SGB Update Apparel
Digital Brands Group Finds Financial Lifeline through New Apparel and Footwear Categories
The guaranteed cash flow stems solely from the first two markets of a larger $165 million U.S. Program over the next two years. This expansion was said to be driven by the addition of new apparel and footwear categories.
Academy Sports Hires Chief People Officer
Academy Sports + Outdoors, Inc., appointed Matt Pasch, formerly at Burlington Stores, to the role of EVP and chief people officer. He succeeds Bill Ennis, who recently retired.
Lands’ End Reports Improved Profitability on Modest Sales Gain
Lands’ End Inc., which is shifting to a licensing model, reported a profit against a loss in the second quarter as sales improved 2.7 percent. Results came in at the lower end of guidance and the retailer slightly lowered its full-year outlook for sales and operaing profits. Sales in the quater of $302.0 million compared […]
Dick’s SG’s Debt Ratings Outlook Cut on Foot Locker Weakness
S&P Global Ratings lowered its debt ratings outlook on Dick’s Sporting Goods after the retailer reported second-quarter results that came in lower than expectations due to “a highly promotional environment from industry-wide inventory build-ups across key brands and fewer footwear launches, which affected its Foot Locker business.”
Lululemon’s Shares Take a Dive After Missing Top-Line Estimates, Slashing FY Guidance
The missed expectations on the revenue line in the second quarter and reduced revenue and earnings guidance for the year sent LULU shares down in the mid-teens in after hours trading on Thursday, September 3. Total net revenue decreased 4 percent, or down 5 percent on a constant-dollar basis, for Q2 versus the year-ago quarter.
Hoboken’s Stan’s Sport Center’s Retail Store to Close After Eight Decades
Stan’s Sport Center, a Hoboken institution for eight decades, will close its retail storefront at 528 Washington St., although the business will continue providing schools, teams and organizations with uniforms and gear throughout the region. Owner Danny DeCongelio announced the closure in a Facebook post, citing changes in consumer behavior and market conditions that have reduced foot […]
Bain Envisions U.S. Holiday Retail Sales Exceeding $1T for the First Time
Bain & Company predicted U.S. retail sales over the upcoming November-December holiday shopping season to increase 4.5 percent year-on-year (YoY), well ahead of a 3.5 percent YoY rise recorded in the 2025 holiday season and topping $1 trillion for the first time. The consultancy noted taht more than half of the nominal sales growth will come from higher inflation and most new growth will come from online selling.
SDSI Undergoes Leadership Transition
San Diego Sport Innovators (SDSI), the non-profit that has traditionally supported Southern California’s sports and active lifestyle (SAL) economy, reported that Bob Rief, who has served as SDSI’s executive director for the past decade, will move into the role of chair of the Board. Kevin Cox will step in as the organization’s new executive director, effective October 15. John Sarkisian, who has held the role as chair of the Board for 13 years, will move on to help lead the Bill Walton Foundation.
The Buckle Delivers Modest Same-Store Growth in August
The Buckle, Inc. reported comparable store sales increased 1.6 percent in August year over year. Net sales for the 4-week fiscal month ended August 29, increased 3.6 percent to $123.5 million from $119.2 million in the same period for the prior year.
Duluth Holding Sees Reduced Promotions Boost Q2 Profitability
Duluth Holdings, Inc. (dba Duluth Trading Company) reported another quarter of improved profitability with a boost from tax refunds and internal efforts to reduce discounting. Sales fell 7.8 percent as both web traffic and web conversion declined as a result of reduced promotional activity. The retailer raised its earnings guidance for the year.
Tilly’s Forecasts First Profitable Year Since 2022
Tilly’s, Inc. reported earnings rose 61.5 percent in the fiscal second quarter ended August 1 as same-store sales vaulted 12.1 percent. Nate Smith, president and CEO, said, “We are now profitable on a trailing four quarters basis and on a year-to-date basis for fiscal 2026. Based on our year-to-date performance and assuming our positive momentum continues, we believe we are well positioned to produce our first profitable fiscal year since 2022.”
PVH Corp. Sees Modest Sales Drop in Q2, Takes Impairment Charge
The parent of Calvin Klein and Tommy Hilfiger reported a 3 percent sales decline in the second quarter due to wholesale softness largely due to taking major licenses in-house, but still topped guidance. Net earnings were impacted by impairment charges related to “changes in valuation assumptions associated with geopolitical and macroeconomic factors,” but also topped guidance excluding the charges. Full-year guidance was maintained.
Helly Hansen Expected to Double Sales Over Next Five Years
As part of a Helly Hansen Investor Day being held Wednesday in Oslo, Norway, Kontoor Brands, Inc. announced Helly Hansen’s long-term growth strategy and 2030 financial targets. The targets call for Helly Hansen to deliver a compound annual growth rate of approximately 10 percent over the next five years at an operating margin in the mid-teens percent range.
G-III Apparel Tops Q2 Adjusted EPS Guidance with Sales Up HSD Excluding Tommy and Calvin
The outerwear maker and sport licensee reported a slight increase in Adjusted earnings in the second quarter ended July 31, just ahead of guidance, due to improved gross margins. Sales fell 10 percent and were below guidance, with the decline reflecting the loss of the Calvin Klein and Tommy Hilfiger licenses.
Bass Pro to Close Store in East Memphis
Bass Pro Shops is closing its store in East Memphis after 24 years in operation in a rare store closing for the retailer.
