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Stage Stores Logs Q1 Loss On Charges

May 23, 2019SGB Updates

Stage Stores Inc. reported a loss after impairment charges in the first quarter while same-store sales dipped 3.1 percent. The department store operator reaffirmed guidance for fiscal year 2019. (Read More)

Stein Mart To Install Amazon Pick-Up Lockers

May 23, 2019SGB Updates

Stein Mart plans to house Amazon lockers in 200 of its 283 stores. Amazon Hub Lockers are secure, self-service kiosks that provide customers of the online retailer an alternative delivery option to pick up and return their Amazon packages. (Read More)

Avenatti Indicted In Nike Extortion Case

May 22, 2019SGB Updates

Controversial lawyer Michael Avenatti was charged with trying to extort Nike out of more than $20 million dollars by threatening to go public with claims the company was facilitating payments to the families of high school basketball stars. Avenatti separately was charged with stealing about $300,000 from his former porn star client Stormy Daniels. (Read More)

OIA Skip Yowell Future Leadership Academy Announces Capstone Projects

May 22, 2019SGB Updates

Outdoor Industry Association (OIA) announced capstone projects for Class 4 of the Skip Yowell Future Leadership Academy (FLA), an immersive leadership experience for the next generation of outdoor industry game-changers. This year’s class includes 35 driven emerging leaders from REI, Yakima, Pacific Crest Trail Association, Backcountry.com, The North Face, Outdoor Research, Burley and others. (Read More)

Foot Locker Surprises High School Seniors With Scholarships

May 22, 2019SGB Updates

For the eighth consecutive year, the Foot Locker Foundation has awarded $20,000 scholarships to 20 outstanding student-athletes. (Read More)

Urban Outfitters’ Q1 Pulled Down By Margin Pressures

May 22, 2019SGB Updates

Urban Outfitters Inc. reported earnings in the first quarter declined 21,0 percent to $32.6 million, or 31 cents a share as gross margins were hurt by underperforming women’s apparel at the Anthropologie and Urban Outfitters brands. Earnings surpassed Wall Street's target of 26 cents. (Read More)

Modell’s To Test Smaller Stores

May 22, 2019SGB Updates

Modell’s Sporting Goods plan is to open 10 locations spanning 5,000 and 8,000 square feet across New York City, according to The Real Deal. (Read More)

VF Corp. Disappoints On Outlook

May 22, 2019SGB Updates

VF Corp. reported earnings and sales in the fourth quarter came in ahead of Wall Street's consensus estimates but provided 2020 guidance that was lower than targets. By segment, revenue for Outdoor is expected to increase approximately 4 percent to 5 percent, or 5 percent to 6 percent on a constant dollar basis, and revenue for Active is expected to increase approximately 6 percent to 7 percent, or 9 percent to 10 percent on a constant dollar basis. (Read More)

Stage Stores Logs Q1 Loss On Charges

Stein Mart To Install Amazon Pick-Up Lockers

Avenatti Indicted In Nike Extortion Case

OIA Skip Yowell Future Leadership Academy Announces Capstone Projects

Foot Locker Surprises High School Seniors With Scholarships

Urban Outfitters’ Q1 Pulled Down By Margin Pressures

Modell’s To Test Smaller Stores

VF Corp. Disappoints On Outlook

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