SGB Update Apparel

Nike Veteran Lobbyist To Retire

Julia Brim-Edwards, senior director Nike GPA Global Enterprise Initiatives and WHQ Region, is leaving the company after 17 years, according to The Oregonian.

Athleta’s Q3 Revenues Climb Two Percent

Gap Inc. reported comparable sales at its Athleta chain increased 2 percent year-over-year and 41 percent versus 2019. Companywide, Gap slashed its full-year guidance due to shipment delays.

Nordstrom Misses Wall Street’s EPS Targets

Nordstrom Inc. reported third-quarter earnings exceeded year-ago levels but came in short of analysts’ estimates. The upscale retailer reiterated its outlook for the year as Nordstrom banner sales returned to 2019 levels.

Mitchell & Ness To Ramp Up Store Openings

Mitchell & Ness plans to open five to six more stores in the U.S. in coming years, CEO Kevin Wulff said in an interview with the Philadelphia Business Journal.

Dick’s SG Q3 Profits Soar Past Wall Street Targets

Dick’s Sporting Goods again raised its outlook for the year after reporting third-quarter earnings that blew past Wall Street targets. Consolidated same-store sales for the third quarter increased 12.2 percent on top of a 23.2 percent increase in the third quarter of 2020 and a 6.0 percent increase in the third quarter of 2019.

L.L. Bean Sees Inventory Shortages In Coming Weeks

Speaking at Husson University’s Richard E. Dyke Center for Family Business, L.L. Bean’s CEO Stephen Smith said he expects inventory to run low by mid-December due to ongoing supply chain challenges.

Urban Outfitters Posts Record Q3 EPS And Revenues

Urban Outfitters Inc. reported net income of $89 million and record earnings per share of 89 cents in the third quarter ended October 31. Sales grew double-digits on a two-year basis.

NWSL, Nike Sign Long-Term Agreement

The National Women’s Soccer League and Nike signed a long-term agreement that extends a partnership that began with the league’s formation in 2012.

Macy’s Announces Plans To Launch Curated Digital Marketplace

Macy’s Inc. announced plans to launch a curated digital marketplace. The new marketplace will significantly expand the company’s assortment in existing categories and brands and introduce a range of new categories, by enabling carefully selected third-party merchants to sell their products on macys.com and bloomingdales.com.