Dillard’s, Inc. profits slid 9 percent in the first quarter that ended May 3 as same-store sales eased 1 percent and gross margins eroded 70 basis points.
Category: Apparel
Adidas Faces Steve Madden Lawsuit Over Stripe Design
Steve Madden filed a lawsuit in Brooklyn’s federal court against Adidas, saying it was “tired” of being targeted by Adidas for using elements that bear no resemblance to Adidas’ signature three parallel stripe design.
EXEC: Nike Rolls Out Price Increase Schedule
Nike will not raise prices on kid’s products in deference to the upcoming back-to-school (BTS) and holiday seasons. The increases will not affect prices on products costing less than $100.
Stif Mountain Bikes to Close In September
Stif Mountain Bikes, a Bristol and Yorkshire-based bike shop and bike brand, plans to close its doors in September.
EXEC: Nike Brand Re-Engages with Amazon to Sell Direct to Customers
In a move that was rumored but few saw coming so quickly, the company will re-introduce sales of Nike brand products on Amazon as early as next week, re-engaging after pulling away in 2019 to focus on building its own DTC business.
Take a Video Tour of Wolverine Worldwide’s New Merrell and Saucony HQ
The centerpiece is a top-to-bottom renovation of 40,000 square feet, which houses the company’s two largest brands, Merrell and Saucony, the latter of which the company recently relocated to Rockford, MI from Boston.
EXEC: Arc’teryx Still King at Amer Sports But Growth Trend Moderates
For full-year 2025, Amer Sports expects the Technical Apparel segment revenue, which is primarily Arc’teryx, to increase in the range of 20 percent to 22 percent. Segment operating margin is expected at ~21 percent.
Repreve Maker Unifi Sells Plant for $45 Million
The company closed on selling its manufacturing facility in Madison, NC to an unidentified third-party buyer for $45.0 million, and reported it will use $25.0 million of the net proceeds to reduce the existing term loan and $18.3 million to reduce outstanding revolving loans.
EXEC: VF Q4 Profits Beat Plan as TNF and Timberland Deliver Healthy Growth
While Vans disappointed, VF Corp. saw a robust revenue performance in the fourth quarter by The North Face and Timberland while profits came in better-than-expected due to payback from its Reinvent transformation program. Outerwear as a “standout” for TNF while Timberland’s sales surged 34 percent on a currency-neutral basis in the Americas region.
Urban Outfitters Profits Jump in Q1
The retailer reported profits jumped 75.4 percent in the first quarter as comps at its Retail segment increased 4.8 percent. Total company net sales for the three months ended April 30 increased 10.7 percent to a record $1.33 billion.
EXEC: Vans Hits Fiscal Q4 Turbulence as Brand Recovery Falters
Shares of VF Corp. shed ~13 percent Wednesday after the company reported Vans’ sales fell 20 percent on a currency-neutral basis in the fiscal fourth quarter on top of a 27 percent decline in fiscal Q4 last year.
Target Trading Lower as Retailer Misses Q1 EPS Estimates; Cuts Guidance
Comparable sales decreased 3.8 percent in the first quarter, reflecting a comparable store sales decline of 5.7 percent and comparable digital sales growth of 4.7 percent.
EXEC: New Hibbett Parent JD Sports Sees Shares Fall as Q1 Disappoints
Group comp store, or like-for-like, sales were down 2 percent for the quarter ended May 3. The market also reacted to potential price increases from higher tariffs affecting U.S. consumer purchasing.
Rally House Opens New Storefront in Blacksburg, Virginia
The sports merchandise and apparel retailer, has opened Rally House Blacksburg, its first store in Virginia, on Main Street, steps from the Virginia Tech campus.
Canada Goose Gets DD Lift from DTC in Q4; Wholesale Falls in the Mid 20s
DTC Revenue increased 15.7 percent (+11.6 percent cc) to CN$314.1 million, said to be driven by DTC comparable sales growth of 6.8 percent and revenue from non-comparable stores.
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