For nearly a year, J.Crew and its sister brand Madewell, also owned by the J.Crew Group, have operated without a CMO—Derek Yarbrough, former executive vice president and CMO of both brands, left in January 2024. The Group did not disclose if it would hire a CMO for the Madewell business.
Author: SGB Media
Journeys Parent Genesco, Inc. Ups Guidance on Strong Q4, Nice Start to Q4
For the full year, the parent of Journeys, Schuh and Johnston & Murphy now expects total sales to be down 1 percent to flat compared to Fiscal 2024 versus prior expectations for a total sales decrease of 1 percent to 2 percent.
Gymshark CFO Departs Amid Profit Decline
Gymshark did not provide a reason for CFO Mat Dunn’s departure, who filled the role in December 2022. The announcement follows the company reporting a £13m pre-tax profit for the year ending July 31, 2023, a decrease from £27.8m in the previous 12 months.
Tilly’s, Inc. Beats on Q3 Sales Estimate But Lowers Guidance on Tough Q4 Start
On a shifted basis, lining up the timing of this year’s Thanksgiving holiday with last year’s, total comparable net sales through December 3, decreased by 9.6 percent relative to the comparable period of last year ended November 28, 2023.
Lululemon Raises Full Year Guidance After Strong Q3 and Expectations for Solid Q4
For 2024, the company now expects net revenue to be in the range of $10.45 billion and $10.49 billion, representing growth of 9 percent, or 7 percent, excluding the 53rd week of 2024.
Segway to Sell E-Bikes Through IBDs and EBDs; Hires Bike Specialty-Focused Team
Heather Henderson is the company’s senior brand manager, and Sophie Eaton is the sales operations director. Christopher Rubin is the U.S. inside sales manager. U.S. RSMs include Gavin Hayes, Chandler Head, Paul Middleton, David Bell, and CJ Bradbury.
Topgolf to Open First Mississippi Venue Before Christmas
Topgolf Ridgeland, located 11 miles north of downtown Jackson, MS, has 62 outdoor climate-controlled hitting bays spanning two levels and will employ roughly 200.
Merrell Appoints Chief Product Officer
Most recently, Noreen Naroo-Pucci was the CPO at Mizzen+Main, a young menswear brand. Her career includes working as the SVP of design, menswear, North America for Calvin Klein, and eleven years at Under Armour as senior creative director and VP of Global Design Engine.
Lands’ End, Inc. Posts Q3 Adjusted Net Profit Despite Sales Declines Across Segments
Third quarter net revenue decreased to $318.6 million for the period ended November 1. Excluding the impact of transitioning kids and footwear products to licensing arrangements, net revenue increased in the low-single digits year-over-year.
Academy Sports and Outdoors Board Approves New Share Repurchase Program
This new share repurchase program totaling $700 million replaces the preceding share repurchase program, of which $423 million remained as of the end of the third quarter, and is effective as of December 4, 2024, for a period of three years.
Amer Sports Prices Upsized Public Share Offering at $23.00 Per Share
The parent of the Arc’teryx, Salomon and Wilson Sports, brands, among others, has priced its upsized public offering of 40.8 million ordinary shares at a price of $23.00 per share. The closing of the offering is expected to occur on December 6, 2024.
Hicks Inc. to Distribute X-Vision Optics
This partnership ensures more retailers and consumers can access X-Vision Optics’ advanced technology while serving the outdoor community.
The Buckle Sees 2.5 Percent Comp Store Sales Growth in November
Net sales for the 4-week fiscal month increased 10.8 percent to $117.5 million from net sales of $106.0 million for the prior-year 4-week fiscal month ended November 25, 2023.
Duluth Trading Cites Weaker Web Conversion Rates, Slower Store Traffic, in Q3 Miss
The company said it saw growth in its average order value and a double-digit increase in digital traffic, but it was not enough to offset the year-over-year contraction in transactions. Top line trends improved leading into Black Friday week and continued through cyber Monday.
Silencer Central Breaks Ground on New Facility
The 60,000-square-foot facility will house inventory and distribution lines for all Silencer Central products and research and development infrastructure, including an indoor shooting range.
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