Kohl’s Inc. raised its guidance for the year after reporting third-quarter results topped Wall Street’s targets. Earnings in the third quarter rose 38 percent as comps grew 2.5 percent.
Author: SGB Media
TJX’s Q3 Disappoints With Holiday Guidance
The TJX Companies Inc. reported third-quarter earnings improved as comps grew a stronger-than-expected 7 percent but earnings came in lower than Wall Street’s targets and the off-price retail giant gave weak guidance for the holiday quarter.
Vista Outdoor Completes Credit Refinancing
Vista Outdoor Inc. announced that it completed the refinancing of its existing senior secured credit facilities by replacing those facilities with a new asset-based revolving credit agreement and term loan credit agreements.
Dallas Mavericks And Lympo Launch Blockchain Fitness App
Mark Cuban, owner of the Dallas Mavericks, together with Antanas Guoga, co-founder of Lympo, announced the official launch of Lympo, the nation’s first blockchain fitness app, and the first of its kind that rewards users with crypto tokens holding real monetary value that can be exchanged for premium products within its own in-app Lympo Shop.
Former Louisville Recruit Brian Bowen Sues Adidas
A law firm filed a federal suit on behalf of Brian Bowen, former Louisville and South Carolina basketball recruit, against Adidas, alleging “violations of the Racketeer Influenced and Corrupt Organizations (RICO) Act.”
Columbia Sets Leadership Promotions At Sorel
Columbia Sportswear Company announced a number of promotions at Sorel, including Erin Sander, Taylor Vaugh and Natalie Hayes.
Nike Inc. Appoints John Rogers To Board
Nike Inc. announced John W. Rogers, Jr. has been appointed to the company’s board of directors. Rogers, 60, is founder, chairman, CEO and chief investment officer of Ariel Investments LLC.
Urban Outfitters Beats Earnings & Sales Expectations
Urban Outfitters Inc. on Monday announced net income of $78 million and $212 million for the three and nine months ended October 31, 2018, respectively. Earnings per diluted share were 70 cents—beating estimates by 7 cents—and $1.92 for the three and nine months ended October 31, 2018, respectively.
OBIT: James Laux, Laux Sporting Goods
James Laux, the former president of Laux Sporting Goods with two stores in Western New York, has passed away at the age of 90, according to The Buffalo News.
The North Face Announces Giving Back Initiatives
As the temperatures drop across the U.S., The North Face is ramping up how it gives back to its community of explorers in two major ways—the Explore Fund and a $250,000 Move Mountains grant created in memory of a long-time leader at The North Face, Ann Krcik.
Fanatics, Ticketmaster Team Up To Integrate Game Tickets And Sports Merchandise
Fanatics, the global leader in licensed sports merchandise, and Ticketmaster, the global leader in ticketing, on Monday announced a long-term, industry-first partnership that will integrate official verified tickets and official licensed merchandise in the fan shopping experience of both sites.
Nordstrom, Macy’s Stand Out In Disparate Q3 For Department Stores
Department stores are a mixed bag heading into Black Friday and the 2018 Holiday Season, as companies like Nordstrom Inc. and Macy’s raised guidance with hopes of closing out the year on strong footing while J.C. Penney and Dillard’s continued looking for ways to keep from stumbling.
Brooks Running Company Gives Back To High School Programs Across Country
Brooks Running Company has announced the 25 schools that it will give Booster Club grants to this year, helping to buoy high school cross country and track teams and ensure young runners can have an impactful experience with the sport.
Columbia Appoints Troy Sicotte As Mountain Hardwear VP Of Sales
Columbia Sportswear Co. on Monday announced the appointment of Troy Sicotte to serve as vice president of sales, North America for the Mountain Hardwear brand, effective October 22, 2018.
Bicycle Product Suppliers Association, PeopleForBikes Seek Input On Tariffs
The Bicycle Product Suppliers Association and PeopleForBikes plan to file an application for a tariff exclusion for electric bicycles, and possibly electric bicycle motors, but the United States Trade Representative mandates that their exclusion applications be supported by data collected from members.
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