Macy’s Inc. reported third quarter 2017 earnings per diluted share of 12 cents, or 23 cents per share excluding restructuring and other costs and non-cash retirement plan settlement charges. This compares with 5 cents per share in the third quarter of 2016, or 17 cents excluding non-cash retirement plan settlement charges.
Category: Apparel
Kohl’s Earnings Slide In Q3
Kohl’s Corporation reported earnings fell 20 percent in the third quarter while same-store sales inched up 0.1 percent.
Cocona’s Patent Infringement Lawsuit Moving Forward
After various procedural delays related to motions filed by Columbia Sportswear, the United States District Court for the District of Colorado issued a series of orders that will allow the lawsuit filed by Cocona Inc. against Columbia Sportswear and The North Face for violating U.S. Patent No. 8,945,287 B2 to proceed in Colorado, according to a statement from Cocona.
Adidas to Open ‘World Class’ Los Angeles Office in 2018
The new space creates a home base for the brand’s employees in LA across sales, entertainment and influencer marketing, teams driving editorial and social and the key cities team.
Adidas’ Q3 Earnings Jump 35 percent
Adidas AG reported net earnings rose 35 percent in the third quarter as sales improved 12 percent on a currency-neutral basis. The gains were driven by Greater China, up 28 percent, and North America, ahead 23 percent, driven by the Adidas brand.
Sport Chek Sees Modest Comp Gain In Q3
Canadian Tire reported sales its FGL Sports segment were up 0.5 percent in the third quarter with same-store sales were up 0.4 percent. Same-store sales at Sport Chek were up 0.4 percent.
Lululemon Athletica’s Creative Director Resigns
Lululemon Athletica Inc. said that Lee Holman, executive vice president and creative director, has resigned for personal reasons. Holman will remain with the company until December 31, 2017.
Amazon Discounts Third-Party Sellers Products
Amazon.com has begun lowering prices on goods sold by third-parties on its site with the additional savings marked by tag that reads “Discount provided by Amazon.”
Parent Of Titleist Eying Golf Recovery In U.S.
David Maher, COO, Acushnet Holdings, stated, “It is encouraging that the U.S. retail market is weathering its structural correction fairly well. The general consensus from our trade partners is that they are faring better now than they did in 2016 or 2015 as there are fewer competitive doors and a greater percentage of their sales is generated from inline products.”
NHL And Fanatics Launch “Breakaway” Fan Jersey
The NHL and Fanatics launched a full 31-team assortment of the League’s new official fan jersey, the “Breakaway.” This launch coincided with the launch of the League’s new Canadian-based e-commerce platform, NHLShop.CA.
CODI’s Q3 Cash Flow Expands
Compass Diversified Holdings (CODI), the parent of Liberty Safe, Crossman and 5:11, said its cash flow grew to $26.2 million as compared to $22.6 million for the prior year’s comparable quarter. Cash Flow for the third quarter of 2017 reflects year-over-year earnings growth in the company’s Advanced Circuits, Arnold Magnetic and Clean Earth businesses, offset by declines at the company’s other businesses.
Dick’s Sets 2017 Holiday Game Plan
Dick’s Sporting Goods’ holiday plans include extended store hours on Thanksgiving; Black Friday savings beginning on Sunday, November 19; exclusive styles from Adidas and the Bowflex M5; and free shipping on online orders.
Academy Sports Surprises Vet At Concord, NC Store
Academy Sports + Outdoors partnered with the Carolina Panthers to surprise a local veteran and his daughter with a $300 shopping spree to shop for Panthers products with Panthers lineman Damiere Byrd, Sir Purr, and cheerleaders at its location in Concord, NC.
Nike Re-Signs Giannis Antetokounmpo
Nike has signed Giannis Antetokounmpo to a “long-term partnership,” according to tweet from the Milwaukee Buck’s star player.
Burton Unveils U.S. Snowboard Team Uniforms
With less than 100 days until the opening ceremony of the upcoming Olympic Winter Games, Burton Snowboards officially unveiled the 2018 Olympic uniforms to be worn by the U.S. Snowboard Team.
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