SGB Update Apparel
Tilly’s Q3 Sales Impacted By Back-To-School Delays
Tilly’s Inc. reported earnings fell 67.2 percent in the third quarter on a 9.4 percent revenue decline. Online growth of 57.3 percent was unable to offset a 20.8 percent sales decline from physical stores.
Duluth Trading’s Q3 Sales Rose 13 Percent
Duluth Holdings, the parent of Duluth Trading, reported improved third-quarter earnings as sales grew 13.2 percent.
Retail Ecommerce Ventures Acquires Stein Mart’s IP Assets
Retail Ecommerce Ventures (REV) emerged as the winner of a bankruptcy court auction for the intellectual property (IP) of Stein Mart Inc. The acquisition follows the purchase of the IP assets of Modell’s Sporting Goods earlier this year and more recent purchases.
UPS Drivers Told Not To Pick Up Shipments From Nike And Other Retailers Amid Order Surge
UPS has reportedly told drivers across the country to stop picking up packages from six retailers, including Nike, as the carrier attempts to keep up with a record-breaking online shopping season amid the pandemic, according to an internal message obtained by The Wall Street Journal. The other retailers cited were Gap, Macy’s, L.L. Bean, Hot Topic, and Newegg.
The Buckle’s November Comps Increase 8.4 Percent
The Buckle Inc. announced today that comparable store net sales for the 4-week period ended November 28 increased 8.4 percent compared to a year ago. Net sales increased 8.1 percent to $86.3 million.
PVH Corp.’s Q3 Revenues Drop 18 Percent
PVH Corp. reported revenue in the third quarter decreased 18 percent to $2.118 billion or 21 percent on a constant-currency basis, a sequential improvement compared to the percentage revenue decreases in the prior two quarters.
Sequential Brands Announces Relaunch Of Review Of Strategic Alternatives
Sequential Brands Group Inc. announced that its Board of Directors has relaunched a broad exploration of strategic alternatives available to the company to best position it for success and maximize value. Such strategic alternatives may include the sale of the company or the divestiture of one or more existing brands.
NRF Sees Slight Decline In Shopper Traffic Over Thanksgiving Weekend
An estimated 186.4 million consumers shopped in-store and online from Thanksgiving through Cyber Monday, down slightly from 189.6 million in an unusually robust 2019, according to the annual survey released by the National Retail Federation.
Shimizu S-Pulse Becomes First J.League Club To Sign With Fanatics
Fanatics has signed a 10-year strategic partnership with Shimizu S-Pulse. The Tokyo-based J. League club becomes the first football club in Asia to sign with Fanatics.
NRF, RILA, USFIA Issue Response To Administration’s Enforcement Actions To Prohibit XPCC Cotton
The American Apparel and Footwear Association, National Retail Federation, Retail Industry Leaders Association, and The United States Fashion Industry Association responded to an announcement from the U.S. Department of Homeland Security and U.S. Customs and Border Protection (CBP) earlier today, on enforcement action regulating cotton imports from the Xinjiang Uyghur Autonomous Region (XUAR) of China to address widespread human rights abuses.
SoulCycle Appoints New CEO
SoulCycle announced that Evelyn Webster will become its CEO in mid-December. Webster was most recently the CEO of Guardian News and Media’s international operations.
Without COVID-19 Vaccine, Americans Say No To Indoor Sporting Events
Even with wearing personal protective equipment and staying socially distanced, 67 percent of Americans surveyed said they would not attend an indoor sporting event without a COVID-19 vaccine, that according to a poll conducted by Seton Hall University’s Sharkey Institute. And fifty-eight percent of respondents said they would not attend an outdoor event under the same circumstances.
Surfline Secures Funding, Appoints CEO
Surfline\Wavetrak Inc., the company behind surf forecasting platform Surfline, announced an investment of $30 million by TCG. The company also announced the appointment of Kyle Laughlin as CEO. Laughlin succeeds Jeff Berg, who will play an active role in the company as executive chairman.
RYU Apparel Appoints Western Canada Sales Manager
RYU Apparel Inc. welcomed Chris White as sales manager for its Western Canada region.
SGB Media Reports Top 20 Stories For November 2020
SGB Media has revealed its Top 20 read stories on SGBonline.com in November, according to stats compiled by Google Analytics.
