The Storyteller: Joe Prebich Outlines Vision For Mammut North America
Joe Prebich, who was appointed CEO and managing director of Mammut North America in April, spoke with SGB at length about the company’s ambitious plans to grow the 156-year-old, Switzerland-based apparel and gear brand’s presence on this side of the Atlantic.
Urban Outfitters Boosted By Macro Fashion Shift
Riding a strong fashion cycle, Urban Outfitters Inc. reported second-quarter profits rose 85.9 percent to $92.8 million, or 84 cents a share exceeding Wall Street’s consensus estimate of 77 cents. Company officials said a changing fashion silhouette is encouraging consumers to replace their wardrobe closets.
Urban Outfitters’ Profits Soar In Q2
Boosted by a 13 percent hike in comparable store sales, Urban Outfitters Inc. reported second-quarter profits rose 85.9 percent to $92.8 million, or 84 cents a share, exceeding Wall Street’s consensus estimate of 77 cents.
REI Co-Op Extends Used Gear Digital Platform
REI Co-op is reaffirming the company’s commitment to sustainable, affordable pre-loved gear for customers, with a refreshed used gear website featuring new brands and more product categories available for purchase and a series of member-to-member gear swaps and a team of employees dedicated to getting lightly used products in the hands of more customers.
Gander Outdoors Sets Grand Opening In Plattsburgh, NY
Gander Outdoors, formerly known as Gander Mountain, is now open in Plattsburgh, NY. A grand opening event is planned for Saturday, August 25, 2018 at 60 Smithfield Boulevard. The 43,000-square-foot location is one of five facilities in the state.
Ortholite Hires Marty Greenwald As Global Sales Director
OrthoLite announced the hire of Marty Greenwald as global sales director. This new position will further expand OrthoLite’s reach geographically while providing additional support to both brand partners and the entire OrthoLite sales organization in the United States, Asia, Europe, South America and beyond.
TJX Cos. Finding Off-Price Formula Appealing To Youth
Finding younger consumers being drawn to the company’s deal-driven, treasure hunt experience, TJX Cos. raised the company’s full-year forecast after reporting second-quarter results that handily topped Wall Street’s targets.
Nike, Adidas & Under Armour All Deliver For Kohl’s In Q2
Kohl’s Corp.’s trusty trio of active brands—Nike, Adidas and Under Armour—delivered solid sales in the second quarter, helping the department store top analysts’ earnings and revenue estimates as the company also raised guidance for fiscal 2018.
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.
