Burlington Stores Inc. reported earnings more than doubled in the first quarter as same-store sales grew 20 percent.
Author: SGB Media
Report: Authentic Brands Confidentially Files For IPO
Authentic Brands Group (ABG), which owns a number of fashion and sports brands, has reportedly filed confidentially for an initial public offering.
Genesco’s Q1 Boosted By Record Results From Journeys
Genesco Inc. reported first-quarter results that came in well above Wall Street targets with a boost of record first-quarter revenue and profitability at Journeys.
Cascade Designs Expands Sales And IT Departments
Cascade Designs, the parent company of MSR, Therm-a-Rest, Platypus, SealLine, PackTowl and Varilite, announced three new hires in its sales and IT departments. Tim Lau will join the company as international sales manager for Canada and APAC, Jenni Schmidt will work as senior sales & operations manager and Mirza Beg will serve as IT director.
Fanatics Opens Paris Saint-Germain Store In Los Angeles
Paris Saint-Germain in partnership with Fanatics has become the first European football club to open a permanent retail store in the United States.
Kering Sells 5.9 Percent Stake In Puma
French luxury goods group Kering announced plans to sell a 5.9 percent stake in Puma via a placement to investors.
Grand Trunk Acquires Alite Designs
Grand Trunk has acquired Alite Designs, the company behind the Monarch camp chair. Starting next year, Alite products will be available under the Grand Trunk brand name.
VF Corp. Launches New Innovation Pillar
VF Corp. announced its launch of Venture Platforms, an innovation pillar that will focus on identifying and investing in new, future-focused opportunities.
Fleet Feet Syracuse Owners To Retire
Fleet Feet announced that Ed and Ellen Griffin have retired after 21 years of owning their Fleet Feet franchise business.
AllTerra Arms Expands Executive Team
AllTerra Arms, an Idaho-based manufacturer of precision bolt-action rifles, hired Mike Schwiebert as chief marketing officer and Dan Rice as vice president of sales.
Urban Outfitters Tops Wall Street’s Targets In Q1
Urban Outfitters Inc. announced a record net income of $54 million, or 54 cents a share, on sales of $927 million for the first quarter ended April 30. Wall Street on average was looking for 16 cents a share on sales of $898 million.
REI Launches Content And Entertainment Arm
REI announced the launch of Co-op Studios, the retailer’s in-house content arm. Across films, podcasts and editorial programs, the studio develops and produces content that explores the power of time spent outside, while complementing the brand’s broader commitments.
Designer Brands Returns To Profitability
Designer Brands Inc., the parent of DSW, returned to profitability for the first time since the onset of COVID-19. Sales improved 45.6 percent against pandemic-depressed year-ago levels and the gross margin rate improved over the rate from the first quarter of 2019. Athleisure comparable sales in the U.S. Retail segment, or DSW, were up 92 percent in the first quarter year-over-year.
Mystery Ranch Partners With Sea To Summit To Expand Reach Into Australia
Mystery Ranch announced it has partnered with Sea to Summit to be its distributor in Australia. With new partnerships across Europe, Asia and the Middle East, the company is expanding its reach into the South Pacific.
Igloo Releases Limited Edition Photographer Series Playmate Cooler Collection
Igloo released its Limited Edition Photographer Series Playmate cooler collection featuring the works of Magdalena Wosinska, Atiba Jefferson and Estevan Oriol. “It’s a huge honor to collaborate with Magdalena, Atiba and Estevan on our Photographer Series,” said Brian Garofalow, CMO, Igloo. “Each photographer is incredibly talented and has created unique iconic work. We’re thrilled to […]
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