SGB Update Apparel
Lululemon Raises Fourth Quarter 2018 Guidance
Lululemon raised its EPS guidance for the fourth quarter and also now expects a total comparable sales increase in the mid-to-high teens on a constant dollar basis.
Columbia Sportswear Tim Boyle Urges White House, Congress To Reopen National Parks
“Make America’s Parks Open Again,” Columbia Sportswear Company’s Tim Boyle pleaded in a full page ad that ran Friday in The Washington Post.
The X Brace Joins The Medi-Dyne Family Of Brands
Medi-Dyne Healthcare Products, a leading producer of innovative pain relief, prevention, and healing products announced the acquisition of The X Brace.
Lands’ End Names Chieh Tsai Chief Product Officer
Lands’ End Inc. appointed Chieh Tsai, the company’s current senior vice president of design, to the newly-created position of chief product officer as its next step in continuing to refine the company’s signature look and feel.
Vail Resorts Seeing Healthy Growth Early In Ski Season
Season-to-date total lift ticket revenue at the company’s North American mountain resorts, including an allocated portion of season pass revenue for each applicable period, was up 12.2 percent compared to the prior year season-to-date period.
Sears Chairman Ups Bid For Sears
Sears Chairman Eddie Lampert has submitted a revised bid of roughly $5 billion in a last-ditch attempt to save the retailer from liquidation, The offer comes one day after Lampert’s initial $4.4 billion bid was rejected by the company as being financially inadequate.
Target Sees 5.7 Percent Holiday Comp Gain
Target Corp. reported comparable sales grew 5.7 percent in the November/December period. Given last year’s increase of 3.4 percent over that same period, comparable sales have grown more than 9 percent over the last two years.
PVH To Take Calvin Klein Restructuring Charge
PVH Corp. announced that it plans to to incur pre-tax costs of approximately $120 million over the next 12 months in connection with a Calvin Klein restructuring.
G-III Apparel Announces Share Repurchase
G-III Apparel Group Ltd. on Thursday announced that the company has repurchased approximately 723,000 shares at an average price of $28.09 per share under its existing authorized share repurchase program.
EU Opens Probe Into Nike’s Dutch Tax Arrangements
The European Commission opened an investigation into Nike Inc.’s tax deals with the Netherlands. The probe could potentially lead to Nike having to pay back millions of euros.
OBIT Dr. Bernice Sandler
Dr. Bernice Sandler, known as the “godmother of Title IX” for her work advocating for women’s and girls rights in education and athletics, has passed away at the age of 90.
Nike Expands Relationship With Gridsum
Gridsum Holding Inc., a provider of cloud-based big-data analytics and artificial intelligence (AI) solutions in China, announced that it has expanded its relationship with Nike, Inc., with the addition of data analysis, consulting, and data modeling services.
Albert P. Carey Appointed As Non-Executive Chairman Of Unifi Board of Directors
Unifi Inc. on Thursday announced the appointment of Albert P. Carey as non-executive chairman of its board of directors, effective immediately. Carey has played an active role with Unifi since being elected to its board of directors in January 2018.
The Buckle Reports December Comps Drop Slightly
The Buckle Inc. on Thursday announced that comparable store net sales, for stores open at least one year, for the 5-week period ended January 5, 2019, decreased 0.2 percent from comparable store net sales for the 5-week period ended January 6, 2018.
Kohl’s Lifts Lower End Of Guidance On Comps Increase
Kohl’s Corp. on Thursday reported comparable sales for November and December 2018 combined. On a shifted basis, which compares the nine weeks ended January 5, 2019 and January 6, 2018, comparable sales for the Holiday period increased 1.2 percent.
