Grassroots Outdoor Alliance has hired Gabe Maier as president. Maier has worked with the GOA for six years, including two years as a business analyst and four years as vice president). Most recently, he was the director of business development for BrandKeep.
Category: Apparel
Moody’s Outlook For U.S. Retail And Apparel Industry Cut To Negative
Moody’s Investors Service has lowered its outlook from stable to negative for the US retail and apparel industry. The rating agency said inflation, geopolitical risks, supply chain challenges and falling demand point to broad profit declines, and operating margins will erode across every subsector.
Stitch Fix Appoints Chief Marketing Officer
Stitch Fix, Inc. announced Debbie Rose Woloshin is joining the company as chief marketing officer. Woloshin was previously the chief marketing officer at Marc Jacobs.
Cotopaxi Appoints President
Cotopaxi announced it appointed Damien Huang as president of the company reporting to CEO and Founder Davis Smith. Huang was, most recently, CEO of Eddie Bauer.
Puma Opens Virtual Place On Roblox
Puma launched a sports-based experience on Roblox, the online gaming platform where participants compete in mini-games and training activities.
Belk’s President Named Interim Chief Executive Officer
Belk announced that president Don Hendricks had been appointed interim chief executive officer. Hendricks replaces Nir Patel, who left the company to join GameStop as chief operating officer.
Woolrich Sees 22 Percent Growth In 2021
Woolrich, acquired by Luxembourg private equity fund L-Gam in 2018, saw sales rise 22 percent sales in 2021, due mainly to investments in expanding direct-to-consumer sales, according to a report from WWD.
Rally House Opens Additional Store In Indianapolis
Rally House opened a new store in Plainfield, IN, joining several locations in the Indianapolis area.
Foot Locker Beats Earnings Targets In First Quarter
Foot Locker reported first-quarter results declined against challenging year-ago comparisons but earnings topped Wall Street estimates. Foot Locker now expects earnings and sales for the year to arrive at the upper end of revenue and earnings guidance.
Ross Stores Lower Annual Guidance
Ross Stores, Inc. reduced its guidance for sales and earnings in the full year due to a shortfall in same-store sales in the first quarter.
Deckers Brands Q4 Blows Past Wall Street Targets
Deckers Brands reported earnings vaulted 106 percent in the fiscal fourth quarter ended March 31 as sales gained 31.2 percent. Sales gained 24.7 for Ugg and 59.7 percent for Hoka One One. Sales for the year grew 24 percent and the company guided FY23 growth to be in the range of 10 percent to 11 percent.
VF Corp.’s Fourth Quarter Boosted by The North Face
VF Corp. reported sales rose 12 percent on a currency-neutral basis in the fiscal fourth quarter ended April 2 with sales ahead 24 percent for The North Face and 2 percent for Vans. Earnings per share were ahead 67 percent with both earnings and sales in line with Wall Street targets. For the current fiscal year, VF’s revenue is expected to climb at least 7 percent in constant dollars with low double-digit growth at The North Face and mid-single-digit growth at Vans.
Canada Goose Posts Surprise Profit In Fiscal Fourth Quarter
Canada Goose Holdings Inc forecast annual earnings and revenue above Wall Street expectations after reporting a surprise fiscal fourth-quarter profit.
Kohl’s Q1 Falls Far Short Of Earnings Expectations
Kohl’s reported earnings in the first quarter came in well below Wall Street’s targets as same-store sales fell 5.2 percent. The retailer significantly lowered its guidance for the year.
Senior Executives Step Down From Kohl’s
Kohl’s Corp. announced in a regulatory filing Wednesday that Chief Marketing Officer Greg Revelle is departing in June and Chief Merchandising Officer Doug Howe will leave immediately.
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