Kohl’s Announces Launch Of Nine West
Kohl’s Corp. has partnered with Authentic Brands Group, owner of Nine West, to include the lifestyle brand in the company’s brand portfolio. In addition to Nine West footwear, handbags and outerwear, Kohl’s will debut a new women’s apparel collection.
SGB Executive Q&A: Progression Brands Group’s Ian Widmer
Ian Widmer, the founder of Progression Brands Group (PBG) talked to SGB about his company’s unique hybrid equity/management investment structure, the boutique’s investment criteria and the opportunities and challenges facing emering brands in today’s marketplace.
Fleet Feet Launches Proprietary Programs ‘Fit Engine’ & ‘User Profiles’
Running specialty retailer Fleet Feet on Tuesday announced the launch of two new proprietary programs to further enhance and personalize the customer experience—Fit Engine and User Profiles.
TJX Raises Full-Year Guidance On Strong Q2
Apparel and home fashions retailer The TJX Cos. Inc. raised the company’s full-year guidance after reporting net sales for the second quarter ended August 4 increased 12 percent to $9.3 billion. Consolidated comparable store sales increased 6 percent over the comparable period last year ending August 5, 2017.
Under Armour Introduces UA Sportstyle Category With Collaborations
Under Armour launched a new UA Sportstyle category through collaboration with a global team of “Pioneers” who will hold a series of forums designed to empower communities.
Kohl’s Q2 Earnings Vault 40 Percent
Kohl’s Corp., reported net earnings in the second quarter ended August 4 rose 40 percent on a 3.1 percent comp gain and 42 basis points improvement in gross margins. The department store operator lifted the company’s guidance for the year.
Industry Rallies Against Proposed Tariffs On China-Made Goods
Officials from the Sports & Fitness Industry Association (SFIA) and Outdoor Industry Association (OIA) testified in strong opposition to proposed tariffs on Chinese-made sports, fitness and outdoor products. The officials stated that the proposed tariffs would likely raise prices for consumers and lead to job losses while also stressing how essential sports and outdoor products are in supporting healthy and active lifestyles.
Adidas Partners With Twitter To Live Stream Football Games
Adidas and Twitter announced ‘Friday Night Stripes’–the first-ever live streaming series of high school football games on Twitter.
Luxury Online Marketplace Farfetch To Go Public
London-based luxury online marketplace Farfetch filed for an IPO on Monday and plans to list on the New York Stock Exchange under the ticker FTCH.
Analyst Sees Nike Taking Share From Adidas And Others
Susquehanna Financial analyst Sam Poser raised his rating and price target on Nike Inc. as channel checks show that the brand is gaining share from Adidas and others at athletic specialty retailers such as Foot Locker, Finish Line and Hibbett, and is also gaining share within the family footwear channel. Piper Jaffray also upgraded the stock.
Retail Reports Roundup
Studies arrived last week on consumers placing a higher priority on newness, online cart abandonment challenges, digital marketing’s effectiveness, strapped consumers and stores associate bonds helping deter shoplifting.
Li Ning’s Sales Climb 18 Percent In Half
Li Ning reported revenue increased by approximately 17.9 percent in the six months ended June 30 to RMB4.7 billion.
L.L.Bean Exec Joins Furniture Maker
Brad Kauffman, SVP of business transformation and strategy at L.L. Bean, has joined Thos. Moser, maker of handcrafted American furniture, as the company’s new chief revenue officer.
Nike To Sponsor Alabama A&M
Alabama A&M’s athletic department has joined an apparel partnership with Nike and BSN that begins during the 2018-19 athletic seasons.
Agenda And Liberty Fairs Announce Move
Agenda and Liberty Fairs announced plans to move out of the Sands Expo and Convention Center on the Las Vegas Strip to downtown Las Vegas, starting in February 2019. Adjacent to the up-and-coming Arts District, downtown Las Vegas “is the ideal home for the shows to continue to break the mold of a conventional trade show model to offer stand-out events, unique activations, and an overall elevated experience without limits,” according to a statement.
