SGB Update Apparel
Arc’teryx Announces Clinic Lineup For 2020 Backcountry Academy
Arc’teryx will be offering a total of 71 clinics at this year’s Backcountry Academy, two of which are new: a 2-day overnight backcountry ski and camp experience, and a Level 2 Avalanche 3-Day Course.
The Buckle’s Q3 Profits Climb 27 Percent
The Buckle Inc. reported net income for the fiscal quarter ended November 2, 2019 rose 26.8 percent to $26.0 million, or 53 cents per share, from $20.5 million, or 42 cents, a year ago.
Hibbett Sports Boosts Full-Year Guidance On Q3 Beat
Hibbett Sports Inc raised its full-year outlook after reporting third-quarter profit and sales beat expectations. Earnings were more than double analysts’ targets as the retailer delivered its fourth consecutive quarter of comparable sales growth.
Foot Locker Tops Q3 Analyst Targets, Comps Climb 5.7 Percent
Foot Locker, Inc. reported earnings topped Wall Street’s consensus estimate in the third quarter as same-store sales ran up 5.7 percent. Said Dick Johnson, CEO, “We are pleased with our performance in the quarter, which reflects the success of our strategic focus on building even deeper connections with our customers and further strengthening relationships with our vendors.”
Ross Stores Raises 2019 Outlook After Q3 Beat
Ross Stores, Inc. reported earnings per share for the third quarter ended November 2, 2019 of $1.03, up from $.91 last year and ahead of Wall Street’s consensus estimates of 97 cents a share. Net earnings grew 9.8 percent.
OBIT: Jake Burton Carpenter
Jake Burton Carpenter, owner of Burton Snowboards and a snowboarding pioneer, passed away at the age of 65.
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.
