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.
Category: Apparel
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.
SGB Executive Q&A: Progression Brands Group’s Ian Widmer
Ian Widmer, the founder of Progression Brands Group (PBG) talked to SGB about his company’s unique hybrid equity/management investment structure, the boutique’s investment criteria and the opportunities and challenges facing emering brands in today’s marketplace.
TJX Raises Full-Year Guidance On Strong Q2
Apparel and home fashions retailer The TJX Cos. Inc. raised the company’s full-year guidance after reporting net sales for the second quarter ended August 4 increased 12 percent to $9.3 billion. Consolidated comparable store sales increased 6 percent over the comparable period last year ending August 5, 2017.
Under Armour Introduces UA Sportstyle Category With Collaborations
Under Armour launched a new UA Sportstyle category through collaboration with a global team of “Pioneers” who will hold a series of forums designed to empower communities.
Kohl’s Q2 Earnings Vault 40 Percent
Kohl’s Corp., reported net earnings in the second quarter ended August 4 rose 40 percent on a 3.1 percent comp gain and 42 basis points improvement in gross margins. The department store operator lifted the company’s guidance for the year.
Industry Rallies Against Proposed Tariffs On China-Made Goods
Officials from the Sports & Fitness Industry Association (SFIA) and Outdoor Industry Association (OIA) testified in strong opposition to proposed tariffs on Chinese-made sports, fitness and outdoor products. The officials stated that the proposed tariffs would likely raise prices for consumers and lead to job losses while also stressing how essential sports and outdoor products are in supporting healthy and active lifestyles.
Adidas Partners With Twitter To Live Stream Football Games
Adidas and Twitter announced ‘Friday Night Stripes’–the first-ever live streaming series of high school football games on Twitter.
Luxury Online Marketplace Farfetch To Go Public
London-based luxury online marketplace Farfetch filed for an IPO on Monday and plans to list on the New York Stock Exchange under the ticker FTCH.
Analyst Sees Nike Taking Share From Adidas And Others
Susquehanna Financial analyst Sam Poser raised his rating and price target on Nike Inc. as channel checks show that the brand is gaining share from Adidas and others at athletic specialty retailers such as Foot Locker, Finish Line and Hibbett, and is also gaining share within the family footwear channel. Piper Jaffray also upgraded the stock.
Retail Reports Roundup
Studies arrived last week on consumers placing a higher priority on newness, online cart abandonment challenges, digital marketing’s effectiveness, strapped consumers and stores associate bonds helping deter shoplifting.
L.L.Bean Exec Joins Furniture Maker
Brad Kauffman, SVP of business transformation and strategy at L.L. Bean, has joined Thos. Moser, maker of handcrafted American furniture, as the company’s new chief revenue officer.
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