PVH’s Q2 Earnings Improve
PVH Corp., the parent of Speedo, reported earnings per share was $1.69 on a non-GAAP basis for the second quarter compared to $1.47 in the prior year period. Revenues increased 7 percent.
Tilly’s Q2 Earnings Jump Two-Fold
Tilly’s Inc. reported profits jumped 121 percent on an adjusted basis in the second quarter as expenses were reduced sharply, margins improved slightly and comps grew 2.1 percent.
Outdoor Participation Shows Some Recovery
The Outdoor Foundation’s newly-released Outdoor Recreation Participation Report found that 48.8 percent of the U.S. population participated in an outdoor activity at least once in 2016, up from 48.4 percent in 2015.
NSGA Highlights Importance Of Physical Retail
The National Sporting Goods Association (NSGA) cautioned industry executives not to overreact to what it considers to be “incorrect conclusions” found in an study from Astound Commerce on the value of vendor stores and websites.
Skechers Signs Tony Romo
Skechers signed Tony Romo, the recently retired Dallas Cowboys quarterback, as a brand ambassador.
Asics America Unveils New Retail Concept
Asics America Corp. opened a new store format at the Mall of America in Minnesota.
361 Degrees’ Sales Climb 10 Percent In First Half
361 Degrees International Limited reported earnings in the first half rose 16.5 percent on a 9.5 percent sales gain.
Modell’s To Open 2nd Store On 125th Street
Modell’s Sporting Goods on August 24 will open its second location on 125th Street in Harlem. This will bring Modell’s total store count to 159 locations.
Adidas To Sponsor Georgia Tech
Adidas reached an agreement to replace Russell Athletic as the endorser of Georgia Tech.
New Balance Wins Infringement Lawsuit In China
New Balance won $1.5 million in damages and legal costs after a Chinese court ruled that three Chinese manufacturers infringed on the Boston-based company’s signature slanting “N” logo, according to The New York Times.
DSW Eyes Benefits From Retail Disruption
Believing the store closings across retail are working in its favor, DSW Inc. reported second-quarter earnings that handily topped Wall Street estimates while logging its first quarterly same-store gain since 2015.
Study: Over Half of Online Shoppers Prefer Shopping Directly With Brands Over Retailers
The survey of consumers who have visited a brand manufacturer’s website in the past six months found the majority (54 percent) turn to brands over retailers for more comprehensive product information, in addition to enhanced customer service, better prices and more personalization options.
DSW Posts First Quarterly Same-Store Sales Gain Since 2015
DSW Inc. reported second-quarter’s earnings rose 5.2 percent, well ahead of Wall Street’s target, as same-store sales sales inched up 0.6 percent.
Macy’s Appoints New President
Macy’s Inc. announced several changes intended to improve the company’s performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the company’s data analytics capabilities.
Patagonia Runs First TV Ad In Support Of Public Lands
Patagonia is planning to run first-ever television commercial in its 45-year history to urge support for protecting America’s public lands.
