Second-quarter comparable store sales were reported to be strongest in North America, with 5.7 percent comp sales growth year-over-year. The region also led in organic sales growth.
Category: Apparel
Good Read: “Look Good, Feel Good, Play Good: Nike Apparel”
“Look Good, Feel Good, Play Good: Nike Apparel” charts a visual history of women’s sportswear and the key role Nike has played in advancing women’s sports over the last 50 years.
EXEC: Wilson Sports Returns to Growth in Q2, but Sees Bigger Gains Ahead
The CEO of parent company Amer Sports said Wilson tennis and Wilson China had a big moment recently during the Summer Olympics when Qinwen Zheng won Gold playing with her Wilson racquet.
Target Corp. Ups Full Year EPS Guide After Retailer Returns to Growth in Q2
Based on strong profit performance in the front half of the year, the company said it now expects full-year GAAP and Adjusted EPS of $9.00 to $9.70 per share, up from the prior range of $8.60 to $9.60 per share.
Foot Locker to Re-Open 34th Street Store in NYC with New Concept
The Foot Locker ‘Home Court’ concept was developed in partnership with Nike and Jordan Brand and also features brand partners, including Adidas, Puma, New Balance, Under Armour, and more.
TJ Maxx Parent Adds Four Doors to Sierra Count, Invests in GCC Retail Brand
TJX is taking a 35 percent stake in Brands for Less, which is currently located in the Gulf Cooperation Council (GCC) area. Based in Dubai, it is the region’s only major off-price branded apparel, toys, and home fashions retailer.
Macy’s, Inc. Swings to Q2 Profit But Lowers Guidance on Consumer Caution
Macy’s, Inc. reported it updated its annual outlook to reflect a more discriminating consumer and heightened promotional environment relative to its prior expectations.
EXEC: Salomon Sees North America Q2 Wholesale Cut into 55 Percent Jump in Global DTC
Amer opened 27 Salomon shops in Q2 in Greater China, bringing the total count for the brand to 136 doors. Wholesale sales declined slightly for the quarter, negatively impacted by slower pre-orders in the North America sporting goods and ski channels, which increasingly relies on replenishment orders.
Nordstrom to Open New Rack Store in Arizona
Nordstrom will open a new 26,000-square-foot Nordstrom Rack store in Surprise, AZ, in fall 2025, in Prasada North, a shopping center with Target and Starbucks owned and managed by SimonCre.
EXEC: Arc’Teryx Was Still Firing on All Cylinders in Q2 as DTC Led the Way
Technical Apparel segment growth was fueled by 39 percent DTC expansion, including a 26 percent omni-comp result, which was considered “a great result” as it had to comp against an 80 percent omni-comp last year in the second quarter.
Unified Commerce Group Acquires Greats Brand, Invests in Retailer Böhme
Greats, founded in 2014 in Brooklyn, NY, is known for its direct-to-consumer footwear model. It now becomes the third brand in UCG’s portfolio. The company also reported investing in Utah-based womenswear retailer Böhme, founded in 2006 by Vivien and Fernanda Böhme.
President of the Fashion Institute of Technology to Depart
FIT President Dr. Joyce Brown will step down at the end of the 2024/25 academic school year, concluding nearly 26 years of service to the institution.
Scott Sports Appoints Co-CEOs and Expands Executive Leadership Team
Juwon Kim and Pascal Ducrot were hired to new roles as co-CEOs of Scott Sports and added as members of its executive leadership team.
Nike’s Licensee for Kids Apparel, Haddad Brands, Adding Abercrombie Kids to Portfolio
A&F said Haddad Brands, which has the children’s apparel license for Converse, Hurley, Jordan, and Nike in the active lifestyle space, is “uniquely positioned to support the brand’s long-term growth.”
Iron Valley Supply Promotes Jacob Ring to Director of Product Management
Previously, as a key member of the company’s purchasing department, Ring managed over 5,000 products across 50 product lines, demonstrating exceptional organizational skills and strategic insight.
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