The TJX Companies Inc. reported earnings grew slightly and easily topped Wall Street’s consensus estimate. Overall open-only comp-store sales were down 5 percent versus last year. Comps at Marmaxx (U.S.), including T.J. Maxx, Marshalls and Sierra Trading, were down 10 percent.
Category: Footwear
Adidas Partners With LeAD Sports & Health Tech
Adidas has formed a formal partnership with Berlin-based leAD Sports & Health Tech accelerator, which is backed by the family of Adidas founder Adi Dassler and supports start-ups.
K-Swiss Appoints Director Of Tennis
K-Swiss appointed Dave Malinowski as director of tennis. He most recently worked for Adidas North America as senior director of specialty sports.
NRF Reports: October Retail Sales Grew As Holiday Shopping Starts Early
Retail sales grew for the sixth month in a row in October, with sales significantly better than the same time a year ago as the economy continued to recover and consumers began their holiday shopping early, the National Retail Federation said.
Outdoor Retailer Opens Registration For Virtual Winter Tradeshow
Registration is open for OR Winter Online, its digital marketplace and online experience. Opening January 6, 2021, the virtual event will include key Summit Days from January 20-23 through March 19, 2021.
Kohl’s Q3 Comps Drop 13.3 Percent
Kohl’s reported third-quarter earnings that were significantly better than Wall Street’s targets although same-store sales were down 13.3 percent.
Sperry Names Chief Marketing Officer
Sperry, a division of Wolverine Worldwide, appointed Elizabeth Drori as its new chief marketing officer. Most recently, she was head of marketing for Walmart’s fashion business.
Sequential Brands Posts Q3 Profit Against Loss
Sequential Brands Group reported a profit against a year-ago loss in the third quarter as sales declined slightly.
SFIA Appoints Chief Business Officer
The Sports & Fitness Industry Association announced the appointment of Bill Patterson as SFIA’s chief business officer, effective immediately. He formerly worked for OpSec Security.
Puma To Sponsor United Soccer League
The United Soccer League, based in Tampa, FL, announced a new three-year agreement that makes Puma the national partner for the new USL Academy League.
Iconix’s Q3 Revenue Improves, Sales Slide
Iconix Brand Group Inc. reported total revenue for the third quarter of 2020 was $24.5 million, a 31 percent decline, compared to $35.5 million in the third quarter of 2019.
Stein Mart Receives Bid For IP Assets
Hilco Streambank is marketing the intellectual property assets of Stein Mart after the retailer signed a $4 million deal with a subsidiary of Retail Ecommerce Ventures (REV) to be the stalking horse bidder for Stein Mart’s IP.
Consumer Confidence Slips In October
Consumer confidence waned in October, reflecting somewhat less optimism about the jobs market and the U.S. economy in the next six months amid another outbreak of coronavirus cases.
Adidas Appoints Global Head Of Marketing
Adidas has appointed Vicky Free as senior vice president of global marketing at Adidas effective January 4, 2021.
Yue Yuen’s Revenues Slide 19 Percent In Nine Months
Yue Yuen Industrial (Holdings) Ltd. reported revenue in the first nine months of 2020 fell 19.1 percent to $6,086.7 million, compared to the corresponding period of last year. The loss in the period came to $154.1 million. The fall in revenue was mostly attributed to COVID-19.
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