Sport Chek has opened the company’s first location focused exclusively on kids, according to retail-insider.com.
Author: SGB Media
Shiekh Shoes To Shrink Significantly As Part of Bankruptcy Exit Plan
As part of the company’s plan to exit bankruptcy proceedings, Shiekh Shoes expects to be operating only 44 stores at the close of 2019, down from 125 when the company first filed for bankruptcy in November. The plan also features minimal payback for trade creditors, expect for Nike.
Caleres Earnings Increase But Miss Analysts’ Estimates
Caleres, whose portfolio includes a range of footwear brands and the Famous Footwear retail stores, reported net income in the first quarter ended May 5 of $17.2 million and diluted earnings per share of $0.40.
Lululemon Delivers Blowout Q1
Lululemon Athletica Inc. reported first-quarter earnings vaulted 140 percent in the first quarter, riding a 20 percent comp gain driven by online sales and a 370 basis-point improvement in gross margin. The retailer’s full-year outlook was lifted as results easily beat internal guidance.
Tilly’s Shares Surge On Q1 Earnings Beat
Shares of Tilly’s Inc. rose $1.55, or 12.7 percent, to 13.76 Thursday after the action-sports themed retailer reported first-quarter earnings that exceeded internal guidance on improving store traffic and indicated the technical issues that had been derailing e-commerce operations are abating.
PVH Corp. Posts Q1 Income, Revenue Increases
PVH Corp., parent of Tommy Hilfiger, Calvin Klein and Heritage Brands, reported earnings for the first quarter ended May 6 of $179.4 million, or $2.29 per share, up from $70.4 million, or $0.89 per share, in the year-ago quarter.
Canada Goose Announces Strategy For Long-Term Growth In China
Canada Goose announced the company’s expansion plans for Greater China, including establishing a regional head office in Shanghai and a partnership with Alibaba, as well as appointing Scott Cameron as president, Greater China.
Sears To Close 72 More Stores
Sears Holdings said the company will be closing more than 70 additional stores in 2018 as its sales continue to erode.
Asics And Disney Team Up To Get Families Moving
Asics announced a global partnership with The Walt Disney Company on a cross-media campaign tied to upcoming movie release, Disney·Pixar Incredibles 2. The goal of the campaign is “to get families moving this summer.”
Nationwide Trails Celebration To Take Place June 2
American Hiking Society’s National Trails Day is aiming to collectively improve 2,802 miles of trail, the distance across the U.S., in a single day, in honor of the 50th Anniversary of the National Trails System.
Chums Announces River Guide Competition Finalists
Chums announced the finalists of its Ultimate River Guide competition. The competition is being held in celebration of the eyewear retainer and outdoor accessory brand’s 35th anniversary.
Perry Ellis’ Q1 Sales Climb 5.4 Percent
Perry Ellis International reported sales rose 5.4 percent in the first quarter, fueled by growth in Golf and Nike Swim and a high-single digit increase in the direct-to-consumer channel sales.
Adidas, Skechers Settle Trademark Lawsuit
Adidas and Skechers have reached settlement over a lawsuit that charged Skechers infringed on Adidas’ three-stripe logo and Stan Smith shoe designs, according to Law360.
Topgolf Names Ben Sharpe President Of Toptracer Range
Topgolf Entertainment Group (TEG) has hired former TaylorMade Golf Co. CEO Ben Sharpe to expand the company’s global footprint of driving ranges that license the company’s Toptracer Range technology.
NFHS Appoints Executive Director
Dr. Karissa Niehoff, executive director of the Connecticut Association of Schools-Connecticut Interscholastic Athletic Conference (CAS-CIAC) the past seven years, has been selected as the next executive director of the National Federation of State High School Associations (NFHS), effective August 1.
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