SGB Update Apparel
Nike Announces 12 Percent Increase In Quarterly Dividend
Nike Inc. announced that on November 19, 2020 its Board of Directors approved a quarterly cash dividend of $0.275 per share on the company’s outstanding Class A and Class B common stock.
Foot Locker Expands Community Power Store Concept To Canada
Foot Locker announced the grand opening of its first Canadian Community Power Store in Vancouver, BC. A second community-based power store will open in Toronto, Ontario in early December.
The Buckle’s Q3 Earnings See Sharp Uptick
The Buckle Inc. reported earnings rose 60 percent in the third quarter ended October 31 as same-store sales advanced 12.4 percent.
Hibbett Sports’ Third-Quarter Earnings Surge
Hibbett Sports Inc. reported earnings increased more than four-fold in the third quarter as same-store sales climbed 21.2 percent. The retailer blew past estimates and raised its guidance for the year.
Lululemon Names Chief Financial Officer
Lululemon Athletica Inc. announced the promotion of Meghan Frank to chief financial officer. Frank joined Lululemon in 2016, and, effective November 23, will become the company’s first female CFO.
Foot Locker’s Q3 Comps Jump 7.7 Percent
Foot Locker Inc. reported earnings on an adjusted basis grew 4.9 percent in the third quarter ended October 31 to handily exceed Wall Street targets. Same-store sales climbed 7.7 percent. Richard Johnson, chairman and CEO, said, “Although the back-to-school selling season kicked in later than usual due to COVID-19-related delays, momentum built as the quarter progressed.”
Ugg’s Flagship Store Opens In NYC
Ugg’s new flagship store, located at 530 Fifth Avenue in New York City, opened today. A subsidiary of Decker Brands the concept store is the first for Ugg in the Big Apple with a 12,842-square-foot store that showcases its collections of footwear, ready-to-wear, accessories, and home.
Delta Apparel Reports 70 Percent Operating Profit Expansion In Q4
Delta Apparel Inc. reported net income rose 42.9 percent in the fiscal fourth quarter ended October 3 as sales advanced 8.1 percent. Net sales in the Delta Group and Salt Life Group segments increased 7.6 percent and 12.5 percent, respectively, over the prior-year period.
Ross Stores Sees Slight Same-Store Decline In Q3
Ross Stores Inc. reported third quarter 2020 sales declined 2 percent to $3.8 billion, with comparable-store sales down 3 percent.
Mountain Hardwear Bolsters European Presence With New Distribution Partners
Mountain Hardwear announced the expansion of its international distribution to include four new distribution partners in Europe.
Tommy Hilfiger Appoints President And Chief Brand Officer
Tommy Hilfiger, which is owned by PVH Corp., appointed Avery Baker as president and chief brand officer, effective November 17, 2020.
Under Armour, University Of Cincinnati Agree To Buyout
Under Armour has reached a buyout agreement with the University of Cincinnati, terminating its apparel sponsorship contract, according to documents obtained by the Baltimore Business Journal.
National Lacrosse League Partners With Fanatics
The National Lacrosse League announced a partnership with Fanatics, which will bring the league’s online merchandise and retail efforts into one consolidated location for all NLL clubs.
Lululemon Adds Board Member
Lululemon Athletica Inc. announced the appointment of Kourtney Gibson to serve on its Board of Directors. Gibson is President of Loop Capital Markets.
Camping World To Acquire All RV Needs
Camping World Holdings Inc. announced an agreement to acquire All RV Needs in Medford, OR.
