In the second quarter, Athleta was expected to lap the balance of last year’s heavy discounting, and, as a result, the company planned for second quarter net sales to be down in mid-single-digits year-over-year.
Category: Apparel
Perry Ellis x Original Penguin Expand Partnership with University of Miami Athletics
The extended partnership will include a student-athlete brand ambassador program and a Community Suits program to outfit students with professional attire for success on and off campus.
Wrangler Taps Country Music’s Cody Johnson for New Line of Western Dress Shirts
Inspired by his experiences as a cowboy and performer, the collection meets Johnson’s lifestyle on the ranch and off the stage. Available through select retailers nationwide, the collection will expand in Fall 2025 to include jeans and snap shirts.
Duluth Trading Returns to Top-Line Growth in Q2 Despite Store Decline
Direct-to-consumer net sales increased by 5.6 percent to $91.7 million and Retail store net sales decreased 4.4 percent to $49.9 million, reportedly due to slower store traffic, partially offset by strong conversion rates.
Walmart Building More Than A Marketplace for Sellers
Company leaders outlined category expansions, multichannel fulfillment and new features that Walmart believes will simplify selling across markets to the thousands of sellers attending its “Let’s Grow” 2024 Marketplace Summit on August 27.
EXEC: Foot Locker Gives Q2 Nod to Nike in Basketball, Adidas and New Balance in Lifestyle
North America overall comps were up 1.7 percent for the quarter, led by Foot Locker North America, which delivered a comp increase of 5.9 percent.
EXEC: Wall Street Reacts as Foot Locker CEO Talks Turnaround Plan and Positive Q2 Comps
FL shares have been on a bit a roll, with the stock up 24 percent in the last month and 42 percent over a three-month period, but the Q2 results weren’t positive enough to build on that momentum as FL shares fell in double digits on Wednesday.
Apparel Group Continues Expansion, Opens 100 New Stores in First Half
Representing globally recognized brands, including Steve Madden, Skechers, Asics, and Levi’s, to name a few, Apparel Group has a strong footprint in key markets, including India, Bahrain, the UAE, Oman, and Saudi Arabia.
Milliken & Company Names Textile Business President
Jacoby has full operational responsibility for Milliken’s product portfolio as EVP and president of its textile business. He succeeds David Smith who is retiring after 45 years of working for Milliken.
Kohl’s Corporation Ups Full Year Earnings Outlook After Q2 Earnings Beat
The retailer saw net sales decrease 4.2 percent year-over-year, with comparable sales down 5.1 percent year-over-year, but it also posted a 13 percent increase in earnings driven by GM expansion and strong inventory and expense management.
EXEC: Foot Locker Exiting New York for Sunnier Environs; Shakes Up Europe and Asia Model
Foot Locker Inc. is pulling up stakes in New York City and moving to St. Petersburg, FL in 2025. The company plans to maintain only a limited presence in New York City going forward.
Foot Locker Inc. Sees Core Foot Locker Banner Comps Grow 5.2 Percent in Q2
Comparable sales increased by 2.6 percent for the quarter, led by 5.2 percent growth in global Foot Locker and Kids Foot Locker comparable sales. The second-quarter net loss was $12 million, compared to a $5 million net loss in Q2 last year.
EXEC: Sports Direct Parent Invests in Australian Sportstyle Retailer
Frasers Group plc, the parent of the UK-based retailer Sports Direct, has acquired a 14.65 percent strategic investment in Accent Group Ltd., a retailer in the performance and lifestyle market in Australia and New Zealand.
Puma Promotes Indy Sen to SVP Puma Group Sourcing
Sen assumes the operational responsibilities of the chief sourcing officer, replacing Anne-Laure Descours, who is not extending her board contract and will instead support Puma as an external sustainability advisor.
PVH Corp. Raises Full Year EPS Guidance after Q2 Earnings Beat
The parent of the Tommy Hilfiger and Calvin Klein brands reported it drove substantial gross margin and operating margin expansion in Q2 and reaffirmed revenue and non-GAAP operating margin guidance, reflecting disciplined execution of the PVH+ Plan.
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