SGB Update Footwear
Kohl’s Corporation Ups Full Year Earnings Outlook After Q2 Earnings Beat
The retailer saw net sales decrease 4.2 percent year-over-year, with comparable sales down 5.1 percent year-over-year, but it also posted a 13 percent increase in earnings driven by GM expansion and strong inventory and expense management.
EXEC: Foot Locker Exiting New York for Sunnier Environs; Shakes Up Europe and Asia Model
Foot Locker Inc. is pulling up stakes in New York City and moving to St. Petersburg, FL in 2025. The company plans to maintain only a limited presence in New York City going forward.
Foot Locker Inc. Sees Core Foot Locker Banner Comps Grow 5.2 Percent in Q2
Comparable sales increased by 2.6 percent for the quarter, led by 5.2 percent growth in global Foot Locker and Kids Foot Locker comparable sales. The second-quarter net loss was $12 million, compared to a $5 million net loss in Q2 last year.
Puma Promotes Indy Sen to SVP Puma Group Sourcing
Sen assumes the operational responsibilities of the chief sourcing officer, replacing Anne-Laure Descours, who is not extending her board contract and will instead support Puma as an external sustainability advisor.
Nordstrom, Inc. Gets Lift from A-Sale Timing and Active in Second Quarter
Nordstrom said active, women’s apparel, beauty and kids had the strongest growth versus 2023. During the Anniversary Sale, the top growing categories were beauty, active and home.
Citi Trends Posts Wider Q2 Loss as Retailer Moves to Clear Inventories
The retailer said it is swiftly capitalizing on two distinct opportunities: enhancing the ‘treasure hunt’ experience by securing branded goods at incredible values while also increasing the penetration of opening price point goods.
Swiftwick Adds Industry Vets to Management Team, Executes Brand Overhaul
Swiftwick has hired Katie Nguyen from Chaco as head of integrated marketing and James Osborne, who spent nearly two decades at Nike, to build the run specialty sales and community functions at the company.
On Opens Flagship Store in Milan
The roughly 5000-square-foot space on two levels aligns with the company’s expansion strategy, which operates 37 mono-brand stores in North America, Europe, and Asia, including 20 in China.
Bass Pro Shops to Open Outdoor World location in Lansing, MI
The 85,000-square-foot Outdoor World retail store will be in the Delta Crossing development and is expected to open in early 2026.
Abercrombie & Fitch Elects New Board Director
The global omnichannel specialty retailer of apparel and accessories, elected Andrew Clarke to its Board of Directors, effective August 21, 2024. Clarke is the global president of Mars Snacking, a division of Mars, Inc.
BOA and Primaloft Parent Compass Diversified Appoints New CFO
Effective August 31, 2024, Stephen Keller will assume the role of chief financial officer at Compass Diversified (CODI), succeeding Ryan Faulkingham. Faulkingham, who has served as the company’s CFO since July 2013
Johnnie-O Welcomes Dave Neville as Senior VP of Marketing
Neville brings over two decades of experience in marketing and brand management, with a career that includes senior roles at Callaway Golf. He has also been at the forefront of digital and social media trends and content marketing, hosting the Callaway Talks YouTube show and The Fitting Room podcast.
The Buckle Reports Shrinking Q2 Profit as Comps Continue Slide
Comparable store net sales for the second quarter decreased 6.6 percent year-over-year. Online sales decreased 15.2 percent to $37.0 million in Q2, compared to net sales of $43.6 million for the 2023 Q2 period.
Report: Resale Market for Nike and Jordan Brands Down Double-Digits
StockX said its data shows a diversified portfolio of brands locking in the top spots for year-over-year growth, including Asics (+589 percent), Adidas (+88 percent), and Yeezy (+23 percent). Cornerstone silhouettes from brands like Jordan and New Balance have dropped in average price.
Ross Stores Gets Q2 Profit Bump on Solid Comps; Still Has H2 Consumer Concerns
The company said its improved profitability relative to last year resulted from higher sales and lower distribution and incentive costs, which were partially offset, as expected, by lower merchandise margins.
