Dick’s Sporting Goods, Inc. reported fourth-quarter earnings nearly doubled year-over-year on an adjusted basis as sales ran up 19.6 percent. At the mid-point of its expected range, Dick’s sees sales in 2021 climbing 2 percent from 2020 and 11 percent versus 2019.
Category: Apparel
Court Finds For Cocona In Patent Infringement Case Versus The North Face
Cocona Labs said it has prevailed in a patent infringement case brought against The North Face (TNF). Cocona said the United States Court of Appeals for the Federal Circuit on March 4 affirmed the validity of key claims of its patent.
Boathouse To Enter Quebec With Stores
Casual youthful multi-brand Canadian fashion retailer Boathouse will expand into the Quebec market this year for the first time. A lease has been signed to open a Boathouse store at the Promenades Gatineau near Ottawa in a space most recently occupied by Le Chateau.
Ross Stores To Open 60 New Locations In 2021
Ross Stores recently opened four Ross Dress for Less and three dd’s Discounts stores across five different states in February and March. These new locations are part of the company’s plans to add approximately 60 new stores – 40 Ross and 20 dd’s Discounts locations – during fiscal 2021.
Hyperlite Mountain Gear Finds Equity Investor
Hyperlite Mountain Gear Inc., based in Biddeford, ME, has secured an investment from T-street Capital, LLC.
Inov-8 Relaunches Under Original Founder
Inov-8 founder Wayne Edy quietly bought back the footwear company from Descente last year and is planning a relaunch with a new running shoe for trail and ultramarathon runners.
Saks Fifth Avenue Stores And E-Commerce To Become Separate Companies
The Hudson’s Bay Company, owners of Saks Fifth Avenue, signed a deal to sell a minority stake in Saks Fifth Avenue’s e-commerce business and turn it into a separate company.
Foot Locker Appoints Creative Director, Women’s Business
Foot Locker announced Melody Ehsani as creative director of its women’s business. The LA founder of the ME. streetwear brand will design a quarterly apparel capsule collection and curate an on-going selection of Nike and Jordan products.
Mastercard: U.S. Retail Sales Grew 4.6 Percent In February
U.S. retail sales climbed 4.6 percent in February after adjusting for the fact that 2020 was a leap year, according to data from Mastercard’s SpendingPulse.
Original Penguin Welcomes PGA Tour Winner To Tour Staff
Original Penguin Golf, a division of Perry Ellis International, announces the signing of PGA Tour winner Danny Lee as a brand ambassador. Lee will make his debut this week in Orlando, FL wearing OPG’s Spring 2021 collection.
Compass Diversified Expands Debt Offering
Compass Diversified increased its offering of senior unsecured notes due 2029 to $1 billion from $750 million. The 5.25 percent notes will be the company’s senior unsecured obligations.
HanesBrands Names General Counsel, Corporate Secretary And Chief Compliance Officer
HanesBrands announced that Tracy Preston has been named general counsel, corporate secretary and chief compliance officer, effective March 29, 2021.
Hibbett Sports Fourth Quarter Earnings Surge
Profits at Hibbett Sports Inc. catapulted 168 percent in the fourth quarter ended January 30 as same-store sales ran up 21.9 percent. Mike Longo, president and chief executive officer, said in a statement, “The strong momentum that we experienced in our business in the second and third quarters continued in the fourth quarter.”
Athleta’s Comps Climb 26 Percent In Q4
Gap Inc. said Athleta’s sales increased 29 percent in the fourth quarter with comparable sales up 26 percent. Gap said it plans to open 20 to 30 Athleta stores in fiscal 2021.
Reebok Appoints VP Of Apparel
Reebok announced the appointment of Portia Blunt to vice president, apparel. Blunt most recently served as director of apparel operations at New Balance.
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