SGB Update Apparel
Stage Stores’ Comps Jump 17.4 Percent
Stage Stores Inc., which is converting many of its banners to the Gordmans off-price concept, cut its losses in the third quarter as same-store expanded 17.4 percent.
Macy’s Lowers Outlook As Q3 Comps Decline
Macy’s Inc. reduced its annual profit forecast for the second time this year after reporting its first drop in same-store sales in two years. CEO Jeff Gennette said in a statement.“The sales deceleration was steeper than we expected.”
Lululemon Opens ‘Experiential’ Shop At Mall of America
Lululemon has opened a 19,700-square-foot “experiential” store at Mall of America. Modeled after its store in Chicago’s Lincoln Park neighborhood, the location includes studios for yoga and HIIT activities, a Fuel Bar and a gear trial program.
Hi-Tec Lifestyle Officially Launches In North America
Apex Global Brands announced this week that Hi-Tec Lifestyle made its North American debut exclusively through Urban Outfitters. Following a successful European launch, the heritage-meets-streetwear inspired clothing brand is being sold exclusively online and in the U.S.-based retailer’s Herald Square location in New York City as of November 2019. The unisex capsule collection features nine […]
Urban Outfitters Q3 Profits Fall
Urban Outfitters Inc. reported earnings slumped 28.2 percent in the third quarter to $55.7 million, or 56 cents, missing Wall Street’s consensus estimate by a penny.
Adidas Launches Retail AR Experience With Eyecandylab
Eyecandylab , which specializes in creating interactive video-triggered augmented reality experiences, has developed a concept with Adidas that brings storytelling and immersive experience within a physical store to a new level. The project raises awareness of Adidas’ sustainably manufactured products made from recycled ocean plastic.
Macy’s Reports Data Breach
Macy’s Inc. on Tuesday said customer data may have been stolen from its website over a roughly one-week period in October.
Ron Jon Surf Shop Opens Location At Disney Springs
Ron Jon Surf Shop opened a 10,000-square-foot store at the Town Center at Disney Springs at Walt Disney World Resort. The location marks Ron Jon Surf Shop‘s 12th location in the U.S.
OIA Finds $2.6B Outdoor Industry Impact From Tariffs
The outdoor industry has been hit hard by a tax “avalanche” as new tariff data from Outdoor Industry Association (OIA) indicates that American outdoor businesses have paid an additional $2.6 billion in punitive tariffs over last year, as the trade war with China rages on with no definitive end in sight.
Lacrosse Unlimited Partners With Staple Pigeon
Lacrosse Unlimited, which operates 43 stores across twelve states, has collaborated with New York City-based streetwear brand Staple Pigeon on a limited-edition collection.
TJX Lifts Guidance On Q3 Beat
The TJX Companies Inc. raised its guidance for the year as both sales and earnings per share exceeded expectations in the third quarter. The report also shows that the store count for Sierra Trading has grown to 46 from 39 a year ago.
Kohl’s Cuts Annual Profit Guidance On Q3 Shortfall
Kohl’s Inc. reduced its earnings outlook for the year after reporting third-quarter earnings slumped 28 percent and came in below Wall Street’s targets. Same-store sales inched up 0.4 percent in the period.
Hylete Postpones IPO
Hylete Inc., an online seller of fitness apparel and gear based in San Diego, said it has postponed its previously announced initial public offering. Hylete will continue to evaluate the timing for the proposed offering as market conditions develop.
October Retail Sales Grew 4.2 Percent
Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation said.
Eddie Bauer Signs Carla Perez And Angela Hawse To Guide And Athlete Team
Eddie Bauer announced the addition of two highly accomplished mountain guides, Angela Hawse and Carla Perez, to its world-class guide and athlete team.
