SGB Update Apparel
Callaway Revenues Beat Q3 Estimates Despite Flattish Sales from Topgolf and Equipment
The company posted a 2.7 percent year-over-year decrease in revenue, driven by an 11.1 percent decrease in the Active Lifestyle segment, and partially offset by 1.2 percent revenue growth at Topgolf and flat growth in Golf Equipment revenues.
ThredUp Adds Amazon, Resale Vet as Head of Social Commerce
With over thirteen years of experience in e-commerce, fashion tech and resale, Danielle Vermeer will spearhead ThredUp’s efforts to make resale more engaging and accessible to a broader audience through innovative shopping experiences.
Skechers Readies Move to New European Distribution Center in 2028
The company will relocate its European distribution center to a 200,000-square-meter facility in Liège, Belgium to support the brand’s strategic expansion across Europe.
On Holding Continues Aggressive Growth But Higher Q3 Costs and EPS Miss Worry Street
On saw its highest gross profit margin since its IPO in September 2021, reaching 60.6 percent of net sales in Q3 2024, reportedly driven by growth in the DTC channel and a “continued disciplined approach to full-price sales.”
BJ’s Wholesale Club Promotes Two Senior Operations Leaders
Scott Schmadeke, SVP, field and fresh operations, has been named EVP and chief operations officer, effective immediately, and Krystyna Kostka, SVP of operations, has been named chief supply chain officer.
Von Maur Department Stores Opens First Pennsylvania Store in Pittsburgh
The retailer has opened its newest location at South Hills Village in the suburbs outside Pittsburgh, PA. The 118,000-square-foot store is the company’s first in Pennsylvania.
Golden Goose YTD Sales Climb 12 Percent on D2C Boost
Sales the Milan-based luxury streetwear and sneaker brand reached €466 million ($500 mm) in the nine months, up 12 percent year over year, driven by an 18 percent jump in DTC revenues.
L.L.Bean to Open First Indiana Store
The 16,000-square-foot L.L. Bean store will be the retailer’s fourth new location to open in 2024, giving it 61 stores in the U.S.
NRF: Import Cargo Could See Surge Ahead of Potential Port Strike and Trump Tariffs
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases planned by President-elect Donald Trump, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Blackcrows Partners with Rapha to Open Nest Pop-Up Shops in Boulder and Seattle
The French ski brand and maker of performance ski products and apparel, opened its first U.S. pop-up shops in collaboration with Rapha in Boulder, CO and Seattle, WA on November 1. They will remain open through the winter season.
StockX CEO to Step Down, COO Named as Successor
StockX announced that company CEO Scott Cutler has chosen to step down at the end of the year, succeeded by the online sneaker marketplace’s Co-Founder, President and COO, Greg Schwartz.
Golden Goose’s Debt Ratings Upgraded on Improving Sales
Moody’s Ratings upgraded Golden Goose S.p.A.’s debt ratings due to its strong revenue and profit performance in recent years with the aid of store openings. Sales have vaulted 60 percent from December 2021 to June 2024.
Schoeller to Close Swiss Manufacturing Plant, 170 Employees To Lose Jobs
The company cited Switzerland’s high labor and energy costs, the strong Swiss franc, and poor market environment since the pandemic to cover production costs. However, the company will continue production of its high-tech textiles in Asia with no disruption.
Black Diamond Parent Q3 Hurt by Outdoor Channels, Product Line Simplification Strategy
Outdoor segment (Black Diamond) sales were $49.3 million in the third quarter, compared to $61.1 million in the year-ago quarter. Sales in the Adventure segment (Rhino-Rack, Maxtrax and Tred Outdoors) decreased 11.9 percent to $17.8 million.
NRF: Holiday Spending on Track for Steady Growth Amid ‘Mixed Signals’ on Economic Data
NRF Chief Economist, Jack Kleinhenz, reported in the November Issue of the NRF’s Monthly Economic Review, that it continues to expect steady sales growth for the winter holiday season despite contradictions in the latest economic indicators.
