Nordstrom has appointed Jian DeLeon, former editorial director of Highsnobiety, as men’s fashion editorial director.
Category: Footwear
The Buckle’s August Comps Increase 1.7 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 29, 2020 increased 1.7 percent from comparable store net sales for the 4-week period ended August 31, 2019.
VF Corp. x Timberland Collaborate With Redress
VF Corporation, together with its Timberland brand, announced a collaboration with Redress for the Redress Design Award 2020.
Robin Hood CEO Joins Under Armour Board Of Directors
Under Armour Inc. announced that Wes Moore has been appointed to its Board of Directors effective October 1, 2020. Moore, 41, is CEO of the Robin Hood Foundation, a nonprofit that finances over 500 organizations serving children, families and communities.
Tilly’s Q2 Sales Dip 16 Percent, Sees Significant Q3 Decline
Profits at Tilly’s Inc. fell 43.0 percent in the second quarter as sales declined 16 percent. Second-quarter results exceeded internal expectations given that stores were closed for parts of the quarter, but Tilly’s warned that third-quarter sales have been “significantly impacted” by delayed back-to-school selling.
Dick’s SG Announces Grand Opening Of Three Stores In September
Dick’s Sporting Goods will expand its national footprint with the opening of one Dick’s Sporting Goods store, one combination Dick’s and Golf Galaxy location and one Golf Galaxy store in September. The stores are in San Antonio, TX; Myrtle Beach, SC and Westminster, CO.
Designer Brands’ Q2 Revenues Drop 43 Percent
Designer Brands Inc., the parent of DSW, reported a net loss of $98.2 million in the second quarter as sales declined 43 percent. The parent of DSW said it was able to bolster liquidity and inventory was down 37 percent to position the company for fall selling.
Genesco’s Q2 Revenues Slide 20 Percent
Genesco Inc. reported a second-quarter loss as sales decreased 20 percent. A 144 percent e-commerce growth wasn’t able to offset stores only being open about 70 percent of days in the period. The parent of Journeys, Johnston & Murphy and Schuh, said it was able to generate $74 million of operating cash flow.
OIA Partners With People For Bikes On Climate Action
Outdoor Industry Association (OIA) and PeopleForBikes (PFB) have announced a partnership through which PFB members — bicycle manufacturers and retailers — will be able to join the OIA Climate Action Corps, a collaborative model for alignment, action and accountability to achieve industry-wide greenhouse gas (GHG) emission reductions in accordance with Intergovernmental Panel on Climate Change (IPCC) guidelines.
Adidas Global Creative Director Exits Over Controversial Comments
Adidas global creative director Paul Gaudio has left the company, effective August 31, according to an internal memo from the company. The memo did not give a reason but it arrived two days after Gaudio left a controversial comment on a Complex Instagram post.
Snow Peak USA Opens U.S. Headquarters, Retail Flagship
Snow Peak USA has opened its U.S. headquarters and retail flagship in Portland, OR “designed to build community… and ‘invite customers to ‘Dwell Outdoors Together'”.
Macy’s Q2 Comps Drop 35 Percent
Macy’s, Inc. reported same-store sales in the second quarter were down 34.7 percent but were better than expected as in-store sales recovered faster-than-expected and online sales jumped 53 percent. The second-quarter loss that was was better than Wall Street’s estimates.
Bass Pro Shops and Cabela’s Recognized For Customer Service
Bass Pro Shops and Cabela’s has received national accolades for excellence in customer service, receiving “America’s Best-In-State Customer Service 2020” award from Newsweek.
361 Degrees’ Debt Ratings Downgraded
S&P Global Rating lowered its debt ratings 361 Degrees International Ltd. as it expects the Chinese sporting good company’s market position to weaken amid accelerated industry consolidation, with a dip in revenue in 2020 and 2021. Escalated competition in China’s sportswear industry is also expeced to dent the company’s profit margin.
L.L. Bean Seeing Outdoor Boost Amid Pandemic
L.L. Bean CEO Stephen Smith told CNBC’s “Squawk on the Street” that sales of bikes, kayaks and canoes have been robust in the spring and summer as outdoor activities have increased in appeal in the stay-at-home economy.
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