SGB Update Apparel

Primark to Open Store in Tysons Corner

Tysons Corner Center in Tysons, VA, will open on July 16, increasing the retailer’s U.S. store count to 25 in 10 states and over 445 stores globally.

April Golf Rounds Show Slight Gain

Golf Datatech, which has agreed to be acquired by Circana, reported that the national rounds of golf played were up 0.8 percent for the month of April year over year and are up 4.2 percent in the first four months of the year.

Golden Goose’s Debt Ratings Upgraded On Strong Q1, Upcoming IPO

S&P Global Ratings raised the debt ratings on Golden Goose SpA due to its strong operating performance in the first quarter marketed by 12 percent growth on a constant-currency basis. The company said the Italian luxury brand’s producer’s ratings could be further upgraded upon the expected completion of an initial public offering.

Rally House Opens Third Wisconsin Store, Second in Louisiana, First in Colorado

Rally House’s third store in Wisconsin is now open, Rally House Brookfield Square. The retailer also broadened its market reach in Louisiana with its second store in the state, Rally House Tanger Gonzales. Rally House Castle Rock in Colorado pushes the company past a milestone, as they are now in 20 states nationwide.

TJX Companies Plans Joint Venture in Mexico with Grupo Axo

TJX does not anticipate this proposed transaction with Guppo Axo, the operator of global brands in Mexico and South America that includes both full- and off-price formats, to have a material impact on its previously reported sales, profit or earnings per share guidance for Fiscal Year 2025.

Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises

Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.