Macy’s, Inc. reported same-store sales dropped 2.7% in June. This compares with the company's guidance for comps to be flat to down 2 percent in June. Given the softer sales, Macy's now expects second quarter earnings to be in the range of 20 to
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
TJX’s Comps Grow 5%
The TJX Companies, Inc. reported consolidated comparable store sales increased 5% for the five-week period ended July 7. Total sales were up 9% to $1.7 billion from $1.5 billion…
GSI Commerce Partners with Nautica/Kipling
GSI Commerce Inc. announced that it has signed a multiyear agreement with a subsidiary of VF Corporation for the Nautica and Kipling apparel brands. GSI will provide both the Nautica and Kipling brands with technology, customer care, order processing and
Sports Direct buys U.K. Outdoor Retailer, Field and Trek
Sports Direct has acquired a 60% interest in U.K. outdoor clothing and equipment retailer Field & Trek for £5 million (U.S. $10 million.) The U.K. sporting goods chain also has an option to acquire the remaining 40% in the next five years for a further
Nike Names Craig Zanon Vice President and General Manager of Global Basketball
NIKE, Inc. named Craig Zanon as been named Vice President and General Manager of Global Basketball. Zanon brings more than 17 years of key U.S. and global Nike experience to the role. Most recently, Zanon was leading consumer categories for Nike's U.
Nike Names HR Manager
Nike, Inc. announced that David Ayre is joining the company as Vice President of Global Human Resources, reporting to company President and CEO Mark Parker. Ayre most recently was head of talent and performance rewards for PepsiCo, where he worked since 1
Adidas to Sponsor Univ of Michigan
Adidas reached a eight-year deal with The University of Michigan to provide footwear and apparel to the school's sports teams in a deal valued at $7.5 million annually, replacing Nike Inc. Adidas will begin supplying the Wolverines' 25 sports te
Cabela’s Hires SVP, Retail Strategy/Real Estate
Cabela's Inc. said Lynn P. Ferguson has been named Senior Vice President of Retail Strategy and Real Estate Development, a new position. In this role, he will be responsible for Cabela's retail store expansion plans and retail strategy. Ferguson
Zappos.com Acquires 6pm.com
Zappos.com, Inc. announced the signing of a definitive agreement to purchase the assets of 6pm.com from eBags, Inc. Formerly Shoedini.com, 6pm.com is an online footwear and accessory source. The deal is expected to close within three months and terms of t
Timberland Names Media Buying Agency
The Timberland Co. said MediaHub, the media arm of Interpublic Group of Cos.' Mullen, has been named media agency of record after a review. The Wenham, Mass., agency will handle all planning, buying and analytics for the footwear and apparel company.
China Sports plans S$74.7m IPO
China Sports International, a manufacturer and distributor of sports shoes and apparel, said it plans to raise Singapore $74.7 million (U.S. $49 million) through its IPO on the Singapore Exchange. China Sports is a manufacturer and distributor of sports s
Johnson Outdoors and Confluence Settle Lawsuit
Johnson Outdoors Inc. has reached a settlement agreement with Confluence Holdings Corp. that will end a long-standing intellectual property dispute between the two companies. While the terms of the agreement are confidential, the settlement does not const
RECALL: Sport Maska Face Masks
Sport Maska Inc., the hockey equipment unit of Adidas AG, recalled 1,325 facemasks in the U.S. and Canada because they failed quality-control tests. Sport Maska hasn't received any reports of injuries from the FM5K masks, which were sold in March and
Dale Earnhardt Jr. to Endorse adidas
adidas and Dale Earnhardt Jr. announced a multi-year partnership. The collaboration will include a full line of Dale Jr. footwear, apparel and accessories, including his future racing suit and technical footwear as well as off track footwear and fan appar
Samsonite Acquired by Private Equity Firm for $1.7 Billion
Samsonite, which makes packs and travel gear for Timberland, has been purchased by CVC Capital Partners, a private equity firm.The all-cash transaction is valued at about $1.7 billion, including the assumption of debt. Under the terms of the agreement, f
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal