The Buckle Posts Flattish Q4 Net Sales on 3.9 Percent Comp Sales Gain
Online sales outpaced the store base in Q4, increasing 6.4 percent to $69.7 million for the 13-week fourth quarter, compared to net sales of $65.5 million for the 14-week period ended February 3, 2024.
EXEC: Zumiez CEO Details Strong Q4 Progress Across Softgoods Categories
The Men’s category maintained its positive momentum through year-end, delivering growth for the fifth consecutive quarter. The women’s category, became the largest growth category for the quarter. Skate Hardgoods were a drag.
Duluth Trading Sees Q4 Results Hurt by Retail Stores, Fulfillment Issues
Direct-to-consumer net sales increased by 0.4 percent to $172.9 million compared to the prior-year fourth quarter driven by greater penetration of mobile. Retail store net sales decreased by 6.9 percent to $68.4 million.
Sam Sato Sets Retirement from Duluth Trading Company CEO Role
During the transition period through April 25, Stephen L. Schlecht, the company’s chairman of the Board, founder and former CEO, will assume day-to-day leadership of the company with Sato’s assistance.
EXEC: Tilly’s, Inc. Expects Little Tariff Impact; Merchandising is Bigger Issue
Total foruth quarter comparable net sales, including both physical stores and e-commerce, decreased by 11.2 percent relative to the comparable 13-week period ended February 3, 2024, but have turned positive as weather improves.
EXEC: New Kohl’s CEO Kicks Off Turnaround Effort; Sees Private Label as Key
Asked about the balance between private label and national brands by an analyst, new CEO Ashley Buchanan emphasized that the customer will ultimately determine the mix, with a focus on delivering quality and value.
BSN Sports Parent Varsity Brands Taps into Pro Athlete Investors at Patricof Co
Over 45 of Patricof Co’s global athlete clientele, representing all major U.S. sports, have invested in Varsity Brands. This investment underscores P/Co’s commitment to “partnering with companies transforming the landscape of sports and community engagement.”
KNS International Acquires Birdies Brand; Gates to Stay as Brand President
Birdies, which launched in 2015 as a direct-to-consumer brand, will join the expanding KNS brand portfolio, which includes Journee, Taft and Vance. Co-founder Bianca Gates will join KNS as brand president.
Rupert Campbell Appointed Chief Commercial Officer for HeyDude
Campbell was, most recently, the president of Adidas North America, where he was responsible for leading one of the brand’s most critical markets and building relationships with wholesalers, partners and athletes.
EXEC: Allbirds Beats Estimates on Top-Line Decline, Shrinks Net Loss
Net revenue for the fourth quarter decreased 22.4 percent to $55.9 million, at the mid-point of the company’s prior guidance. The full-year impact of these actions was just over $22 million.
EXEC: Puma SE Expands Q4 Profits; Full Year Weakness Leads to Job Cuts Talk
Full year net income decreased 7.6 percent year-over-year to €281.6 million in 2024 and sales increased by 2.5 percent to €8.82 billion for the year.
EXEC: Puma SE Forecast Q1 Sales to Decline on Weak U.S. and China
For the first quarter, Puma said it anticipates currency-adjusted sales growth to be down in low-single-digits versus the 2024 Q1 level, primarily due to a soft performance in the U.S. and China.
EXEC: Dick’s SG Shares Decline as Street Worries About Weaker 2025 Outlook
Dick’s posted a 5.2 percent comp store sales increase for the 2024 fiscal year, cycling against a 2.6 percent comp sales gain in the 2023 fiscal year. The retailer expects full-year comp sales growth from 1.0 percent to 3.0 percent for fiscal 2025.
EXEC: February FW Factory Shipments Soar as Key Factories Post DD Growth
Yue Yuen’s manufacturing business, which boasts Adidas, Merrell, Asics and many others as key customers, posted a 14.9 percent increase in February, and Feng Tay, a major Nike supplier, returned to positive territory delivering 11.4 percent growth year-over-year after a decline in January.
Rural King Opens its Fifth Alabama Store in Saraland
The store carries a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
