SGB Update Apparel
Lululemon Launches Streetwear Label
Lululemon introduced the a luxury streetwear label Lab online and in 45 stores.
Neiman Marcus CFO Steps Down
Neiman Marcus Group’s Chief Financial Officer Adam Orvos is leaving the company to join another “as a natural progression in his career.”
August Retail Sales Grew 4.1 Percent
Retail sales were up 0.4 percent in August seasonally adjusted from July and up 4.6 percent unadjusted year-over-year, the National Retail Federation said.
StockX Appoints First Chief Marketing Officer
StockX, a leading online marketplace for retro sneakers, announced that Deena Bahri has been appointed its first chief marketing officer.
NFL Merchandise Sales Surge In Week 1
Week 1 NFL merchandise sales at NFLShop.com and across the entire Fanatics network of e-commerce sites (which also includes many of the NFL Clubs online stores) were up 30 percent year-over-year, according to the NFL.
Duluth Holdings Cuts Full-Year Guidance On Q2 Shortfall
Duluth Holdings Inc., the parent of Duluth Trading, reduced its outlook for sales and earnings for the year after reporting second-quarter results that came in below Wall Street targets. Stephen Schlecht, the company’s founder who just reassumed the role of CEO, said, “We know that our performance in the first half of this fiscal year fell below our expectations, and that now all our attention and resources must be completely focused on delivering a successful fourth quarter.”
JD Sports Seeing Modest Improvement At Finish Line
JD Sports reported Finish Line’s comps grew 3 percent in the first half and showed slight improvement in product margins. The sixth JD Sports banner opened in the U.S. with success being found in expanded apparel range. A JD Sports’ Times Square location is scheduled to open in spring 2020.
J.C. Penney To Open Outdoor-Themed In-Store Shops
J.C. Penney said Tuesday that it plans to launch an Outdoor Shop, selling apparel and other excursion gear, in 100 of its roughly 830 department stores next month. The company also announced the launch of an in-house brand called St. John’s Bay Outdoor.
Columbia Sportswear To Support Dorian Relief Efforts
Columbia Sportswear Company announced that in response to Hurricane Dorian’s extensive damage in the Bahamas, they will begin a Retail Charity Checkout Program to support Dorian relief efforts in the Bahamas and the U.S.
Kohl’s Announces President Plans to Step Down, Paul Gaffney Named CTO
Kohl’s announced that Sona Chawla will step down from her role as president at Kohl’s in mid-October to pursue new opportunities. Paul Gaffney, most recently at Dick’s Sporting Goods, has been named chief technology officer.
Neiman Marcus Appoints President And Chief Merchandising Officer
Neiman Marcus Group announced the appointment of Lana Todorovich to president and chief merchandising officer.
Under Armour Appoints Stephanie Pugliese As President, North America
Under Armour Inc. announced the appointment of Stephanie Pugliese, former CEO of Duluth Trading Company, as president, North America.
G-III Apparel Lowers Full-Year Guidance Due To Tariffs
G-III Apparel Group, Ltd. reported a modest increase in earnings on an adjusted basis in the second quarter ended July 31 as sales expanded 3.1 percent. Guidance was reduced for the year due to tariffs.
Columbia Sportswear Executive Joins Pancreatic Cancer Action Network’s Board
The Pancreatic Cancer Action Network (PanCAN), a leading patient advocacy organization, announced that Columbia Sportswear executive Lisa Kulok has joined its national board of directors.
Oracle To Add More Than 25 New Pro Tennis Tournaments In U.S.
Oracle announced the creation of the Oracle Pro Series, a schedule of more than 25 new ATP, WTA and ITF World Tennis Tour professional tournaments to be held across the United States over the course of 2019 and 2020. The Oracle Pro Series will create more than 40 percent new playing opportunities in the United States for tennis professionals.
