SGB Update Apparel
TJX Raises Full-Year Guidance On Strong Q2
Apparel and home fashions retailer The TJX Cos. Inc. raised the company’s full-year guidance after reporting net sales for the second quarter ended August 4 increased 12 percent to $9.3 billion. Consolidated comparable store sales increased 6 percent over the comparable period last year ending August 5, 2017.
Under Armour Introduces UA Sportstyle Category With Collaborations
Under Armour launched a new UA Sportstyle category through collaboration with a global team of “Pioneers” who will hold a series of forums designed to empower communities.
Kohl’s Q2 Earnings Vault 40 Percent
Kohl’s Corp., reported net earnings in the second quarter ended August 4 rose 40 percent on a 3.1 percent comp gain and 42 basis points improvement in gross margins. The department store operator lifted the company’s guidance for the year.
Industry Rallies Against Proposed Tariffs On China-Made Goods
Officials from the Sports & Fitness Industry Association (SFIA) and Outdoor Industry Association (OIA) testified in strong opposition to proposed tariffs on Chinese-made sports, fitness and outdoor products. The officials stated that the proposed tariffs would likely raise prices for consumers and lead to job losses while also stressing how essential sports and outdoor products are in supporting healthy and active lifestyles.
Adidas Partners With Twitter To Live Stream Football Games
Adidas and Twitter announced ‘Friday Night Stripes’–the first-ever live streaming series of high school football games on Twitter.
Luxury Online Marketplace Farfetch To Go Public
London-based luxury online marketplace Farfetch filed for an IPO on Monday and plans to list on the New York Stock Exchange under the ticker FTCH.
L.L.Bean Exec Joins Furniture Maker
Brad Kauffman, SVP of business transformation and strategy at L.L. Bean, has joined Thos. Moser, maker of handcrafted American furniture, as the company’s new chief revenue officer.
Nike To Sponsor Alabama A&M
Alabama A&M’s athletic department has joined an apparel partnership with Nike and BSN that begins during the 2018-19 athletic seasons.
Agenda And Liberty Fairs Announce Move
Agenda and Liberty Fairs announced plans to move out of the Sands Expo and Convention Center on the Las Vegas Strip to downtown Las Vegas, starting in February 2019. Adjacent to the up-and-coming Arts District, downtown Las Vegas “is the ideal home for the shows to continue to break the mold of a conventional trade show model to offer stand-out events, unique activations, and an overall elevated experience without limits,” according to a statement.
United Legwear & Apparel Partners With Epic Games
United Legwear & Apparel Co. announced a new partnership with Epic Games to create a range of Fortnite bags and accessories, in a deal brokered by IMG.
Change Of Leadership At Peak Performance
The CEO of Peak Performance Nicolas Warchalowski has chosen to leave his assignment at his own request after the successful acquisition transaction with Amer Sports.
Nordstrom Raises 2018 Outlook On Strong Q2 Earnings Growth
Nordstrom Inc. on Thursday afternoon reported earnings per diluted share for the second quarter ended August 4 of 95 cents, exceeding company expectations and beating Wall Street estimates by 11 cents.
Airblaster Hires Kyle Phillips As Director Of Sales
Kyle Phillips has joined snowboard apparel and accessories brand Airblaster as sales director.
Carhartt, ’47 Kick Off 2018 NFL Season With New Collection
Global sports lifestyle brand ’47 and workwear brand Carhartt on Thursday unveiled the latest product in their collaboration series, this time with the National Football League (NFL).
Blain’s Farm & Fleet Announces Fourth Michigan Location
Family-owned and operated Blain’s Farm & Fleet has announced plans for the company’s fourth Michigan location in Ottawa County’s Holland Township. It is slated to open in the fall of 2019.
