SGB Update Footwear
Versace Appoints Interim Chief Executive Officer
Capri Holdings Limited announced the appointment of Cedric Wilmotte as Interim Chief Executive Officer of Versace, effective January 17, 2021.
Thanksgiving Weekend To See More Holiday Shoppers Than Last Year
Nearly two million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday this year even as consumers have continued the trend of starting their holiday shopping earlier in the year, according to the annual survey released by the National Retail Federation.
Target’s Q3 Same-Store Sales Climb 13 Percent
Target Corp. reported comparable sales grew 12.7 percent in the third quarter on top of 20.7 percent growth last year. Brian Cornell, CEO, said, “Our third-quarter comp increase of 12.7 percent was driven entirely by traffic, and reflects continued strength in our store sales, same-day digital fulfillment services and double-digit growth in all five of our core merchandising categories.”
TJX Comps Climb 14 Percent In Third Quarter
The TJX Companies Inc. reported net income for the third quarter was $1.0 billion, or 84 cents a share, a 24 percent increase over 68 cents per share in the third quarter of Fiscal 2020. Q3 FY22 overall open-only comp-store sales increased 14 percent over Q3 FY20
Shoe Carnival’s Q3 Comps Surge 30 Percent
Shoe Carnival Inc. again raised its guidance for the year after reporting third-quarter results that came in well above Wall Street targets. Same-store sales in the quarter jumped 30 percent. Mark Worden, Shoe Carnival’s CEO, said, “This was by every measure that matters, our best quarter, of our best year, in our 43-year history.”
Retail Sales Jump In October
The U.S. Census Bureau said overall retail sales in October were up 1.7 percent seasonally adjusted from September and up 16.3 percent year-over-year.
The House Of LR&C Strengthens Advisory Group
The House of LR&C, a fashion house founded by Ciara, Russell Wilson and Christine Day, announced that the company has appointed David Adelman to its Board of Directors. The company also announced that they are bolstering internal resources with the addition of apparel industry executives Sheree Waterson and Gemo Wong as Advisors.
On Q3 Revenues Surge 68 Percent In Third Quarter
On Holding AG, in its first report since going public, reported sales grew 68 percent in the third quarter as sales continued to accelerate in all channels, regions and product categories. Adjusted EBITDA ran up 67.9 percent and the gross margin reached 60.2 percent, up from 54.5 percent a year ago.
Fila Korea Q3 Sales Rose 1.1 Percent
Fila Korea reported net profits fell 20.2 percent in the third quarter as sales gained 1.1 percent.
Yue Yuen Sales In October Slump On Factory Shutdowns
Yue Yuen’s consolidated operating revenue in October fell 21.2 percent to $615.2 million from $781.0 million. The decline reflects the pandemic-related factory shutdowns in Vietnam.
ISPO Munich And OutDoor By ISPO Permanently Shift To New Dates
Together with sports and outdoor brands, retailers and industry associations, Messe München made two major changes effective immediately—ISPO Munich will be held permanently at the end of November, thus leaving the previous January date, and OutDoor by ISPO is moving permanently from the end of June to the end of May/beginning of June.
NPD Launches Chinese Sports Footwear E-Commerce Tracking Service
The NPD Group announced the launch of its Chinese Sports Footwear E-Commerce Tracking Service, covering the sales of international and domestic sports brands in China’s e-commerce channels.
Uninterrupted Appoints Creative Director
Uninterrupted, the media company spearheaded by LeBron James and Maverick Carter, has appointed Salehe Bembury as its creative director.
Running USA Releases Results Of 2021 Event Management Study
Running USA released the results of its 2021 Event Management Study that documents the challenging environment for event operators who are working to bring races and running festivals back to pre-pandemic participation levels.
Puma Golf Expands Partnership With Golf Canada
Puma Golf and Golf Canada announced an expansion of its current partnership, naming Puma as the Official Apparel and Headwear Partner of Golf Canada’s National Team Program.
