Foot Locker’s Q2 Comps Reach Low End Of Expectations
Foot Locker, Inc. reported adjusted earnings fell 18.2 percent in the second quarter ended August 3, coming in just below Wall Street’s targets. Same-store sales inched up 0.8 percent, below the retailer’s guidance. The outlook for the year was maintained.
Ross Stores’ Q2 Comps Increase 3 percent
Ross Stores Inc. reported earnings per share for the second quarter ended August 3, 2019 of $1.14, up from $1.04 last year. Net earnings grew to $413 million, compared to $389 million in the prior year. Sales rose 6 percent to $4.0 billion, with comparable-store sales up 3 percent on top of last year’s strongest quarterly comparison of 5 percent.
Champion And PepWear Team Up On High School State Championships
Champion has become the Premium Brand Partner for PepWear. Throughout the multi-year partnership, PepWear will include Champion Teamwear’s premium and on-trend apparel in its lineup of event merchandise to be sold at state championship events,
Zwift Appoints Mike McCarthy To Spearhead Running Expansion
Zwift, the global online training and racing platform for athletes today announces the appointment of Mike McCarthy as VP of running at Zwift.
Nordstrom Names Teri Bariquit As Chief Merchandising Officer
Nordstrom Inc. on Thursday announced Teri Bariquit as chief merchandising officer. In this newly created role, Bariquit will serve as a member of the company’s executive team, leading the full-price and off-price merchandising areas.
REI Co-Op Appoints VP Of Marketing, VP Of Customer & Brand Shared Services
REI Co-op on Thursday announced the appointment of two new leaders: Vivienne Long as vice president of marketing and Pardis Ghorbani as vice president of customer and brand shared services.
Apex Global Brands Expands Tony Hawk Brand With Several New Licensing Partnerships
Apex Global Brands (formerly Cherokee Global Brands) on Thursday announced the expansion of the Tony Hawk brand through the addition of several new licensing agreements.
REI Co-Op To Open Store In Tampa, FL, In 2021
REI Co-op will open a new store in Tampa, FL, in spring 2021. The new 22,500-square-foot store will be located at Midtown Tampa, an entirely new district that will connect the city’s Westshore and Downtown neighborhoods in early 2021.
Champion Opens Store In Las Vegas
Champion Athleticwear is further expanding its retail presence with its first store in Las Vegas and its sixth U.S. retail specialty store overall, complementing other locations in New York, Los Angeles, Philadelphia, Boston and Chicago.
Stage Stores Reports 1.8 Percent Q2 Comparable Sales Increase
Stage Stores, Inc. reported that for the second quarter, comparable sales increased 1.8 percent. Net loss was $23.9 million, and adjusted EBITDA was a loss of $0.1 million.
Fanatics Partners With The University of Miami
Fanatics Inc. and the University of Miami announced an innovative, 10-year, exclusive licensing partnership, which beginning in January 2020 will see Fanatics become the University’s primary apparel, headwear and hard goods partner. Miami joins several other NCAA partners for which Fanatics is the primary apparel partner.
North Face Survey Finds Growing Interest In Rock Climbing
The new study, conducted by Marketing & Research Resources on behalf of The North Face, reveals that 30 percent of people are interested in learning to rock climb and 40 percent plan to watch the sport in the 2020 summer Olympics.
Stack Sports Acquires Affinity Sports And Blue Sombrero
Stack Sports, the specialist in sports technology, announced the acquisition of Affinity Sports and Blue Sombrero from Dick’s Sporting Goods. In connection with the transaction, the companies have entered into a long-term strategic partnership for retail promotion, live event scoring and team management technologies.
Century Arms Acquires Springfield Sporters
Century Arms has recently acquired the surplus company Springfield Sporters and all of its assets. The company was well known in the surplus space for hard-to-find surplus parts and collectible surplus firearms and had grown to become one of the largest surplus military parts suppliers in the U.S.A.
Dick’s Delivers Best Quarterly Comp Gain Since 2016
Dick’s Sporting Goods raised its full-year guidance after reporting earnings and sales in the second-quarter that topped Wall Street expectations. Comps expanded 3.2 percent, the highest gain since 2016. Said Ed Stack, chairman and CEO. “Our key strategies and investments are working, our major headwinds are behind us and we’ve bent the curve on sales.”
