The company’s net loss was $2.7 million or a loss of 17 cents per basic and diluted share in the fiscal second quarter, compared to a net loss of $0.8 million or a loss of 29 cents per basic and diluted share in the year-ago Q2 period.
Author: SGB Media
Dillard’s, Inc. Net Income Falls 21 Percent Year-Over-Year as Sales Dip 4 Percent
The retailer reported that Cosmetics was its strongest-performing merchandise category, with the weakest performances noted in juniors’ and children’s apparel and men’s apparel and accessories.
Turtleson Bolsters Sales Representation for Mid-Atlantic
Available in golf shops, men’s specialty stores and online, Turtleson sportswear will be represented by in-house industry veteran industry veteran Mark Gama in Virginia, Maryland, Delaware, Pennsylvania, and New Jersey.
Nordstrom Rack to Open New Idaho Location in Fall 2025
The 25,000-square-foot store will be located in The Village at Meridian, a shopping center that includes Lego, Evereve, Warby Parker, and Brandy Melville. The Village at Meridian is owned and managed by CenterCal Properties, LLC.
Report: Christmas Gifting Trends and Consumer Insights from YouGov Survey
YouGov data suggests word of mouth remains the best way for companies to make their products the hottest Christmas gift of 2024, with 18- to 34-year-olds twice as likely to get their gift ideas that way versus social media.
REI Co-op Appoints Chief Marketing Officer
The specialty retailer said Abigail Jacobs brings an “impressive background leading marketing for major consumer retailers including Sephora, Williams-Sonoma, West Elm, and the Pottery Barn brands.”
Caleres Hires Nancy Bitetto as SVP of New York Brands
The parent of Famous Footwear and a portfolio of consumer-driven footwear brands said Nancy Bitetto has joined the company as senior vice president of New York brands, which include Franco Sarto, Vince, Veronica Beard and private brand offerings.
Capri Holdings and Tapestry Terminate Merger Agreement
The companies mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.S. regulatory approvals was unlikely to be met by the merger agreement’s outside date of February 10, 2025.
Wolverine Worldwide Opens Boston Innovation Hub for Product and Design Teams
The 11,000-square-foot facility will accommodate employees from the company’s design and product teams, including Saucony product team members in design, development, product management and merchandising.
S&P: Holiday 2024 Sales Growth Will Fall Short of 2023
S&P Global Ratings is forecasting that holiday sales growth will slow to about 3 percent in 2024 from 4.7 percent last year, remaining below the 10-year average of 5.3 percent. The firm said its outlook is influenced by waning, but persistent, inflation that has pressured household budgets.
October Inflation Rate Gains 20 Basis Points from September’s Year-Over-Year Reading
The CPI, which measures costs across a spectrum of goods and services, increased 0.2 percent for the month. That took the 12-month year-over-year inflation rate to 2.6 percent, up 20 basis points from September.
Winter Occupancy Down on Higher Rates at Western Mountain Resorts
Overall, winter occupancy and rates are pretty even with last winter as of October 31, but the first three months of the season, from November through January, are more sluggish than usual. December is the biggest concern.
Altra Footwear Opens First Colorado Outlet Store
Located at the Outlets at Castle Rock, this new Colorado location will retail past-season and gently-used Altra products to running enthusiasts at significant savings.
Roadsurfer to Expand North American Rental Operations in 2025
The brand is well-established in Europe and dominates the RV rental market. With 14 new rental stations planned worldwide for 2025, the company will operate 90 locations across Europe, the U.S. and Canada, expanding its fleet to around 10,000 vehicles.
Club Studio Opens New Walnut Creek, CA Location
Club Studio Walnut Creek is the sixth Club Studio to open, the second in Northern California. Club Studio plans to have ten locations open nationwide by the end of 2024, and 23 open by the end of 2025.
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