Funko Inc. announced that it is now selling Pop! NBA figurines at Foot Locker. The Pop! players available include James Harden, Joel Embiid, Giannis Antetokounmpo, Kristaps Porzingis, and LeBron James, in an exclusive Los Angeles Lakers gold Icon Edition jersey.
Category: Apparel
MEC To Open In Saskatchewan
MEC, the outdoor co-up based in Vancouver, will open a new 20,000 square-foot store in Saskatoon in spring 2020, the Co-op’s first retail location in Saskatchewan.
North Face Amps Up Engagement And Storytelling In Williamsburg Concept Store
In a walk-through of North Face’s new Protoype concept in Williamsburg, Mark Parker, the brand’s VP of direct to consumer (DTC), said the store showcases North Face’s expansive lifestyle offerings, puts a major focus on community engagement and will serve as a testing lab for future retail ideas. Said Parker, “This is a place where we’re going to play and learn.”
Foot Locker Offers Upbeat Holiday View On Robust Q3
Foot Locker Inc. reported third-quarter earnings rose 9 percent before special items due to improved margins and a 2.9 percent gain in same-store sales. Earnings topped Wall Street’s average target by 3 cents. Dick Johnson, CEO, said the company is “well positioned to produce even stronger results in the all-important holiday selling season and the fourth quarter overall.”
Kohl’s Sees Q3 Comps In Active Segment Jump 10 Percent
The Active segment for Kohl’s, which has grown to represent about 20 percent of the retailer’s mix, saw comps climb 10 percent in the third quarter and Kohl’s officials believes the chain is increasingly being perceived as a go-to place for active apparel. Shares slipped on a weak guidance for the fourth quarter.
VF Corporation Appoints Todd Dalhausser As Altra Brand President
VF Corp. on Tuesday announced the appointment of Todd Dalhausser to the position of brand president, Altra, effective immediately. He will report to Steve Murray, vice president, strategic products.
TJX Shares Slip On Q3 Gross Margin Dip, Earnings Miss
Shares of The TJX Cos. fell $2.14, or 4.4 percent, Tuesday as increased freight costs and supply chain expenses offset the company’s strong expense leverage in the third quarter, dropping gross margin 90 bps to 28.9 percent.
The North Face Signs Lease In Mexico City
The North Face has signed a long-term lease at Town Square Metepec, a new lifestyle retail and entertainment center in Mexico City totaling 1.7 million square feet, according to real estate company Thor Equities Group.
Kohl’s Lifts Guidance On Improved Q3
Kohl’s Inc. raised its guidance for the year after reporting third-quarter results topped Wall Street’s targets. Earnings in the third quarter rose 38 percent as comps grew 2.5 percent.
TJX’s Q3 Disappoints With Holiday Guidance
The TJX Companies Inc. reported third-quarter earnings improved as comps grew a stronger-than-expected 7 percent but earnings came in lower than Wall Street’s targets and the off-price retail giant gave weak guidance for the holiday quarter.
Former Louisville Recruit Brian Bowen Sues Adidas
A law firm filed a federal suit on behalf of Brian Bowen, former Louisville and South Carolina basketball recruit, against Adidas, alleging “violations of the Racketeer Influenced and Corrupt Organizations (RICO) Act.”
Nike Inc. Appoints John Rogers To Board
Nike Inc. announced John W. Rogers, Jr. has been appointed to the company’s board of directors. Rogers, 60, is founder, chairman, CEO and chief investment officer of Ariel Investments LLC.
Urban Outfitters Beats Earnings & Sales Expectations
Urban Outfitters Inc. on Monday announced net income of $78 million and $212 million for the three and nine months ended October 31, 2018, respectively. Earnings per diluted share were 70 cents—beating estimates by 7 cents—and $1.92 for the three and nine months ended October 31, 2018, respectively.
OBIT: James Laux, Laux Sporting Goods
James Laux, the former president of Laux Sporting Goods with two stores in Western New York, has passed away at the age of 90, according to The Buffalo News.
The North Face Announces Giving Back Initiatives
As the temperatures drop across the U.S., The North Face is ramping up how it gives back to its community of explorers in two major ways—the Explore Fund and a $250,000 Move Mountains grant created in memory of a long-time leader at The North Face, Ann Krcik.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal