Urban Outfitters, Inc. announced a net income of $32 million, or 33 cents a share, in the first quarter ended April 30, 2022, down 40.2 percent from $53.5 million, or 54 cents, a year ago. Sales increased 13.4 percent over the same period last year to a record $1.05 billion.
Author: SGB Media
Nordstrom Delivers 19 Percent Growth In First Quarter
Nordstrom reported sales in the first quarter grew 18.7 percent with sales ahead 23.5 percent for the Nordstrom banner and 10.3 percent for Nordstrom Rack. Core categories including men’s and women’s apparel, shoes and designer had the strongest growth as consumers updated wardrobes for the return of social events, travel and return to office.
Caleres Lifts 2022 Outlook As Momentum Continues In Q1
Caleres, Inc. raised its 2022 sales and earnings per share guidance after delivering its strongest first-quarter performance for sales, gross profit margins and earnings. Famous Footwear’s sales were down 3.4 percent, but the off-price chain achieved another quarter of strong gross profit margin.
Sportsman’s Warehouse To Open Store In Wyoming
Sportsman’s Warehouse Holdings, Inc. is scheduled to open a store in Riverton, WY this month.
Grassroots Outdoor Alliance Appoints President
Grassroots Outdoor Alliance has hired Gabe Maier as president. Maier has worked with the GOA for six years, including two years as a business analyst and four years as vice president). Most recently, he was the director of business development for BrandKeep.
Evnroll Moves To Expanded Corporate Offices
To support global growth, putter manufacturer Evnroll has moved its headquarters to Aston Avenue in Carlsbad, CA.
Moody’s Outlook For U.S. Retail And Apparel Industry Cut To Negative
Moody’s Investors Service has lowered its outlook from stable to negative for the US retail and apparel industry. The rating agency said inflation, geopolitical risks, supply chain challenges and falling demand point to broad profit declines, and operating margins will erode across every subsector.
Stitch Fix Appoints Chief Marketing Officer
Stitch Fix, Inc. announced Debbie Rose Woloshin is joining the company as chief marketing officer. Woloshin was previously the chief marketing officer at Marc Jacobs.
Varsity Brands’ Debt Ratings Upgraded
S&P Global Ratings upgraded the debt ratings of Varsity Brands Holding Co. Inc. as the company’s financial performance continues to improve as it recovers from COVID-19 pandemic lows.
2023 Wilson A2K Gloves Launch
Wilson’s 2023 A2K lineup has launched, bringing six new premium gloves to the diamond. The lineup offers patterns designed for professional-caliber players across all positions, including a new look for the brand’s classic A2K 1776 and Aso’s latest innovation, the 12.75-inch 2023 A2K 1810. Hand-crafted in Japan, A2K gloves offer attention to detail and made with Pro Stock Select leather, consisting of […]
Cotopaxi Appoints President
Cotopaxi announced it appointed Damien Huang as president of the company reporting to CEO and Founder Davis Smith. Huang was, most recently, CEO of Eddie Bauer.
Climate Neutral And Novato Create Brand Emissions Estimator
Novata, an ESG data management platform and Climate Neutral, the 501(c)(3) nonprofit formed a partnership to provide private companies with an ESG solution that simplifies the process of collecting carbon data. Climate Neutral’s Brand Emissions Estimator (BEE) is now integrated into Novata’s platform so that customers to estimate their total carbon inventory. “Novata and Climate […]
Puma Opens Virtual Place On Roblox
Puma launched a sports-based experience on Roblox, the online gaming platform where participants compete in mini-games and training activities.
Nautilus Sales Fell 41 Percent In Fiscal Fourth Quarter
Nautilus Inc. reported sales were down 41.9 percent in the fourth quarter ended March 31. Sales grew 28 percent versus the fourth quarter of 2020 or 41 percent excluding the sold Octane business. The company lost money in the quarter but expects to achieve positive adjusted EBITDA for the second half of the current fiscal year.
Wilson Combat Acquires New Ultralight Arms
Wilson Combat has acquired the assets of New Ultralight Arms, LLC, based in Granville, WV.
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