SGB Update Apparel
Fanatics To Come Out With First-Ever Credit Card
Fanatics will introduce its first-ever credit card program as part of a long-term partnership with Synchrony.
Sears Avoids Liquidation With Last-Minute Improved Bid
Sears’ largest shareholder and chairman, Eddie Lampert, won a bankruptcy auction for Sears Holdings Corp., keeping the legendary department store from shutting all its remaining stores.
Puma And Porsche Design Form Strategic Partnership
Puma and Porsche Design have entered into a strategic partnership to bring a new line of high-end sportswear, footwear and accessories to the market, starting in the Spring/Summer 2019 season.
Nordstrom Holiday Same-Store Sales Rise 1.3 Percent
Nordstrom, Inc. announced a comparable sales increase of 1.3 percent for the nine weeks ended January 5. Full-Price sales were below the company’s expectations due to weak traffic and the department store operator now expected fourth-quarter earnings at the lower end of guidance.
JCPenney Announces Executive Leadership Changes
J. C. Penney Co. Inc. on Monday announced a series of leadership actions taking place over the next few months that will assemble a cross-functional executive team that merges the talents and perspectives of new and existing industry leaders to focus on the needs of the value-based consumer and position the company for growth.
Sportsman’s Warehouse Appoints Martha Bejar To Board Of Directors
Sportsman’s Warehouse Holdings Inc. on Monday announced that Martha Bejar has been appointed to the company’s board of directors, effective February 3, 2019. Following her appointment, the board will include eight members.
Big 5 Sporting Goods Same Store Sales Up 1.1 Percent In Q4
Sporting goods retailer Big 5 Sporting Goods Corp. on Monday reported sales results for the fiscal 2018 fourth quarter and full year ended December 30, 2018.
Delta Apparel Announces Preliminary First Quarter Results
Delta Apparel Inc. on Monday announced preliminary results for its 2019 fiscal first quarter ended December 29, 2018. The company anticipates overall net sales for the first quarter of its 2019 fiscal year to come in ahead of expectations at approximately $101 million, or about a 12 percent increase from prior year net sales of $90.3 million.
VF Corp. Appoints Laurel Krueger As VP, General Counsel, Kontoor Brands
VF Corp. on Monday announced that Laurel Krueger has been named vice president, General Counsel of Kontoor Brands Inc., the independent, publicly traded company that will result from the previously announced separation of VF’s Jeanswear organization.
Unifi Updates Outlook In Advance of Q2 Earnings Conference Call
Unifi Inc. on Monday announced preliminary financial results for its second fiscal quarter ended December 30, 2018. For Q2, the company expects net sales of approximately $167 million; gross margins of approximately 8.4 percent; operating loss between ($1.5) million and ($0.5) million; loss before income taxes between ($1.5) million and ($0.5) million; and adjusted EBITDA between $4.5 million and $5.5 million.
Royal Robbins Makes New Hires To Support Growth
In the wake of significant investments from its new parent company, Royal Robbins is undergoing a brand transformation, bringing aboard 11 key new personnel in the last six months. The company also has opened a new global headquarters in downtown San Francisco, and has moved its distribution operations into a new state-of-the-art distribution facility in Louisville, CO.
Tilly’s Sees 5.8 Percent Increase In Holiday Sales
Tilly’s Inc. said xomparable store net sales, including e-commerce, increased by 5.8 percent for the holiday period compared to an increase of 0.4 percent for last year’s holiday period.
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.
