Lands’ End Inc. reported earnings more than tripled in the second quarter ended July 30 as sales grew 23.1 percent.
Category: Apparel
U.S. Tennis Sales Surge In The First Half
New figures from The Tennis Industry Association and Sports Marketing Surveys show robust growth in U.S. tennis racquet, ball, and string sales in 2021.
Tilly’s Announces Record Quarterly Net Sales And Earnings
Tilly’s Inc. reported earnings nearly quadrupled in the second quarter ended August 1 as sales gained 49 percent.
Nordstrom’s Debt Ratings Lowered By Moody’s
Moody’s Investors Service downgraded Nordstrom Inc.’s debt ratings because its performance lagged the recovery demonstrated by many of its department store and off-price peers in 2021.
The Gap’s Debt Upgraded On Improving Operating Momentum; Outlook Positive
S&P Global Ratings raised its debt ratings on Gap Inc. reflecting improving operating performance, strengthening credit metrics, and supported by a favorable macroeconomic backdrop.
Duluth Holdings Q2 Sales Gain 9 Percent, Unveils Big Dam Blueprint Plan
Duluth Holdings Inc. reported earnings rose 52.5 percent in the second quarter ended August 1 as sales grew 8.6 percent. The apparel retailer also unveiled a new Big Dam Blueprint improvement program that follows the appointment of Sam Sato as CEO.
G-III Apparel’s Q2 Sales Vault 63 Percent
G-III Apparel Group, Ltd. raised its full-year guidance after reporting second-quarter sales and earnings topped expectations.
The Buckle’s August Comps Expand 43 Percent
Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 28, 2021, increased 42.7 percent year-over-year.
Moose Knuckles Appoints CEO
Canadian luxury outerwear and sportswear brand, Moose Knuckles, said Victor Luis has been appointed CEO.
Former Nike Football Head Joins Relo Metrics Board
Relo Metrics, the AI-powered sponsorship analytics platform formerly known as GumGum Sports, announced that Marc Reeves, former head of brand for football at Nike, has joined its Board.
Norrøna Invests In The U.S.; Adds Three Sales Agencies
Norrøna has strengthened its U.S. sales with the addition of agencies Summit Sales NW in the Pacific Northwest, Black Dog Sales Group in the Rocky Mountains and Intermountain West and Bluebird Sales Group in the Northeast.
Athleta Launches E-Commerce In Canada
Athleta, owned by Gap Inc., launched e-commerce in Canada. Athleta first announced its expansion into Canada in April as part of its growth plan to reach $2 billion in net sales by 2023.
Public Lands Announces Initial Conservation Partners
Public Lands, the outdoors-themed retailer from Dick’s Sporting Goods, announced the creation of The Public Lands Fund and partnerships with ten environmental nonprofit organizations.
Flip Raises $28 Million Series A Round
Flip, the Los Angeles-based social commerce app, announced that it closed a $28 million Series A round led by Streamlined Ventures, a Silicon Valley-based early-stage investment firm.
NPD Report: Equipment Sales In U.S. Sports Specialty Market Grow In First Half 2021
NPD Group reported that equipment sales at sports specialty retail grew by 23 percent in the first half of 2021, compared to the same pre-pandemic period in 2019.
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