SGB Update Apparel
L.L.Bean Partners To Deliver On-Site MBA Education To Employees
L.L.Bean and Husson University announced that a group of 22 L.L.Bean employees has begun pursuing their Master of Business Administration (MBA) degrees from Husson University through a workforce development initiative.
Globe International’s Sales Climb 8 Percent In Fiscal Year
Globe International Limited, based in Melbourne, reported continued growth in net sales for the year ended June 30 while profitability was just below the previous corresponding period mainly due to the impact on margins from the strengthening of the US dollar against the AUD.
TIA Finds 2.1 Percent Growth In Tennis In 2018
The total value of the U.S. tennis economy grew by 2.1 percent last year to a total of $6.19 billion, according to data from the Tennis Industry Association’s annual Economic Index, created to evaluate the total worth of the U.S. tennis industry to the overall economy.
Outdoor Retailer Combines Winter Shows In January
Outdoor Retailer, in concert with the Outdoor Industry Association (OIA), as well as key brands and advising retailers, announced it will not produce Winter Market, scheduled for November 5-7, 2019. The show will be united with the Snow Show, creating the Outdoor + Snow Show, scheduled for January 29-31, 2020 at the Colorado Convention Center in Denver, bringing the entirety of the community together.
Nordstrom’s Q2 Tops Estimates
Nordstrom Inc. reported second-quarter earnings that topped expectations although sales came in at the lower end of the expected range.
Delta Galil Appoints Steve Moore President, Mass Division
Delta Galil Industries Ltd. named Steve Moore as president, Mass Division. Moore is a mass merchandising executive with more than 25 years of experience, including at Gildan Activewear and 14 years at Hanesbrands Inc.
Urban Outfitters’ Q2 Profits Slide 35 Percent
Urban Outfitters, Inc. reported total company net sales for the three months ended July 31, 2019, decreased 3.0 percent over the same period last year to $962 million. By brand, comparable Retail segment net sales increased 6 percent at Free People and decreased 3 percent at the Anthropologie Group and 5 percent at Urban Outfitters.
Soccerloco Becomes Official Supplier To 619Futsal
The 619Futsal organization, including the 619Futsal Academy, announced that Soccerloco, a leading soccer retailer in the western region, will become the official apparel and equipment supplier to the club for the next three years.
Nike Secures Licensing Agreement For NYC Logos
Nike has been granted a two-year licensing agreement allowing the company to use iconic New York City’s logos on its merchandise.
New Wave Group Sees Double-Digit Gains In Q2
New Wave Group AB, the Sweedish-based owner of Ahead, Auclair, Craft and Cutter & Buck, reported sales rose 11 percent in the second quarter and gained 6 percent on a currency-neutral basis. New Wave’s Sports & Leisure segment sales in the quarter grew 17.5 percent.
TJX’s Q2 Earnings Expand 7 Percent
TJX Cos. reported earnings rose 7 percent in the second quarter as same-store sales grew 2 percent.
Kohl’s Q2 Profits Top Expectations
Kohl’s Corporation reported a strong start to the back-to-school selling season and its partnership to accept Amazon returns inside stores helped the retailer beat Wall Street earnings expectations during the second quarter ended August 3.
Report: Dick’s Sporting Goods Opens Three Clearance Outlets
Dick’s Sporting Goods has reportedly transformed three of its stores into Dick’s Sporting Goods Clearance Outlets since May. The stores sell only clearance footwear and apparel from a variety of brands, and do not stock sports equipment or other products.
Kohl’s Aligns With Facebook For “Curated” Collections
Kohl’s announced the introduction of Curated by Kohl’s, a new selection of products from emerging brands available in more than 50 Kohl’s stores and Kohls.com beginning mid-October 2019. Powered by Facebook, Curated by Kohl’s will bring a new assortment of brands into multiple departments.
J.C. Penney May Face Delisting
J.C. Penney said the New York Stock Exchange on August 6 notified the company that it is no longer in compliance with continued-listing criteria. Continued-listing requires an average closing share price of at least $1 for 30 straight trading days.
