SGB Update Apparel

Delta Apparel Q4 Revenues Climb 6 Percent

Delta Apparel Inc. reported earnings rose 38 percent in the fiscal fourth quarter ended October 2 as sales rose 5.9 percent on comparable thirteen-week quarters.

Foot Locker Appoints COO; Announces Leadership Realignments

Foot Locker Inc. has promoted Frank Bracken, EVP and CEO, Foot Locker North America, to COO as part of several leadership realignments. In the newly created role, Bracken will oversee the company’s global operations and omnichannel customer experience, including global technology and supply chain, reporting to Richard A. Johnson, Chairman and CEO, Foot Locker.

Stio Announces Key Hires

Stio, the mountain lifestyle brand headquartered in Jackson Hole, WY, announced several key new leadership positions for the brand.

Macy’s Q3 Same-Store Sales Jump 37 Percent

Macy’s Inc. significantly raised its earnings outlook for the year after reporting third-quarter results that exceeded expectations. Comparable sales jumped 35.6 percent versus 2020 and 8.7 percent versus 2019.

Thanksgiving Weekend To See More Holiday Shoppers Than Last Year

Nearly two million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday this year even as consumers have continued the trend of starting their holiday shopping earlier in the year, according to the annual survey released by the National Retail Federation.

Compass Diversified Announces Strengthened Capital Structure

Compass Diversified (CODI) completed its previously announced offering of $300 million in aggregate principal amount of 5.000 percent senior unsecured notes due 2032 in a private offering. In conjunction with the completion of this offering, CODI has reduced its revolver borrowings by $297 million and now has access to approximately $583 million of its $600 million revolving credit facility.

Former Patagonia CEO Joins ReGen Ventures

ReGen Ventures, a global early-stage venture fund that invests in regenerative technologies, announced that former Patagonia CEO Rose Marcario has joined the firm as a partner.

Target’s Q3 Same-Store Sales Climb 13 Percent

Target Corp. reported comparable sales grew 12.7 percent in the third quarter on top of 20.7 percent growth last year. Brian Cornell, CEO, said, “Our third-quarter comp increase of 12.7 percent was driven entirely by traffic, and reflects continued strength in our store sales, same-day digital fulfillment services and double-digit growth in all five of our core merchandising categories.”

TJX Comps Climb 14 Percent In Third Quarter

The TJX Companies Inc. reported net income for the third quarter was $1.0 billion, or 84 cents a share, a 24 percent increase over 68 cents per share in the third quarter of Fiscal 2020. Q3 FY22 overall open-only comp-store sales increased 14 percent over Q3 FY20

Retail Sales Jump In October

The U.S. Census Bureau said overall retail sales in October were up 1.7 percent seasonally adjusted from September and up 16.3 percent year-over-year.