Delta Apparel Rides Broad-Based Growth To Earnings Beat
Delta Apparel Inc. on Thursday reported growth across its portfolio resulted in fiscal 2019 fourth-quarter earnings of 50 cents per share, beating Wall Street’s targets by 2 cents.
OBIT: Jake Burton Carpenter
Jake Burton Carpenter, owner of Burton Snowboards and a snowboarding pioneer, passed away at the age of 65.
Stage Stores’ Comps Jump 17.4 Percent
Stage Stores Inc., which is converting many of its banners to the Gordmans off-price concept, cut its losses in the third quarter as same-store expanded 17.4 percent.
Marburger’s Sporting Goods In Seabrook Closes
Marburger’s Sporting Goods in Seabrook, TX has closed its location to make way for the expansion of Hwy. 146.
Macy’s Lowers Outlook As Q3 Comps Decline
Macy’s Inc. reduced its annual profit forecast for the second time this year after reporting its first drop in same-store sales in two years. CEO Jeff Gennette said in a statement.“The sales deceleration was steeper than we expected.”
Lululemon Opens ‘Experiential’ Shop At Mall of America
Lululemon has opened a 19,700-square-foot “experiential” store at Mall of America. Modeled after its store in Chicago’s Lincoln Park neighborhood, the location includes studios for yoga and HIIT activities, a Fuel Bar and a gear trial program.
Hi-Tec Lifestyle Officially Launches In North America
Apex Global Brands announced this week that Hi-Tec Lifestyle made its North American debut exclusively through Urban Outfitters. Following a successful European launch, the heritage-meets-streetwear inspired clothing brand is being sold exclusively online and in the U.S.-based retailer’s Herald Square location in New York City as of November 2019. The unisex capsule collection features nine […]
Planet Fitness Prices $550 Million Securitized Financing
Planet Fitness Inc. on Wednesday announced that it has priced $550 million of Series 2019-1 Class A-2 Fixed Rate Senior Secured Notes (the “Class A-2 Notes”), with an anticipated repayment term of 10 years and a fixed interest rate of 3.858 percent per annum, payable quarterly.
Nike Invests In Handsfree Labs Inc.
Nike Inc. on Wednesday announced a strategic investment in and exclusive intellectual property licensing partnership with Handsfree Labs Inc., a pioneer in hands-free footwear technology. Terms of the investment were not disclosed.
REI Co-Op To Open Store In Billings, MT
REI Co-op will open a new store in Billings, MT, in spring 2020. The new 22,000-square-foot space will be located at Shiloh Crossing and offer a specialty bike shop for maintenance and repairs.
Cheerleading, Gymnastics Apparel Maker To Close
Motionwear LLC, an Indianapolis, IN-based maker of cheerleading uniforms and gymnastics and dance apparel, notified the state that it will shutter its Indianapolis operations and lay off 146 employees, according to a report by Inside INdiana Business.
Garry Enyart Re-Elected RV Industry Association Chairman Of The Board
The RV Industry Association board of directors this week announced it had re-elected Garry Enyart as Chairman of the Board for the year 2020 during the group’s meeting on November 12 in Las Vegas, NV.
RYU Increases E-Commerce Footprint
RYU Apparel Inc. on Wednesday announced its brand is now available on Zappos.com, the customer service company that sells shoes, clothing and more.
Target Lifts Outlook On Online Momentum
Target Corp. raised its earnings guidance for the year after reporting EPS from continuing operations reached $1.37 in the third quarter 2019, up 18.2 percent from $1.16 in third quarter 2018. Comparable sales growth was 4.5 percent and the discounter saw a 3.1 percent increase in comparable traffic. Comparable digital sales grew 31 percent, contributing 1.7 percentage points to total comparable sales growth.
Urban Outfitters Q3 Profits Fall
Urban Outfitters Inc. reported earnings slumped 28.2 percent in the third quarter to $55.7 million, or 56 cents, missing Wall Street’s consensus estimate by a penny.
