Ross Stores reported net earnings in the second quarter rose 22.7 percent as same-store sales grew 5 precent. The off-pricer also increased its long-term store growth potential.
Category: Apparel
The Buckle’s Earnings Climb
The Buckle Inc. reported net income improved 36.5 percent to $15.7 million, or 32 cents per share, compared with $11.5 million, or 24 cents, for the second quarter of fiscal 2017.
Unifi Championed Recycling At The Wyndham Championship
Unifi and the Wyndham Championship raised awareness around the importance of plastic recycling during the 79th annual Wyndham Championship in Greensboro, NC, on August 13-19.
Adidas And Billie Jean King Launch ‘Here To Create Change’ Campaign
Unveiling research that shows that less than 1 in 3 girls continue to play sport after school, Adidas kicked off Here to Create Change, which commits to breaking down the barriers that see nearly 1.7 million potential female athletes quit playing in NYC alone.
Fabletics Founder Kate Hudson Partners With New York & Company
New York & Company Inc. announced a partnership with Kate Hudson, the award-winning actress and co-founder of Fabletics.
L.L. Bean Makes Multi-Million-Dollar Commitment To National Parks
L.L. Bean is extending its support of the national parks community with a multi-year, $3 million premier partnership with the National Park Foundation for the Find Your Park/Encuentra Tu Parque movement.
Hibbett Sports Shares Tumble 30 Percent After Q2 Miss
Shares of Hibbett Sports Inc. plummeted $8.88, or 30.2 percent, to $20.53 Friday after the company earlier in the day announced a second-quarter loss—Wall Street had expected a profit—and lowered guidance for the rest of 2018.
Foot Locker Not Yet Feeling Nike’s Resurgence
Shares of Foot Locker Inc. fell $4.88, or 9.2 percent, to $48.32 Friday after the sneaker leader reported second-quarter comps that came in slightly below Wall Street’s expectations. Foot Locker officials also continue to expect meager gains in the back-half of the year despite the hype around Nike’s return to growth in North America.
Aisle Talk Week of August 20
Top headlines from the active lifestyle industry you may have missed this week, including 5.11 opening a new store in Reno, NV, as part of a nationwide brick-and-mortar retail expansion.
Athleta’s Momentum Continues In Q2
While the athleisure chain saw some softness in swim, Athleta again churned out strong results in the second quarter for Gap Inc. Art Peck, Gap Inc.’s president and CEO, on a conference call with analysts, said Athleta “delivered another market share gaining quarter and is progressing well against our billion dollar sales objective.”
Foot Locker’s Q2 Beats Street
Profits at Foot Locker Inc. jumped 72.5 percent in the second quarter, exceeding expectations. Same-store sales inched up 0.5 percent, improving from a decline of 2.8 percent seen in the first quarter, and stronger growth continues to be expected for the second half.
Hibbett Sports Lowers Full-Year Outlook On Soft Q2
Hibbett Sports narrowed the company’s loss in the second quarter as same-store sales grew 4.1 percent. Wall Street, however, was expecting a profit and the retailer lowered its guidance for the year.
Sears Holdings To Close 46 Stores
Sears Holdings plans to close another 46 unprofitable stores this year including 13 Kmart and 33 Sears stores.
U.S., China Escalate Trade War With New Round Of Tariffs
The United States and China went ahead with tariff hikes on billions of dollars of each other’s automobiles, factory machinery and other goods Thursday in an escalation of a battle over Beijing’s technology policy that companies worry will chill global economic growth.
Adidas Partners With Coahoma Community College
Adidas has signed a three-year sponsorship deal with Coahoma Community College in Clarksdale, MS.
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