SGB Update Apparel
Patagonia Names New General Manager EMEA
Patagonia promoted Nina Hajikhanian to general manager of EMEA. Most recently, she was the direct-to-consumer director, leading e-commerce, retail and customer service.
Hibbett Reduces Full-Year Guidance On Q1 Miss
Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, “”Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss.”
Athleta’s Q1 Revenues Slide 11 Percent
Gap Inc. reported net sales at its Athleta women’s activewear chain fell 11 percent in the first quarter to $321 million. Gap said Athleta’s sales “were impacted by continued product acceptance challenges.”
Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines
Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent.
Lolë Acquires Époque Évolution
Lolë, the Montreal-based activewear and outerwear brand, reported it acquired Époque Évolution a sustainability-focused women’s apparel brand based in San Anselmo, CA.
Cap America Names VP Of Sales
Cap America, the headwear manufacturer, promoted Grace Schettler to senior vice president of sales.
Duluth Holdings Adds Board Member
Duluth Holdings, Inc., the parent of Duluth Trading, elected Ronald Robinson to its Board of Directors. Robinson works for Designer Brands as its chief supply chain officer.
S.K.I. Essentials Inks Licensing Deal With Ike Behar
Ike Behar, an omnichannel brand and manufacturer of luxury menswear, inked a new licensing deal with S.K.I. Essentials for premium undergarments and loungewear.
DXL Posts Q1 Sales Decline After Strong Comp Sales Growth To Start The Year
Destination XL Group, Inc. reported total sales for the first quarter were $125.4 million, down 1.7 percent from $127.7 million in the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 increased 0.6 percent as compared to the first quarter of fiscal 2022, with comparable sales from stores up 1.5 […]
Amazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products In 2022
More than 60 percent of sales in Amazon’s store are from independent sellers—most of which are small and medium-sized businesses—providing a vast selection of amazing products, competitive prices, and great convenience for consumers.
Christy Sports Opens Location In Aspen
Christy Sports announced the opening a new store in Aspen, CO, located at 303 East Durant Street. The location was previously an Aspen Sports store and recently vacated as part of Vail Resorts’ exit from Aspen.
Ralph Lauren Comp Sales Grow 9 Percent In Fiscal Q4 On Strong Asia Growth
Ralph Lauren Corporation reported revenue increased 1 percent to $1.5 billion on a reported 13-week basis in the fourth quarter of Fiscal 2023, versus a 14-week fiscal period last year. On a 13-week comparable basis, revenue increased 9 percent in constant-currency. Earnings per diluted share was 48 cents on a reported basis.
Qurate Retail Sells Zulily To Investment Firm
Regent, a Los Angeles-based investment firm with expertise in the retail and apparel sectors, has acquired online retailer Zulily, formerly a wholly-owned subsidiary of Qurate Retail, which also owns the QVC and HSN businesses and the owner of Cornerstone Brands.
Burlington Stores Comps Rise 4 Percent In First Quarter As Net Income Doubles
Burlington Stores, Inc. reported fiscal first-quarter total sales increased 11 percent to $2.13 billion for the 13-week period ended April 29, compared to $1.93 billion in the first quarter of fiscal 2022. Comparable store sales increased 4 percent compared to the first quarter of fiscal 2022.
Nike Announces Senior Leadership Realignment
Nike said Heidi O’Neill, president of Consumer & Marketplace, will become president of Consumer, Product & Brand, Nike, Inc. Craig Williams, president of the Jordan Brand, will become president of Geographies & Marketplace, Nike, Inc. as part of several leadership changes. Matthew Friend, EVP and CFO, will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.
