SGB Update Apparel
Report: Active Ride Shop To Auction Assets
Active Ride Shop, the skate shop based in Rancho Cucamonga, CA, has been taken over by its lender, GemCap. At least eight of its 26 stores have closed and its website has been shut down, according to a report from ShopEatSurf.
Zumiez’s Holiday Sales Jump
Zumiez raised its fourth-quarter guidance after reporting comparable sales increased 6.8 percent for the nine-week period ended January 4.
Stage Stores Reports 1.4 percent Holiday Comp Increase
Stage Stores reported same-store sales rose 1.4 percent for the nine-week period ended January 4, but came in below expectations.
Dick’s Closes Location In Orem, UT
Dick’s Sporting Goods has abruptly closed its location in Orem, UT. The store opened in 2012.
Tilly’s Sees Q4 Comp Decline
Tilly’s Inc. said it expects same-store sales to decline by 2 percent to 3 percent in the fourth quarter and earnings per diluted share to come in below guidance.
Delta Apparel Sees Q1 Sales Decline
Delta Apparel said it expects sales to decline 6.7 percent in the first quarter ended December 28, Sales were impacted by the shorter holiday calendar combined with an earlier shipping cut-off for in-hands holiday receipts.
Lululemon Raises Q4 Guidance
Lululemon Athletica Inc. lifted its guidance for the fourth quarter due to strong holiday sales. Total comparable sales are expected to increase in the mid to high teens on a constant dollar basis.
Fanatics Appoints First Chief Strategic Retail Officer
Fanatics Inc. promoted Gina Sprenger to become its first chief strategic retail officer. In this newly created role, Sprenger will lead all merchandising, inventory management and field operations for the company’s strategic retail division, which includes all flagship stores, stadium and in-venue retail locations as well as special events.
Gart Capital Acquires Work World
Gart Capital Partners, a private equity investment partnership located in Denver, has acquired California-based Work World, a workwear retailer. No financial terms were disclosed.
Nike Extends Deal With Chinese Athletics Association
Nike and the Chinese Athletics Association (CAA) signed a long-term partnership extension through to 2033.
JD Sports Sees “Positive” Holiday Sales
JD Sports said that against a backdrop of widely reported retail challenges in the Group’s core UK market, it is encouraging to report positive like for like trends in the Group’s global Sports Fashion fascias, particularly overseas.
AKU Appoints VP Sales And Marketing In USA
Italian footwear brand AKU announced that Canice Harte will join the AKU Outdoor company, serving as the vice president of sales & marketing in the U.S. Harte has worked for Nathan Sports, Waterbox, Salomon, Patagonia and The North Face.
Urban Outfitters’ Holiday Comps Expand 3 Percent
Urban Outfitters Inc. reported net sales for the two months ended December 31, 2019 increased 2.9 percent over the same period last year. Comparable Retail segment net sales increased 3 percent, driven by growth in the digital channel, partially offset by negative retail store sales.
Nike Outlet Store To Close At Corpus Christi Bay
The Nike Factory Store at Outlets at Corpus Christi Bay in Robstown, TX is closing.
Ross Stores Chief Merchant To Exit
Ross Stores Inc. announced that Bernie Brautigan, president, merchandising of Ross Dress for Less since 2016, is leaving the company.
