SGB Update Apparel
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.
Foot Locker Unveils Washington Heights Community Power Store
Foot Locker announced the grand opening of its Washington Heights community-based Power Store. The store features a full suite of immersive capabilities for consumers to experience, including an activation space on the second floor. The 9,000 square foot store is also the first among Foot Locker stores to showcase Nike App at Retail digital technology.
The Running Event (TRE) Grows Leadership Team
The Running Event (TRE), the trade show in the running specialty industry that is produced by Diversified Communications, announced the appointment of corporate marketing and strategic development veteran Anne Gray as event director of TRE.
New Fleet Feet Location Set to Open In Atlanta Area
Fleet Feet announced the planned opening of a new store in Peachtree City, GA later this year.
Sequential Brands Sees Q2 Revenues Slide
Sequential Brands Group reported a loss in the second quarter as sales declined 20.2 percent.
The North Face Unveils Global Retail Strategy With Opening Of New SoHo Location
The North Face announced a new global retail strategy, beginning with the opening of a new store in the historic SoHo neighborhood of Manhattan on Friday, August 9.
Through the refreshed retail strategy, the brand will transform its existing locations into basecamps for exploration, aiming to create a stronger connection with consumers and evolve The North Face retail environment to a space that feels more like the brand and less like a store.
Sears To Close 26 More Stores
Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores.
The Buckle’s July Comps Dip
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 3, 2019 decreased 0.5 percent.
Adidas’ Q2 Currency-Neutral Sales Rose 4 Percent
Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas’ outlook was confirmed for the year.
Barneys Has Until October 24 To Find Buyer And Avoid Liquidation
Barneys New York, which filed for bankruptcy Tuesday, secured new financing from Brigade Capital Management, LP and B. Riley Financial Inc. and has been given a deadline of October 24 to find a buyer to avoid liquidating.
