SGB Update Apparel
Nike to Record $300M in Restructuring Charges to Cover Layoffs
Nike, Inc. said in a regulatory filing that it expects to take a pretax charge of about $300 million, mostly in the fiscal third quarter, because of employee severance costs over a nine-month period ending February 28. Nike did not specify how many jobs the company had cut.
Costco’s Fiscal Q2 Earnings Rise 14 Percent
Profits at Costco Wholesale Corporation climbed 13.8 percent in the fiscal second quarter ended February 15 on a 9.1 percent sales gain.
BJ’s Wholesale Club Closes 2025 on Solid Note but FY Profits Outpace Q4 Gain
Net sales for the fiscal fourth quarter rose 5.5 percent year-over-year (y/y) to $5.45 billion. Total revenue, which includes membership fee income, increased 5.6 percent y/y. Comparable club sales increased 1.6 percent y/y in the fourth quarter.
Lululemon’s Founder Chip Wilson Launches Website to Support Proxy Fight
The site, ww.CreativityFirstlulu.com, presents Wilson’s case for governance and strategic change, spotlights his three independent director nominees—Marc Maurer, Laura Gentile and Eric Hirshberg—and announces an intended Schedule 14A proxy filing and GOLD universal proxy card.
The Buckle’s February Comps Grow 8 Percent
The Buckle Inc. reported comparable store sales jumped 8 percent for the four-week period ended February 28.
Burlington Stores Q4 Results Top Guidance, Comps Climb 4 Percent
Burlington Stores, Inc. reported earnings rose 19.9 percent on an adjusted basis in the fourth quarter ended January 31 on a 4 percent comp gain, exceeding guidance. The off-pricer expects comps in the current year to climb in the range of 1 percent to 3 percent.
REI Hires Former Foot Locker Exec as Chief Commercial Officer
REI Co-op has hired Kim Waldmann, formerly at Foot Locker and Athleta, as its new chief commercial officer, effective March 9. Waldmann joins REI from Foot Locker, Inc., where, most recently, she served as global chief customer officer.
Shoe Show, Inc. Names Sara Parker VP Operations and Merchandising at Half-Moon Outfitters Division
Over the course of her career, Parker has reportedly served in nearly every facet of the business, including sales associate, store manager, buyer, director of sales, general manager, and most recently director of operations and merchandising. Beezer Molten, founder of Half-Moon Outfitters, retired in January after selling the retailer to Shoe Show, Inc.
RCS Puts 174 Eddie Bauer Store Leases on the Market
RCS Real Estate Advisors, retained as advisors in Eddie Bauer LLC’s bankruptcy proceedings, reported it is actively marketing 174 store leases, including 150 store locations across 40 U.S. states and 24 in Canada.
Levi Strauss Completes Sale of Dockers to Authentic Brands Group
Levi Strauss & Co. completed the sale of the Dockers brand to Authentic Brands Group. The initial sale price is $311 million, with the potential to reach $391 million based on the Dockers brand’s performance under Authentic’s ownership.
Sportsman’s Warehouse Sees First Positive FY Comps Since 2020; Sees Q4 Earnings Topping Guidance
The outdoor, hunting and fishing retailer released preliminary fourth-quarter and 2025 results, indicating that both sales and earnings will exceed prior expectations and marked the first positive same-store sales growth for the full year since 2020. The hunt & fish retailer also plans to take a charge to potentially close five locations.
Target Corp. Outlines Restructuring and Overhaul Plan
While reporting fourth-quarter results, Target Corp. outlined its multi-year strategy under new CEO Michael Fiddelke to accelerate its return to growth. The plan calls for investing an incremental $2 billion in 2026, including more than $1 billion in additional capital expenditures and $1 billion in additional operating investments.
Ross Stores Q4 Earnings Crush Guidance on 9 Percent Comp Gain
Ross Stores Inc. reported fourth earnings came in well ahead of guidance as same-store sales surged 9 percent. Comps are expected to climb in the range of 7 percent to 8 percent in the first quarter, along with a sharp uptick inearnings.
Mammut Names Waypoint Outdoor as North America Sales Agency
Waypoint will continue to support Mammut’s position in the hardgoods and snow safety space, while actively growing sales in apparel and footwear across ski, climb, hike, and run in North America effective with the Spring 2027 season.
Former TNF and Boardriders Exec Arne Arens Joins Apparel Tech Startup as CEO
Unspun, an apparel technology start-up focused on localized, low-waste production, appointed Arne Arens, a former executive at The North Face and Boardriders, as CEO
