Sportsman’s Warehouse Holdings reported adjusted earnings in the second quarter ended August 4 rose 18.2 percent, thanks to 6.2 percent top-line growth and reduced debt and tax expenses. Earnings were a penny above expectations while sales were at the top-end of guidance.
Category: Apparel
Under Armour’s Collaboration with “The Rock” Tops List Of Best-Matched Celebrity Endorsements
Wrestler-turned-actor Dwayne Johnson’s endorsement deal with Under Armour earned top ranking among best-matched celebrity-brand partnerships in the fashion and retail sectors, according to a study from Spotted. Also ranking high was Crocs’ partnership with Drew Barrymore, Under Armour and Steph Curry, Reebok and Gal Gadot, Adidas and Lionel Messi, Asics and Novak Djokovic and Marmot and Nick Offerman.
AAFA Again Urges Swift Resolution To Tariff Dispute
At the public hearings being held this week in Washington, D.C. over the latest round of proposed tariffs, the The American Apparel & Footwear Association (AAFA) reiterated the association’s call for a swift resolution and warned any additional tariffs would harm U.S. workers, companies, consumers and communities.
Nike Closes Stores In South Africa After Backlash Over Racist Video
Several Nike stores in South Africa have been closed after the online circulation of a video featuring an employee’s husband making racist remarks, according to a report from Reuters.
The Storyteller: Joe Prebich Outlines Vision For Mammut North America
Joe Prebich, who was appointed CEO and managing director of Mammut North America in April, spoke with SGB at length about the company’s ambitious plans to grow the 156-year-old, Switzerland-based apparel and gear brand’s presence on this side of the Atlantic.
Urban Outfitters Boosted By Macro Fashion Shift
Riding a strong fashion cycle, Urban Outfitters Inc. reported second-quarter profits rose 85.9 percent to $92.8 million, or 84 cents a share exceeding Wall Street’s consensus estimate of 77 cents. Company officials said a changing fashion silhouette is encouraging consumers to replace their wardrobe closets.
Urban Outfitters’ Profits Soar In Q2
Boosted by a 13 percent hike in comparable store sales, Urban Outfitters Inc. reported second-quarter profits rose 85.9 percent to $92.8 million, or 84 cents a share, exceeding Wall Street’s consensus estimate of 77 cents.
Champion Athleticwear Debuts New Retail Store In New York City
Athletic apparel company Champion Athleticwear has expanded the company’s retail footprint with a second U.S. retail specialty store opening in New York City, at 434 Broadway.
REI Co-Op Extends Used Gear Digital Platform
REI Co-op is reaffirming the company’s commitment to sustainable, affordable pre-loved gear for customers, with a refreshed used gear website featuring new brands and more product categories available for purchase and a series of member-to-member gear swaps and a team of employees dedicated to getting lightly used products in the hands of more customers.
Target Scores Best Quarterly Comp In 13 Years
Target Corp. reported second-quarter earnings that topped Wall Street’s targets on comparable sales growth of 6.5 percent and traffic growth of 6.4 percent. The discount giant lifted its guidance for the year.
Gander Outdoors Sets Grand Opening In Plattsburgh, NY
Gander Outdoors, formerly known as Gander Mountain, is now open in Plattsburgh, NY. A grand opening event is planned for Saturday, August 25, 2018 at 60 Smithfield Boulevard. The 43,000-square-foot location is one of five facilities in the state.
TJX Cos. Finding Off-Price Formula Appealing To Youth
Finding younger consumers being drawn to the company’s deal-driven, treasure hunt experience, TJX Cos. raised the company’s full-year forecast after reporting second-quarter results that handily topped Wall Street’s targets.
Nike, Adidas & Under Armour All Deliver For Kohl’s In Q2
Kohl’s Corp.’s trusty trio of active brands—Nike, Adidas and Under Armour—delivered solid sales in the second quarter, helping the department store top analysts’ earnings and revenue estimates as the company also raised guidance for fiscal 2018.
J.C. Penney Launching Shaquille O’Neal Big & Tall Line
Building on the company’s partnership with NBA legend and television personality Shaquille “Shaq” O’Neal, J.C. Penney is unveiling an all-new, exclusive big & tall brand, Shaquille O’Neal XLG.
Nike Criticized For Selling ‘Menacing’ Balaclava
Nike Inc. has been taking a lot of heat on social media for selling a black balaclava that looks “menacing” and could incite gang violence, according to critics.
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