Oxford Industries, Inc., the parent company of Tommy Bahama, Lilly Pulitzer and Johnny Was, continued progress on long-term strategic goals in Q2, but the company also said it fell short of delivering on its near-term financial targets.
Category: Apparel
Pura Vida Opens Retail Store Near Disney World
The retailer continues its Florida-focused brick-and-mortar expansion with the Pura Vida Disney Springs Town Center store, which will mark its seventh storefront and second in Florida.
Rural King to Open New Store in Conover, NC
The Conover store will host a grand opening from September 20-22. The retailer sells a wide variety of premium brands, including Carhartt, Blackstone, Big Green Egg, Ariat, Under Armour, Black Rifle Coffee Company, Walnut Creek Foods and Henry Rifles.
Classic Football Shirts Adds to Investor Pool; Plans New LA Store in World Cup Run-Up
The company said it had seen an accelerated annual growth rate since an earlier investment from The Chernin Group, including in the U.S., which is its fastest-growing market, at greater than 100 percent annually.
Macy’s Launches Mode of One Contemporary Menswear Brand
The Mode of One collection has over 140 SKUs, designed to be mixed and matched in sizes from S-XXL and 30-40. New monthly drops for Mode of One will start in October and run throughout the holiday season.
Report: Second Quarter U.S. E-commerce Sales Outpaced Total Retail Trend
The Census Bureau of the Department of Commerce reported that the second quarter of 2024 e-commerce estimate increased 6.7 percent (±1.2) from the second quarter of 2023, while total retail sales increased 2.1 percent (±0.4) in the same period.
Terez Launches Partnership and Collection with the NBA
The activewear and ready-to-wear company for women and girls will launch a collection for the 2024/25 NBA season on October 11 for the female demographic.
Delta Galil Industries Appoints New CFO
Yaniv Benedek brings global experience across due diligence, mergers and acquisitions, strategic business development, and the establishment of new business initiatives to his new role.
Ross Stores Inc. Makes Merchandising Leadership Changes
The retailer promoted Karen Fleming to president and CMO at Ross Dress for Less and Karen Sykes to president and CMO at DD’s Discounts, effective December 1.
EXEC: Academy Shares Get Lift as Positive Comps Returned in August
With some major negative events behind it, Academy looks to new store growth as the primary sales driver. The stores opened in 2022 are all comping postive despite the challenging economic backdrop and remain pleased with the 2023 and 2024 new stores.
Hockey: Faster Than Ever to Open at The Henry Ford
Hockey: Faster Than Ever, an interactive traveling exhibition on ice hockey’s science, history and culture, will open at The Henry Ford on October 13 through January 5.
Gold’s Gym Builds Out Existing Markets with Summer 2024 New Gym Openings
By the end of 2024, Gold’s will have opened eight new U.S. gyms, including in Milpitas, CA; Thornton, CO; Silver Spring, MD; and New Bern, NC. The brand also has franchise agreements to grow in Long Island, NY; Miami, Fl; and San Jose, CA.
EXEC: Backcountry Sold as TSG Closes Deal with CSC Generation Enterprise
CSC acquired the company from TSG Consumer Partners, which acquired the business in July 2015. CSC also owns the Sur La Table, One Kings Lane, Touch of Modern, DirectBuy retail brands, in addition to others.
Nate Smith Named CEO of Huk and Nomad Outdoor Parent
Smith brings 20 years of executive leadership experience working for consumer-branded omnichannel organizations in apparel, footwear and accessories. He has held senior executive roles at Patagonia and Oakley and, most recently, was president at Boardriders,
Academy Sports and Outdoors Cuts Guidance After Dismal Q2 Results
Sales for the second quarter were said to be more challenging than expected, impacted by a tough economy, a temporary DC backlog related to going live with a new warehouse management system and by a very active storm season across key portions of the retailer’s footprint.
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