SGB Update Apparel
Ugg Celebrates the Holiday Season with “Corner” Pop-Up in Nordstrom NYC
“Ugg at The Corner” features a curated selection of Ugg-branded footwear, outerwear, sportswear, socks, robes, and cold-weather accessories for men, women and kids.
EXEC: Fila USA Continues Downward Spiral as Q3 Revenues Fall 57 Percent Over Two Years
The company said the decline in Q3 was mainly due to the competitive market environment in the sports fashion category caused by “excessive discounting.” The company is now focusing on margin improvement and brand-centric strategies to enhance brand equity.
Golf4Her Launches Mulligan Re-Sell Boutique
The company founded the boutique shopping experience for the “eco-conscious golfer who wants to refresh their wardrobe while embracing sustainability.”
Perfect Moment Sees Fiscal Q2 Sales Fall 35 Percent Leading into Key Winter Season
The company’s net loss was $2.7 million or a loss of 17 cents per basic and diluted share in the fiscal second quarter, compared to a net loss of $0.8 million or a loss of 29 cents per basic and diluted share in the year-ago Q2 period.
Dillard’s, Inc. Net Income Falls 21 Percent Year-Over-Year as Sales Dip 4 Percent
The retailer reported that Cosmetics was its strongest-performing merchandise category, with the weakest performances noted in juniors’ and children’s apparel and men’s apparel and accessories.
Turtleson Bolsters Sales Representation for Mid-Atlantic
Available in golf shops, men’s specialty stores and online, Turtleson sportswear will be represented by in-house industry veteran industry veteran Mark Gama in Virginia, Maryland, Delaware, Pennsylvania, and New Jersey.
Nordstrom Rack to Open New Idaho Location in Fall 2025
The 25,000-square-foot store will be located in The Village at Meridian, a shopping center that includes Lego, Evereve, Warby Parker, and Brandy Melville. The Village at Meridian is owned and managed by CenterCal Properties, LLC.
Report: Christmas Gifting Trends and Consumer Insights from YouGov Survey
YouGov data suggests word of mouth remains the best way for companies to make their products the hottest Christmas gift of 2024, with 18- to 34-year-olds twice as likely to get their gift ideas that way versus social media.
REI Co-op Appoints Chief Marketing Officer
The specialty retailer said Abigail Jacobs brings an impressive background leading marketing for major consumer retailers including Sephora, Williams-Sonoma, West Elm and the Pottery Barn brands.
Capri Holdings and Tapestry Terminate Merger Agreement
The companies mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.S. regulatory approvals was unlikely to be met by the merger agreement’s outside date of February 10, 2025.
Wolverine Worldwide Opens Boston Innovation Hub for Product and Design Teams
The 11,000-square-foot facility will accommodate employees from the company’s design and product teams, including Saucony product team members in design, development, product management and merchandising.
S&P: Holiday 2024 Sales Growth Will Fall Short of 2023
S&P Global Ratings is forecasting that holiday sales growth will slow to about 3 percent in 2024 from 4.7 percent last year, remaining below the 10-year average of 5.3 percent. The firm said its outlook is influenced by waning, but persistent, inflation that has pressured household budgets.
October Inflation Rate Gains 20 Basis Points from September’s Year-Over-Year Reading
The CPI, which measures costs across a spectrum of goods and services, increased 0.2 percent for the month. That took the 12-month year-over-year inflation rate to 2.6 percent, up 20 basis points from September.
Winter Occupancy Down on Higher Rates at Western Mountain Resorts
Overall, winter occupancy and rates are pretty even with last winter as of October 31, but the first three months of the season, from November through January, are more sluggish than usual. December is the biggest concern.
CNBC/NRF: October Retail Sales Bounce Back
Leaders in the year-over-year growth included E-Commerce & Catalog; Clothing, Footwear & Accessories stores, and Health & Personal Care stores. The Sporting Goods sector, which also includes Hobby, Music and Book stores, posted solid (+2.7 percent) month-over-month results but declined year-over-year.
