SGB Update Apparel
Nordstrom Rack to Open Four New Stores in Florida in Fall 2025
Nordstrom, Inc. announced plans to open a Nordstrom Rack store in Estero, FL, in Fall 2025. In addition to this location, Nordstrom Rack will open new stores in Coral Springs, Melbourne and Lakeland, FL, also in fall 2025.
Amer Sports Sees Return of Former Communications and IR Chief Päivi Antola
Antola is returning to Amer Sports after leading corporate communications and investor relations from 2010 to 2018. She will join the company in April 2025 at the latest.
Target Maintains 2024 EPS Guide, Posts 2 Percent Holiday Comp, Shifts Leadership Team
Holiday sales were reportedly driven by a nearly 3 percent increase in traffic, representing gains across both stores and digital channels. During November and December combined, digital sales grew nearly 9 percent over the 2023 period.
Parent of 5.11, BOA, Primaloft, and Velocity Outdoor Amends Management Agreement
Compass Diversified Holdings has entered into a Seventh Amended and Restated Management Services Agreement with Compass Group Management LLC, the company’s manager.
Pura Vida Parent to Cut $20 Million in Company Costs
Vera Bradley, Inc., parent of the Vera Bradley and Pura Vida brands, announced a strategic cost efficiency initiative to reduce company costs by approximately $20 million annually commencing with its fiscal year 2026.
Big 5 Sporting Goods Narrows Q4 EPS Guide After Comps Fall 6.1 Percent
The company now expects to report a loss per basic share in the range of 94 cents to 97 cents for Q4, which compares to previous guidance for a loss per basic share in the range of 80 cents to $1.05.
Cotton Inc. Promotes William Kimbrell to President and CEO
The 22-year veteran of Cotton Inc. was executive vice president and chief operating officer before his promotion to CEO and president in November.
CNBC/NRF: Retail Monitor December Retail Sales Jump; Sporting Goods Rebounds
Core Retail Sales, excluding restaurants, auto dealers and gas stations, rose 2.2 percent m/m in December and up 8.4 percent y/y. That compared with a decrease of 0.19 percent m/m and an increase of 1.4 percent y/y in November.
Urban Outfitters Posts Strong Holiday Led by Anthropologie and Free People Comps
Comparable Retail segment net sales increased 10 percent at Anthropologie, grew 9 percent at Free People, and decreased 4 percent at Urban Outfitters. Nuuly segment net sales increased 55 percent.
ThredUp Sees Easy Beat for Preliminary Q4 Results Against Latest Outlook
The company posted total fourth quarter revenue growth of 9 percent in the U.S. market year-over-year, compared to the company’s initial guidance of a decline of 6 percent to 2 percent for the period
Zumiez Inc. Cuts Guidance as Mid-Singles Holiday Comps Growth Falls Short
Based on results for the holiday period, the company anticipates fiscal 2024 fourth-quarter net sales come in between $275 million and $277 million, compared to its previous guidance range of $284 million to $288 million.
MeatEater, Inc. Appoints Kevin Eskridge as Chief Commercial Officer
Kevin Eskridge joins MeatEater from Brunt workwear and after an 11-year tenure at Under Armour. Scott Trepanier, who reports to Eskridge, also joined MeatEater after a 14-year career at Columbia Sportswear, most recently as VP marketing.
Foot Locker, Inc. Elects Two Retail Heavy Hitters to Board of Directors
Sonia Syngal most recently served as president and CEO of Gap, Inc., including overseeing Old Navy, Gap, Banana Republic, and Athleta. John Venhuizen has served for 12 years as president and CEO of Ace Hardware Corporation.
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.
