SGB Update Apparel
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.
Delta Galil Income Down On Acquisition Costs
Delta Galil Industries Ltd., the global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear, activewear and denim, on Thursday reported net income of $6.5 million for the second quarter ended June 30, including a one-time non-recurring charge of $3.95 million related to acquisition costs.
Dillard’s Beats Q2 Earnings, Revenue Targets
Dillard’s Inc. reported a net loss for the 13 weeks ended August 4 of $2.9 million, or 10 cents per share, compared to a net loss of $17.1 million, or 58 cents per share, for the prior year second quarter, beating Wall Street estimates by 35 cents.
J.C. Penney Q2 Revenue Sinks On Store Closures
J.C. Penney Co. Inc. on Thursday morning reported total net sales decreased 7.5 percent to $2.76 billion in the second quarter ended Aug. 4 primarily due to the 141 stores that closed in fiscal 2017.
July Retail Sales Increase 4.9 Percent Over 2017
July retail sales were up 0.4 percent seasonally adjusted from June and increased 4.9 percent unadjusted year-over-year, giving the industry a solid kickoff for the third quarter as consumers continued to spend despite concerns about the growing trade war, the National Retail Federation said Wednesday.
Differential Brands Group Sales Dip 1 Percent In Q2
Differential Brands Group Inc., a portfolio of global premium consumer brands comprised of Hudson Jeans, Robert Graham and SWIMS, reported that total company net sales for the second quarter ended June 30 decreased 1 percent from the same quarter last year to $36 million.
Macy’s Raises Guidance After Q2 Earnings & Revenue Beat
Macy’s Inc. raised the company’s guidance for fiscal 2018 after topping Wall Street’s earnings and revenue expectations in the second quarter. The company reported revenue of $5.57 billion, a decrease of 1.1 percent from Q2 2017 but ahead of analysts’ estimates by $20 million.
HUF Appoints Former Volcom Executive Eddie Miyoshi As CEO
Skate and streetwear brand HUF Worldwide LLC has appointed former Volcom executive Eddie Miyoshi as the company’s new CEO.
Perry Ellis Ends Discussions With Randa Accessories
The special committee of the Perry Ellis International board of directors on Tuesday confirmed that the committee has terminated discussions with privately held Randa Accessories Leather Goods LLC with respect to the offer to acquire Perry Ellis for $28.90 per share in cash.
REI To Open First Store In Memphis, TN
Outdoor co-op REI will open the company’s first store in Memphis, TN, on August 24. The new 23,000-square-foot store will offer a wide assortment of quality outdoor gear, experiences and expertise, as well as a full-service bike shop.
Next Level Apparel Acquired By Private Equity Firm
Blue Point Capital Partners has acquired and recapitalized Gardena, CA-based clothing company Next Level Apparel Inc. Terms of the deal were not disclosed.
Ever-Glory Revenue Increases 11 Percent In Q2
Ever-Glory International Group Inc., a China-based retailer of branded fashion apparel and a global apparel supply chain solution provider, reported sales for the second quarter ended June 30 of $88.5 million, an increase of 11 percent from $79.8 million in the second quarter of 2017.
