SGB Update Apparel
Authentic Brands Group Appoints New Company President
Over his two-decade career at Wynn Resorts, Matt Maddox reportedly played a pivotal role in the company’s global expansion. Nick Woodhouse will become executive vice chairman of Authentic.
Kohl’s to Close an E-Comm Fulfillment Center and 27 Stores
The stores identified for closure are underperforming and represent approximately 2.3 percent of the company’s more than 1,150 locations. The San Bernardino EFC is one of 15 EFCs and DCs in Kohl’s nationwide supply chain network.
Macy’s Reports Flattish QTD Comps for Q4 with Upside at First 50, E-Commerce
The retailer’s First 50 locations and luxury nameplates Bloomingdale’s and Bluemercury all continue their trend of positive comparable sales. Macy’s digital channel also achieved comparable sales growth for the period.
Nordstrom , Inc. Ups Fourth Quarter Guidance on Solid Holiday Comps
Nordstrom banner net sales increased 3.7 percent and comparable sales increased 6.5 percent, while Nordstrom Rack banner net sales increased 7.4 percent and comparable sales increased 4.3 percent.
Lululemon Now Beating Prior Expectations for the 2024 Fourth Quarter
The high-end yoga-focused retailer expects its net revenue to grow 11 percent to 12 percent for the fourth quarter year-over-year, or 6 percent to 7 percent growth, excluding the 53rd week of 2024.
Amer Sports Sees 2024 Sales Growth and Profit Margin at High End of Guide
The company expects full-year 2024 revenue growth to be at the high end of its previous guidance range of 16 percent to 17 percent growth despite “rising headwinds related to unfavorable foreign currency exchange rate fluctuations in the fourth quarter.”
Journeys Group Comps Jump 14 Percent in Holiday Selling Period
The company said sales trends at Journeys accelerated somewhat more than than management anticipated following a good start to the holiday season, led by strong full price selling in the weeks leading up to Christmas.
Fleet Feet Opens Third Locally-Owned Store in North Carolina
This is is the third Fleet Feet store owned by John and Elizabeth Dewey in North Carolina. They operate Fleet Feet stores in Greensboro and High Point, NC, respectively.
Macy’s, Inc. Confirms Planned Store Closures
As previously disclosed, the 66 Macy’s locations will close as part of the company’s “Bold New Chapter” strategy.
Instinct to Expand Market Reach; Hires New VP of Sales
With deep roots in the surfing industry, Todd Stanley brings a wealth of expertise in sales, team leadership and brand development. His background in corporate and entrepreneurial ventures “qualifies him to guide the brand through its next growth phase.”
Mammut Partners with New Sales Agencies for 2025
Trail House Sales and Marketing Group and Redstone West will represent Mammut in the Western U.S. and Pacific Northwest, respectively.
Costco December Comps Jump 9.9 Percent x-Gas; E-Commerce Jumped 35.7 Percent
E-commerce sales in December were said to be positively impacted by an estimated 15 percentage points, due to Thanksgiving / Black Friday / Cyber Monday occurring a week later in 2024 versus holiday 2023.
Carhartt Opens Retail Store in SoHo
The new location joins the brand’s existing store in Seven Dials, in the St Giles district of the London Borough of Camden, in the West End of London.
The Buckle Posts 4.6 Percent Comp Growth in Fiscal December
Net sales for the fiscal month of December were flattish, down 0.8 percent to $202.1 million from net sales of $203.8 million for the prior-year fiscal month of December.
POC Adds Strategic Hires; Creates New Territories in APAC Region
The updates and investments in the company’s regional and central teams will support continued brand growth and be closer and more responsive to its customers.
