SGB Update Apparel
VF Corp.’s Q4 Sales Top Wall Street’s Target
VF Corp. reported sales in its fiscal fourth-quarter beat top-line estimates but earnings came in slightly below targets. Sales in the quarter grew 19 percent on a currency-neutral basis, led by a 23 percent gain by The North Face. Vans’ sales grew 10 percent and Timberland’s sales gained 19 percent on a currency-neutral basis.
Foot Locker Blasts Past Earnings Forecast Amid Soaring Sales
Foot Locker Inc. reported earnings and sales that came in well above pandemic-impacted year-ago levels as well as easily ahead of Wall Street’s targets. Total sales increased 83.1 percent year over year. As compared to the first quarter of 2019, total sales advanced 3.6 percent.
Ross Stores Sees 17 Percent Q1 Gain
Ross Stores Inc. reported earnings per share for the 13 weeks ended May 1, 2021 grew 17 percent to $1.34 on a two-year basis on net income of $476 million.
Kathmandu Appoints New CEO
Kathmandu Holdings Limited announced the appointment of Michael Daly, CEO of Rip Curl, as group chief executive officer and managing director following the resignation of Xavier Simonet, chairman of Kathmandu Holdings.
Arc’teryx Appoints VP, Brand
Arc’teryx Equipment announced the appointment of Karl Aaker to the role of VP, brand, effective immediately. He formerly worked for Lululemon and Nike.
Kohl’s Hikes Outlook As First-Quarter Results Far Exceed Expectations
Kohl’s Inc. significantly increased its earnings outlook for the year after reporting first-quarter results that came in well ahead of Wall Street’s targets. Said Michelle Gass, Kohl’s CEO, “We saw momentum build through the quarter, especially in our stores where we continue to elevate the experience.”
TJX’s Q1 Results Beat Wall Street Expectations
TJX Cos. reported earnings and sales came in well ahead of year-ago pandemic-impacted levels and easily topped Wall Street targets. TJX’s report also indicated that Sierra Trading had 52 locations open at the close of the quarter, up from 48 a year ago.
Arizona’s First Scheels To Open Fall 2023 In Chandler
Scheels announced plans to bring its first location to Arizona, opening Fall of 2023 in Chandler. The shopping destination is planned for the Chandler Fashion Center after a full renovation and expansion of a vacant building, and will feature 220,000 square feet of retail space.
USTA Announces ‘Growing the Game’ Grants
The USTA (United States Tennis Association) announced the next phase of its funding to continue building the sport of tennis. The additional funding, with the support and services of the USTA and the 17 USTA sections amounted to a total of $50 million infused into the tennis economy by the sport’s national governing body.
Target’s Q1 Comps Jump 23 Percent
Target Corp. reported a significant hike in first-quarter earnings as same-store sales ran up 22.9 percent.
Hanesbrands’ Debt Ratings Affirmed On Three-Year Plan; Outlook Negative
S&P Global Ratings retained its debt rating on Hanesbrands and kept its outlook negative after the company presented its three-year growth plan amid an evolving outlook for the U.S. apparel industry, one year after the onset of the COVID-19 pandemic.
PGA Shows Sets Events For Orlando And Las Vegas
PGA Golf Exhibitions, in partnership with the PGA of America, announced several initiatives regarding its annual PGA Show and year-round programs to connect the industry and drive the golf business forward.
Patagonia Has Top Corporate Reputation In Axios Harris Poll
Patagonia sits atop the 2021 Axios Harris Poll 100 list of corporations that rank them by reputation, a 31 spot improvement from last year. Also scoring well on the list were Costco, Amazon, REI, Adidas, and Nike.
Outdoor Research Hires GM To Drive Military And Tactical
Building on its U.S. and off-shore manufacturing capabilities, Outdoor Research (OR) hired David Hein as General Manager, Military and Tactical.
The Running Event Partners With Running USA
The Running Event (TRE) announced a partnership with Running USA to develop and implement conference programming for race directors at the event taking place November 30 to December 2, 2021 in Austin, TX.
