profitability.
Descente Ltd. Posts Double-Digit Fiscal 2022 Revenue Growth On Post-COVID Asia Retail Recovery
Descente Ltd reported that revenues for the 2022 full fiscal year ended March 31, 2023 rose 10.8 percent to ¥120.61 billion ($922.3 million), exceeding the company’s November forecast. Net profit was a record high, growing 69.4 percent year-over-year.
Lululemon’s Global Creative Director Passes Away
Phil Dickinson, Lululemon’s SVP and global creative director and previously a 15-year Nike veteran, has passed away. The cause of his death was not disclosed.
Intense Cycles Hires VP Of Sales
Intense Cycles, based in Temecula, CA, added Mike Carr to its executive team as vice president of sales. He previously worked for Fox Racing and Polaris Industries.
FILA-Sponsored Tennis Pros To Debut La Finale Collection In Paris
Fila’s Spring 2023 tennis collection for men and women features classic Fila color schemes mixed with innovative designs that the brand’s top ATP and WTA players will wear on the historic clay courts in Paris. Barbora Krejcikova and Karolina Pliskova will take the courts in Paris, highlighting the women’s La Finale line, which includes of […]
Construction On Bass Pro’s Sayreville Set To Begin This Year
Construction of the long-awaited Bass Pro Shops at Sayreville, NJ, is scheduled to begin before the end of 2023.
Fanatics Partners With Sky Sports To Launch Online Shop
Fanatics partnered with broadcaster Sky Sports to open a new online shop, shop.skysports.com, for consumers across the UK, Ireland, Germany, Austria, Switzerland and Italy.
Newell Brands Slashes Dividend
Newell Brands, Inc. announced that its Board of Directors and the management team updated its dividend policy to focus on funding supply chain investments and de-leverage. Newell Brands reduced its quarterly dividend to 7 cents a share. In February, the company declared a quarterly dividend of 23 cents a share.
Retail Sales Inch Up In April, Driven By Inflation; Sporting Goods Stores See Decline
Retail sales, which are adjusted for seasonality but not for inflation, rose 0.4 percent in April from the prior month, the Department of Commerce reported on Tuesday, following declines in March and February. The growth was still weaker than the 0.8 percent increase that economists expected, according to Refinitiv.
Oofos Names Former Telecom Exec To Board Of Directors
Oofos named former T-Mobile CEO John Legere to its board of directors. Most recently, Legere was the CEO of T-Mobile for eight years.
Deuter, Ortovox To Move Corporate U.S. Headquarters To Boulder
Deuter and Ortovox are preparing to move their U.S. corporate headquarters to Boulder, CO. The brands, owned by German-based Schwan-Stabilo Outdoor, hired NRI 3PL, a third-party logistics partner based in Fontana, CA, to provide fulfillment services for its U.S. network.
CRKT Marks 29th Anniversary With Premium Product Offerings; Updated Brand Identity
CRKT (Columbia River Knife & Tool) kicked off its 29th year in business this past month. As part of the anniversary, the company updated its visual brand identity, website and product offerings “in response to consumer demand,” said the company. “After nearly three decades in business, we’re still learning, growing and striving every day, and […]
Grassroots Connect Buying Show Returns In June
Grassroots Connect, the twice-annual buying show of the Grassroots Outdoor Alliance (GOA), returns in June at the Knoxville Convention Center to host “more than 400 retail buyers from 206 retail doors nationwide with the outdoor world’s best-known and best-loved brands for nearly 10,000 pre-scheduled appointments,” said the association. With “215 total brands in attendance, including […]
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