Dr. Martens plc reported sales rose 10 percent in its fiscal year ended March 31 to £1,0 billion ($1.25 bn) from £908.3 million a year ago. Sales on a currency-neutral basis grew 4 percent. (Read More)
Consumers will collectively spend a record-high $22.9 billion to celebrate Father's Day this year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. The total expected spending for the holiday is up 14.5 percent from last year’s $20 billion and exceeds the previous record of $20.1 billion in 2021. (Read More)
Costco Wholesale Corporation reported net sales of $18.45 billion for the retail month of May, the four weeks ended May 28, 2023, an increase of 1.2 percent from $18.23 billion last year. (Read More)
On its first-quarter analyst call, Macy's confirmed that Nike apparel would return to its selling floors. Nike ended distribution to the department store in 2021. (Read More)
Tilly’s, Inc. reported total net sales for the fiscal first quarter ended April 29 were $123.6 million, a decrease of 15.2 percent from Q2 last year. Comp store sales improved sequentially through May, declining 11.5 percent. (Read More)
EBay expanded its Authenticity Guarantee program to streetwear, marking the expansion of its authentication service to a sixth category, which includes sneakers, watches, jewelry, handbags, and trading cards. (Read More)
Zumiez Inc. reported a loss in the first quarter ended April 29 as sales declined 17 percent. Results were in line with guidance with the weakness blamed on weak demand and the promotional environment. For the current quarter, another loss is expected on a sales decline of about 14 percent. (Read More)
Lululemon Athletica, Inc., bucking a recent trend toward guidance cuts for most retailers, raised its outlook for the year after reporting first-quarter results that topped expectations. (Read More)
Vimazi hired Scott McCoubrey as national sales manager and Henry Guzman and Adam Pinkston to join its sales team. (Read More)
The Footwear Distributors and Retailers of America (FDRA) appointed Jennifer Bendall, VP of government and public affairs at Nike, as chair of FDRA's board of directors; Josue Solano, president and CEO of BBC International, as FDRA vice chair; and Dan Friedman, chief sourcing officer at Caleres, as FDRA board treasurer. (Read More)
