PVH Corp. reported revenue for the second quarter increased 13 percent (increased 11 percent on a constant currency basis) compared to the prior year period and exceeded guidance.
Category: Apparel
Tilly’s Beats Income, Revenue Estimates In Q2
Tilly’s Inc. on Wednesday reported net income for the second quarter ended August 4 of $9.7 million, or 33 cents per diluted share, compared to a net loss of $0.6 million, or 2 cents per share, the same quarter a year ago.
CrossFit And Reebok Settle Licensing Dispute
While the details of the settlement remain confidential, the settlement includes a payment to CrossFit for disputed royalties. Reebok will continue its Crossfit partnership.
Nordstrom Announces Brad Smith As Chairman Of Board Of Directors
Seattle-based Nordstrom Inc. announced director Brad Smith will take on the additional role of chairman of the company’s board of directors, effective November 1.
Golf Rounds Played Slide In July
According to Golf Datatech, golf rounds played in the U.S. were down 1.6 percent in July.
Dick’s Q2 Misses Sales Estimates
Dick’s Sporting Goods reported a modest gain in profits that easily topped Wall Street’s targets, but sales came in lower than plans due to the company’s decision to exit some hunt and electronics categories and “significant declines” at Under Armour. Dick’s lifted earnings guidance but lowered the company’s comp guidance for the year.
Black Diamond Sends Walmart Cease And Desist Letter
Black Diamond Equipment, Ltd. sent Walmart a cease and desist notice in response to news Monday announcing the launch of a new outdoor website on Walmart.com curated by Moosejaw. In response, Wal-Mart in a statement said it feels the Premium Outdoor site will be a “really positive development” for the outdoor community and Wal-Mart and Moosejaw will continue to seek out brands that “share our commitment to driving a truly inclusive outdoor industry.”
Report: Adidas Close To Inking Mega Deal With Arsenal
Adidas is close to replacing Puma as the sponsor of Arsenal in a five-year deal valued at $385 million. The kit deal would rank at as the third biggest in soccer history.
Stio Ramps Up Hiring
Stio, the mountain lifestyle brand headquartered in Jackson Hole, WY, recently announced numerous new hires to support the company’s continued growth.
RYU Apparel Reports Robust Sales Gains In Q2
RYU Apparel Inc., creator of urban athletic apparel, reported sales of $114 million in the second quarter, 78 percent higher than the same period in 2017.
PVH Launches Izod In Europe
PVH Corp announced that it will be launching Izod in Europe this fall, starting in Spain, Germany, the Netherlands and Scandinavia.
Retailers Respond To Preliminary NAFTA Deal With Mexico
NRF President and CEO Matthew Shay said in a statement, “Coming to terms with Mexico is an encouraging sign, but threatening to pull out of the existing agreement is not.”
REI To Hold Instagram Contest Around HBO’s Camping Series
REI Co-op partnered with HBO to launch a nationwide Instagram contest, #CampingHBOContest, to celebrate the release of HBO’s new, original comedy series Camping, starring Jennifer Garner. Advance screening parties at will be held at three REI flagship stores across the country.
5.11 Tactical Appoints New CEO
5.11 Tactical announced today that Francisco Morales, co-founder and president of 5.11, has been appointed as the company’s chief executive officer, effective September 4. 5.11 also announced the appointment of Matt Hyde as executive chairman.
Moosejaw Brings Premium Outdoor To Walmart.com
In an interview with SGB Executive, Eoin Comerford, general manager of Outdoor, Walmart U.S. e-commerce and CEO of Moosejaw, said Wal-Mart’s “whole strategy” in acquiring several specialty e-tailers was to bring a “wider assortment” to the Walmart.com platform. A curated website distinct from the Moosejaw.com website was eventually seen as the best path for both businesses.
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