SGB Update Apparel
Puma North America Opens New Arizona Distribution Center
The 1.2 million-square-foot automated distribution center in Waddell, AZ, includes 3.5 miles of conveyor, automatic retrieval and storage robots, and a new cubing process to optimize customer packaging.
Kohl’s Corporation Shares Fall as Retailer Cuts Guidance on Poor Fiscal Q1 Showing
Shares were down over 20 percent in pre-market trading on Thursday after the mid-tier retailer missed on estimates for the first quarter and then cut guidance for the year.
Duluth Holdings, Inc. Posts Wider Q1 Loss on Revenue Miss for Quarter
The company posted a net loss of $7.9 million in the first quarter, compared to a net loss of $3.9 million in the year-ago Q1 period. Loss per share doubled from a loss of 12 cents a share in the year-ago quarter to 24 cents per share in the 2024 Q1 period.
Foot Locker, Inc. North America Q1 Comps Down 2.5 Percent on DD Declines at Champs
Champs continues to be the big drag for Foot Locker as the company repositions the banner. Champs comped down in the mid-teens in Q1 as total sales fell nearly 19 percents year-over-year. Foot Locker banner comps were up 0.8 percent and Kids Foot Locker comps grew 6.4 percent.
New Pro Volleyball League Posts Solid Year One Metrics; Sees Top Salaries Rising for 2025
Pro Volleyball Federation, the newest women’s professional indoor volleyball league in the U.S., will continue lead in player compensation, as top salaries for 2025 were set at $175,000, with additional benefits of approximately $10,000 per player.
Sierra Celebrates 100th Store Opening
The 20,000-square-foot storem part of TJX Companies, Inc., will open on May 31 in Deertrace Kohler shopping center in Sheboygan, WI.
Beyond Yoga Opens at Bellevue Square Mall
The second Beyond Yoga flagship outside California opened in the Seattle area on May 29.
Gildan Activewear Re-Appoints Chamandy as President and CEO
The Gildan Activewear, Inc. Board of Directors re-appointed Glenn J. Chamandy as president and CEO and Michael Kneeland as non-executive Chair of the Board, each effective immediately.
Brand Velocity Group Appoints Joe Flannery as CEO of Score Sports
Most recently, Flannery was the EVP at Topgolf Callaway Brands, responsible for the company’s global apparel and softgoods businesses. He has also held executive roless at Adidas, Nike/Nike Bauer Hockey, The North Face, and Newell Brands.
Dick’s Sporting Goods Ups Full Year Outlook on Solid Q1 Results
The retailer saw mid-single-digit comparable stores sales growth in the first quarter ended May 4, but hurt by a much higher effective tax rate for the quarter that cut into any bottom-line benefits.
Hyosung Appoints European Marketing Manager Textiles
Based in Düsseldorf, Germany, Andreas Puchert is an industry veteran with 30 years of experience in the textile, sports, fashion, and retail markets.
Fanatics Partners with Rugby Australia With Online Store
Partnership runs through the 2025 Women’s Rugby World Cup, 2025 British & Irish Lions Tour and 2027 Rugby World Cup.
The Buckle Reports First Quarter Net Income
The Buckle is best known as a denim retailer, carrying leading brands in the category, including the company’s own brand, BKE. Net income for the fiscal quarter ended May 4, 2024 was $34.8 million, or $0.70 per share, or$0.69 per share on a diluted basis.
Ross Stores First Quarter Sales In Line with Guidance Despite Macroeconomic Headwinds
Earnings results for the period were better-than-expected primarily due to lower expenses relative to our plan.”
Deckers Brands Sees Sees Slower Growth Trend in Year Ahead
The parent of the Hoka, Ugg, Teva, Sanuk brands expects fiscal 2025 sales to grow 10 percent, compared to the 21 percent growth achieved in fiscal 2024 and a 19 percent compounded annual growth rate over the past four years.