SGB Update Apparel
The Buckle’s Comps Climb In December
The Buckle Inc. reported comparable store sales increased 5.0 percent in December. Overall sales increased 4.8 percent to $143.9 million from $137.4 million in the same period a year ago.
JCPenney’s Holiday Comps Sink
J. C. Penney Company Inc. announced that its comparable store sales for the combined nine-week period ending January 4, 2020 decreased 7.5 percent. The retailer reaffirmed its guidance for the year.
Kohl’s Holiday Comps Dip 0.2 Percent
Kohl’s Corp. reported that its comparable sales for fiscal November and December 2019 combined decreased 0.2 percent over the same period last year. The department store operator expects EPS to come in at the low-end of guidance.
PVH Corp. Names Regional President, PVH Asia Pacific
PVH Corp. announced that Tom Chu will become regional president of PVH Asia Pacific, effective February 1, 2020.
Fanatics Brands Secures New Headquarters
Fanatics Brands, the in-house apparel division for Fanatics Inc., has signed a lease for three full floors, or 92,000 square feet, at 5332 Avion in Tampa. Previously, the apparel division has been spread across three locations in Tampa.
Target Launches All in Motion Sports Brand
Target has launched a proprietary All in Motion sports brands. Items will range from sports bras and leggings to hand weights and yoga mats.
Lululemon Appoints Nikki Neuburger Chief Brand Officer
Lululemon Athletica Inc. appointed Nikki Neuburger as chief brand officer, effective January 20. She was most recently global head of marketing for Uber Eats. Previously, Neuburger spent 14 years at Nike, most recently serving as the company’s global vice president of Nike Running.
Boardriders Announces Australia Bushfire Relief Efforts
Boardriders Inc., the parent of Billabong, Roxy, Quiksilver, DC Shoes, RVCA and Element, announced that it is launching a multi-prong relief effort to support communities impacted by the Australia bushfire crisis.
PVH Announces $100,000 Contribution To Australian Bushfire Relief
PVH Corp. announced a $100,000 AUD contribution to the Australian Red Cross Disaster and Recovery Fund.
Macy’s Reports Slight Decline In Holiday Sales
Macy’s Inc. announced comparable sales results for the months of November and December 2019 were down 0.7 percent on an owned basis in the November/December holiday period. Said Jeff Gennette, chairman and CEO, “Macy’s, Inc.’s performance during the holiday season reflected a strong trend improvement from the third quarter.”
Macy’s Closing 15 Stores
Macy’s is closing at least 15 stores in early 2020, according to reports.
Brooks Running Extends Partnership With P3R
Brooks will continue to showcase their expertise as the official Apparel and Footwear Provider for all of P3R’s races, including (but not limited to) the Dick’s Sporting Goods Pittsburgh Marathon weekend of events, Fleet Feet Liberty Mile, EQT Pittsburgh 10 Miler, GAP Relay presented by UPMC Health Plan, and the FlyBy 5K presented by CNX Resources.
Under Armour Appoints Chief Accounting Officer
Under Armour hired a chief accounting officer accounting and corporate controller on November 25, three weeks after publicly confirming that its accounting practices are being investigated by the federal government, according to a report in the Baltimore Business Journal.
Hadley Development Acquires Muddy Girl
Hadley Development has acquired the intellectual property of Sirphis LLC, including Muddy Girl, Lifestyle Camo, Pulse, and Grit House.
Snowsports Merchandising Corp. Celebrates 50th Anniversary
In 1970 eight ski retailers got together to form the Snowsports Merchandising Corporation (SMC), a buying group in the winter sports industry. In 2020, the SMC is proud to announce 50 years of servicing the specialty retail community.
