EXEC: Caleres Brand Portfolio Sees Tough Q2 on SAP Update while Famous FW Improving
EXEC: Tommy Bahama Parent Sees Economic Uncertainty Hit 45+ Affluent Consumer
EXEC: Designer Brands CEO Digs Deeper into DSW Results as August Comps Turn Positive
EXEC: Academy Shares Get Lift as Positive Comps Returned in August
Under Armour Cuts Guidance on Expanded Restructuring Cost Expectations
SGB Update
CNBC/NRF Retail Monitor Sees Strong Clothing, Footwear and Online Increases in August
Thanks to back-to-school, the Clothing, Footwear and Accessories sector soared in August, jumping 11.4 percent year-over-year. The sector that includes Sporting Goods fell 10.8 percent for the same period.
Tilly’s Co-Founder Appointed President and CEO, Removes Interim Tag
As the Co-Founder of this 42-year-old company, Hezy Shaked has served as interim president and chief executive officer since January 21, 2024, and previously as the company’s president and chief executive officer.
Superfeet Signs Sales Agency to Focus on Workplace Safety and Performance
LineDrive, a solutions-based sales agency that matches large-scale businesses with workplace safety tools to enhance workplace safety and productivity in the U.S. and Canada, will introduce Superfeet insoles to employers, to enhance workplace productivity and safety
Rural King to Open New Store in Conover, NC
The Conover store will host a grand opening from September 20-22. The retailer sells a wide variety of premium brands, including Carhartt, Blackstone, Big Green Egg, Ariat, Under Armour, Black Rifle Coffee Company, Walnut Creek Foods and Henry Rifles.
Classic Football Shirts Adds to Investor Pool; Plans New LA Store in World Cup Run-Up
The company said it had seen an accelerated annual growth rate since an earlier investment from The Chernin Group, including in the U.S., which is its fastest-growing market, at greater than 100 percent annually.
SGB Executive
EXEC: Caleres Brand Portfolio Sees Tough Q2 on SAP Update while Famous FW Improving
An ERP upgrade to SAP Cloud during the quarter was said to be a significant part of the problem as it impacted the Brand Portfolio business and helped push sales down 5.1 percent in that segment, but it was not the entire problem. CEO Jay Schmidt detailed the problems and the solutions implemented.
EXEC: Tommy Bahama Parent Sees Economic Uncertainty Hit 45+ Affluent Consumer
Oxford Industries, Inc., the parent company of Tommy Bahama, Lilly Pulitzer and Johnny Was, continued progress on long-term strategic goals in Q2, but the company also said it fell short of delivering on its near-term financial targets.
EXEC: Designer Brands CEO Digs Deeper into DSW Results as August Comps Turn Positive
The parent of the DSW, The Shoe Co., and Rubino retail brands, and Topo Athletic, Keds, Le Tigre, Hush Puppies, and other footwear brands, also had to come to terms with the impact of the economy on their customers and cut guidance for the full year.
EXEC: Academy Shares Get Lift as Positive Comps Returned in August
With some major negative events behind it, Academy looks to new store growth as the primary sales driver. The stores opened in 2022 are all comping postive despite the challenging economic backdrop and remain pleased with the 2023 and 2024 new stores.
EXEC: Footwear ASPs Continue to Decline Coming Out of Yue Yuen Factories in H1
Yue Yuen reportedly saw the volume of shoes it shipped to brands in the U.S. and Europe increase nearly 10 percent in the first half period ended June 30 (H1), but revenues for those pairs only increased 1.3 percent as average selling prices (ASP) declined 7.8 percent for the period.
