Iconix’s Active Labels Deliver Mixed Q4 Performance
Iconix Brand Group indicated that some of its active brands are facing challenges in lower channels that are not being completely offset by momentum seen by several of its labels in mid-tier and independent channels.
Billabong Sells Tigerlily Swimwear Brand
Billabong International Limited entered into an agreement to sell its Tigerlily business to Crescent Capital Partners.
The Finish Line Youth Foundation Donates $526,203 In Q4
The Finish Line Youth Foundation awarded $151,203 in grants and $375,000 in donations for Special Olympics in the fourth quarter of 2016.
Sierra Trading To Open 15 Stores In 2017
The TJX Cos. plans to accelerate openings at Sierra Trading Post, with 15 stores to open in 2017, officials said Wednesday on the company’s fourth-quarter conference call.
Pensole Brings Champion To Foot Locker
Foot Locker Inc., in collaboration with Pensole Footwear Design Academy, unveiled the winning sneaker design for the 2016 Pensole World Sneaker Championship Powered by Foot Locker. The shoe will be sold in limited quantities at select Foot Locker stores around the globe on Saturday, February 25, 2017.
Iconix Brand Shows Steep Loss On Write-Offs
Iconix Brand Group reported a loss of $297.5 million, or $5.30 a share, in the fourth quarter after absorbing a pre-tax impairment charge of $443 million related to certain of the company’s trademarks and goodwill.
Dillard’s Q4 Impacted By Weak Mall Traffic
Dillard’s Inc. reported fourth-quarter earnings declined 32 percent on a 6 percent drop in comparable-store sales.
OluKai Hires Groundswell Public Relations
OluKai, the Hawaiian-inspired lifestyle brand featuring shoes, sandals and boots, has partnered with Groundswell PR. Groundswell PR will lead OluKai’s day-t.o-day media relations
Taryn Rose To Relaunch At FN Platform
The relaunch is part of a long-term global footwear partnership between Authentic Brands Group (ABG), an owner of a portfolio of sports, celebrity, and fashion brands including Taryn Rose, and Global Brands Group, one of the world’s leading branded apparel, footwear, and fashion accessories companies.
Wolverine Q4 Reaches High End Of Guidance
While Merrell showed a decline of 7 percent and the Wolverine brand was down due to a repositioning, most of Wolverine Worldwide’s key brands showed moderate to strong growth.
Wolverine Reports Q4 Loss
Wolverine World Wide Inc. reported a loss of $1.9 million, or 2 cent a share, in the fourth quarter, against earnings of $11.6 million, or 12 cents, a year ago. Adjusted earnings on a currency-neutral basis were slightly above year-ago levels and Wall Street’s target.
Macy’s Sees Comps Declining In 2017
Macy’s Inc. reported earnings declined in the fourth quarter and year while projecting same-store sales in 2017 would decline between 2.2 percent and 3.3 percent.
Who Will Land Outdoor Retailer?
Montana and Oregon joined Colorado in expressing their interest in the lucrative contract.
Dick’s Opens Stores In Iowa, New York And Georgia
Grand opening celebrations for new stores in Davenport, IA, Queens, NY and Hinesville, GA will occur March 10 through March 12.
Analyst Q&A: VF Corp. Q416
In the Q&A portion of VF Corp.’s fourth-quarter conference call on Friday, analysts questioned management about the distribution challenges facing The North Face in the U.S., whether the profitability in its Outdoor & Action Sports Coalition was sustainable, and open-to-buy rates by retailers.
