SGB Update Footwear
Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines
Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent.
Duluth Holdings Adds Board Member
Duluth Holdings, Inc., the parent of Duluth Trading, elected Ronald Robinson to its Board of Directors. Robinson works for Designer Brands as its chief supply chain officer.
DXL Posts Q1 Sales Decline After Strong Comp Sales Growth To Start The Year
Destination XL Group, Inc. reported total sales for the first quarter were $125.4 million, down 1.7 percent from $127.7 million in the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 increased 0.6 percent as compared to the first quarter of fiscal 2022, with comparable sales from stores up 1.5 […]
Amazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products In 2022
More than 60 percent of sales in Amazon’s store are from independent sellers—most of which are small and medium-sized businesses—providing a vast selection of amazing products, competitive prices, and great convenience for consumers.
Christy Sports Opens Location In Aspen
Christy Sports announced the opening a new store in Aspen, CO, located at 303 East Durant Street. The location was previously an Aspen Sports store and recently vacated as part of Vail Resorts’ exit from Aspen.
Ralph Lauren Comp Sales Grow 9 Percent In Fiscal Q4 On Strong Asia Growth
Ralph Lauren Corporation reported revenue increased 1 percent to $1.5 billion on a reported 13-week basis in the fourth quarter of Fiscal 2023, versus a 14-week fiscal period last year. On a 13-week comparable basis, revenue increased 9 percent in constant-currency. Earnings per diluted share was 48 cents on a reported basis.
Qurate Retail Sells Zulily To Investment Firm
Regent, a Los Angeles-based investment firm with expertise in the retail and apparel sectors, has acquired online retailer Zulily, formerly a wholly-owned subsidiary of Qurate Retail, which also owns the QVC and HSN businesses and the owner of Cornerstone Brands.
Burlington Stores Comps Rise 4 Percent In First Quarter As Net Income Doubles
Burlington Stores, Inc. reported fiscal first-quarter total sales increased 11 percent to $2.13 billion for the 13-week period ended April 29, compared to $1.93 billion in the first quarter of fiscal 2022. Comparable store sales increased 4 percent compared to the first quarter of fiscal 2022.
Genesco’s Q1 Earnings Miss Plan On Journey’s Shortfall
Genesco, Inc. reported a steeper loss than expected in the first quarter ended April 29 as Journeys same-store sales fell 14 percent, offsetting double-digit gains at Schuh and Johnston & Murphy. Genesco reduced its outlook for the year and is initiating cost-containment initiatives. Genesco now plans to close more than 100 Journeys stores this year, versus prior expectations to close 60 stores.
Nike Announces Senior Leadership Realignment
Nike said Heidi O’Neill, president of Consumer & Marketplace, will become president of Consumer, Product & Brand, Nike, Inc. Craig Williams, president of the Jordan Brand, will become president of Geographies & Marketplace, Nike, Inc. as part of several leadership changes. Matthew Friend, EVP and CFO, will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.
NBA Sponsorship Revenue Reaches Record $1.4B In 2022/23
NBA team sponsorship revenue grew more than $100m from last season, reaching a record $1.4 billion in the 2022/23 season, according to SponsorUnited*, the sports and entertainment intelligence platform.
Dick’s SG To Open 12 House Of Sports
After opening its first three Dick’s House of Sport stores in Rochester, NY, Knoxville, TN and Minnetonka, MN, DKS plans to open more than 12 new stores in the next two years.
Kohl’s Posts Surprise Profit In First Quarter
Kohl’s Inc. reported a surprise profit in its fiscal first quarter of 13 cents a share. Analysts were calling for a loss of 43 cents. Comparable sales decreased 4.3 percent and overall sales were slightly ahead of analyst targets.
Shoe Carnival Reduces FY Outlook On Q1 Shortfall
Shoe Carnival, Inc. reduced its outlook for the year after reporting first-quarter results at the low end of expectations due to unfavorable weather and consumer pressure from inflation and lower federal tax refunds.
Urban Outfitters Q1 Profits Jump On Strength At Free People And Anthropologie
Urban Outfitters, Inc.’s profits vaulted 67.6 percent in the first quarter on a 5.9 percent revenue gain and significantly improved gross margins. Healthy double-digit retail gains at Free People and Anthropologie offset declines at Urban Outfitters’ retail business and at wholesale channels.
