Columbia Sportswear Company announced that Andrew Burns has joined the company as director of investor relations and competitive intelligence.
Category: Apparel
Volcom Appoints Men’s Design Director
Volcom announced the promotion of Jeffrey James “JJ” Gonzales to the role of global men’s design director.
Under Armour Extends Partnership With Towson University
Towson University in Maryland and Under Armour Inc. announced a continued partnership agreement.
Big 5 Faces Disgruntled Shareholders Again
A group of investors reportedly sent a letter to Big Five Sporting Goods’ board of directors on May 7 asserting the sporting good chain’s shares are “undervalued and represent an attractive investment opportunity,” according to a press release from the law firm Johnson Fistel.
Sport Chek Opens Kids-Only Concept
Sport Chek has opened the company’s first location focused exclusively on kids, according to retail-insider.com.
Shiekh Shoes To Shrink Significantly As Part of Bankruptcy Exit Plan
As part of the company’s plan to exit bankruptcy proceedings, Shiekh Shoes expects to be operating only 44 stores at the close of 2019, down from 125 when the company first filed for bankruptcy in November. The plan also features minimal payback for trade creditors, expect for Nike.
Lululemon Delivers Blowout Q1
Lululemon Athletica Inc. reported first-quarter earnings vaulted 140 percent in the first quarter, riding a 20 percent comp gain driven by online sales and a 370 basis-point improvement in gross margin. The retailer’s full-year outlook was lifted as results easily beat internal guidance.
Golf Sales Fuel Perry Ellis In Q1 Despite Sport’s Softness
Golf rounds might have been down in the double digits for April as they have been for a few months now, but softness in the sport’s participation had no bearing on Perry Ellis International’s golf sales in the first quarter. The company saw total revenues rise 5.4 percent behind the strength of golf apparel.
Tilly’s Shares Surge On Q1 Earnings Beat
Shares of Tilly’s Inc. rose $1.55, or 12.7 percent, to 13.76 Thursday after the action-sports themed retailer reported first-quarter earnings that exceeded internal guidance on improving store traffic and indicated the technical issues that had been derailing e-commerce operations are abating.
PVH Corp. Posts Q1 Income, Revenue Increases
PVH Corp., parent of Tommy Hilfiger, Calvin Klein and Heritage Brands, reported earnings for the first quarter ended May 6 of $179.4 million, or $2.29 per share, up from $70.4 million, or $0.89 per share, in the year-ago quarter.
Canada Goose Announces Strategy For Long-Term Growth In China
Canada Goose announced the company’s expansion plans for Greater China, including establishing a regional head office in Shanghai and a partnership with Alibaba, as well as appointing Scott Cameron as president, Greater China.
Sears To Close 72 More Stores
Sears Holdings said the company will be closing more than 70 additional stores in 2018 as its sales continue to erode.
Perry Ellis’ Q1 Sales Climb 5.4 Percent
Perry Ellis International reported sales rose 5.4 percent in the first quarter, fueled by growth in Golf and Nike Swim and a high-single digit increase in the direct-to-consumer channel sales.
Father’s Day Spending To Reach Near-Record $15.3 Billion
A total of 77 percent of Americans will celebrate Father’s Day and spend an average of $133 per person, according to a study released by the National Retail Federation and Prosper Insights & Analytics.
Adidas Replaces Nike As Nevada Sponsor
The University of Nevada and Adidas announced a multi-year partnership in which Adidas will be the official athletic footwear, apparel and accessory brand of the Wolf Pack. Nevada has been with Nike.
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