SGB Update Apparel

Lululemon Axes FY EPS Guidance Despite Q1 Beat

The company reported earnings and sales exceeded its guidance in the fiscal first quarter ended May 4, but still trimmed its EPS outlook for the year and provided guidance for the second quarter that was well below analysts’ consensus target.

Adidas Gets Debt Upgrade by S&P on Improving Performance

S&P Global Ratings raised its debt ratings on Adidas due to the brand’s stronger-than-expected deleveraging trend, mainly driven by the group’s sustained momentum in its underlying operating performance and cash flow generation improvements versus  previous forecasts.

PVH Corp. Cuts Annual EPS Outlook

The parent of Calvin Klein and Tommy Hilfiger reported a low-single-digit revenue gain in the first quarter and saw adjusted earnings exceed guidance, but earnings guidance for the year was reduced due to broader weakening sales trends.

Duluth Holdings Widens Q1 Loss, Plans Further Restructuring Moves

The casual apparel and workwear brand widened its loss in the first quarter ended May 4 as sales dropped 12.0 percent. Returning CEO Stephanie Pugliese stated in a media release that she is conducting an “in-depth review” of the organization to simplify its operations, focusing on brand awareness, solution-based products, product innovation, and customer service.

Tilly’s Q1 Same-Store Sales Retreat 7 Percent

The surf & skate chain logged a slightly wider loss in the first quarter ended May 3 as same-store sales dropped 7.0 percent. The sales decline was smaller than in the fourth quarter, with further improvement seen so far in the second quarter.

The North Face Hit with Cyber Attack

The company discovered a “small-scale” cyberattack in April of this year, and an unauthorized party may have stolen some personal information from its customers but not their financial information, which TNF processes through a third party.
 

Everyday California Opens Huntington Beach Location

The 2,200-square-foot shop is said to blend everything the brand is known for — epic water adventures, a laid-back atmosphere and sustainably made gear — into one retail spot steps from the sand.

Ahead Appoints Manager of Strategic Accounts

The headwear maker appointed Matt Ussery as manager of strategic account with responsibilities for managing top-tier clients. He most recently served as an outside sales repat Cutter & Buck, a fellow New Wave Group AB brand.