The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended May 28, 2022 increased 5.3 percent from comparable store net sales for the 4-week period ended May 29, 2021.
Category: Apparel
Duluth Holdings Q1 Profits Boosted By Margin Gains
Duluth Holdings, Inc. reported earnings before non-recurring items more than doubled in the fiscal first quarter ended May 1 as strong improvements in gross margins offset a slight decline in sales. The parent of Duluth Trading reaffirmed its guidance for the year.
NSGA Adds New Board Members
The National Sporting Goods Association (NSGA) made two changes to its Board of Directors with the appointments of Troy M. Freeman of Winmark Corporation/Play It Again Sports and John Scipio of SV Sports. Their three-year terms took effect on June 1.
Farfetch Completes Minority Investment In Neiman Marcus Group
Online luxury platform Farfetch has closed a $200 million common equity minority investment in US-based integrated luxury retailer Neiman Marcus Group (NMG).
Levi Strauss Introduces Plan To Accelerate Growth
At its Investor Day, Wednesday, Levi Strauss & Co. set a goal to reach 2027 net revenue of $9 billion to $10 billion, reflecting 6 percent to 8 percent organic annual growth. The forecast marks an acceleration from its former annual growth rate in the range of 4 percent to 6 percent.
Foot Locker Appoints Chief Strategy & Transformation Officer
Foot Locker, Inc. has appointed Neil Bansal as Executive Vice President and Chief Strategy & Transformation Officer, effective immediately. He joins the company from Constellation Brands, where he was senior vice president, strategy, insights and analytics.
Polygiene Appoints COO
Polygiene Group appointed Frank Stevens as chief operating officer for the company. His most recent position was as general manager of Textiles for Sciessent, LLC in the United States, where he worked for more than ten years.
Foot Locker’s Debt Ratings Affirmed By S&P
S&P Global Ratings affirmed all its ratings, including its ‘BB+’ issuer credit rating, on Foot Locker following a review.
Wolverine World Wide’s Debt Rating Outlook Revised To Negative
S&P Global Ratings revised its outlook on Wolverine World Wide, Inc. to negative from stable due to an expected increase in leverage due to environmental legal settlement charges and share repurchases. S&P at the same time affirmed all of its ratings, including its ‘BB’ issuer-credit rating.
Hanesbrands Discloses Ransomware Attack
Hanesbrands, the parent of Champion, has disclosed a ransomware attack. The company identified the incident on May 24 and activated its business continuity plans accordingly.
Sportsman’s Warehouse Fiscal Q1 Profits Contract as Comps Shrink 11.6 Percent
Sportsman’s Warehouse Holdings, Inc. reported that fiscal first-quarter net sales were $309.5 million for the 13-week period ended April 30, 2022, a decrease of 5.3 percent compared to the $327.0 million year-ago period. Adjusted diluted earnings per share were 5 cents compared to adjusted diluted earnings per share of 28 cents for the comparable 2021 quarter.
Asics Offers Meal Delivery Service To U.S. Running Community
Asics is offering a prepared meal delivery service in the U.S. with Freshly to help runners optimize performance and recovery.
Wilson Opens Second Store In New York City
Wilson Sporting Goods opened its second retail store in New York City. The store is located on the Upper East Side of Manhattan.
Camping World To Expand In Eleven Markets By End Of 2022
Camping World Holdings, Inc. announced plans for the continued expansion of its RV sales and service network through the completion of eleven new dealership locations in seven states by the end of 2022. This comes following the company’s acquisition of Richardson’s RV Centers in California announced last week.
Foot Locker’s EVP, Chief Strategy And Corporate Development Officer To Exit
Foot Locker, Inc. reported in a regulatory filing that W. Scott Martin, formerly EVP, chief strategy and corporate development officer, has left the role on May 24 and will depart from the company on June 23.
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