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Athleta’s Q3 Sales Jump 35 Percent

Athleta’s Q3 Sales Jump 35 Percent

Athleta's sales grew 35 percent in the third quarter, according to its parent, Gap Inc. Comparable sales were the highest in the brand’s history - up 37 percent - and online contribution remained above 50 percent in the quarter. (Read More)

Nordstrom’s Q3 Revenues Slump 16 Percent

Nordstrom’s Q3 Revenues Slump 16 Percent

Nordstrom Inc. reported sales decreased 16 percent to $3 billion in the third quarter. Net earnings were down 57.9 percent in the period, but came in well above Wall Street's targets. Top-performing merchandise categories included active, home, beauty and designer. (Read More)

Urban Outfitters’ Q3 Profits Jump 38 Percent

Urban Outfitters’ Q3 Profits Jump 38 Percent

Urban Outfitters Inc. announced net income rose 37.7 percent in the third quarter to $76.7 million, or 78 cents a share. Comparable Retail segment net sales were flat as a result of negative retail store sales driven by lower store productivity due to reduced store traffic, offset by strong double-digit growth in the digital channel. (Read More)

Dick’s SG’s Q3 Earnings Surge On 23 Percent Comp Gain

Dick’s SG’s Q3 Earnings Surge On 23 Percent Comp Gain

Dick's Sporting Goods reported earnings in the third quarter ended October 31 jumped more than four-fold as same-store sales climbed 23.2 percent. Brick & mortar same-store sales increased double-digits, the best performance since going public nearly two decades ago, while e-commerce sales expanded 95 percent. (Read More)

Dick’s SG Announces Planned Leadership Succession

Dick’s SG Announces Planned Leadership Succession

Dick's Sporting Goods Inc. announced that Ed Stack, chairman and chief executive officer, will assume the role of executive chairman and continue as chief merchant on February 1, 2021. He also will oversee key strategic growth initiatives for the company. Lauren Hobart, the current president of Dick's, will succeed Stack as president and CEO. (Read More)

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