Newell Brands’ CFO To Retire
Newell Brands Inc. announced that Ralph Nicoletti, executive vice president and chief financial officer, will retire at the close of 2018.
Columbia Sportswear Appoints Director Of Investor Relations
Columbia Sportswear Company announced that Andrew Burns has joined the company as director of investor relations and competitive intelligence.
Volcom Appoints Men’s Design Director
Volcom announced the promotion of Jeffrey James “JJ” Gonzales to the role of global men’s design director.
Under Armour Extends Partnership With Towson University
Towson University in Maryland and Under Armour Inc. announced a continued partnership agreement.
Big 5 Faces Disgruntled Shareholders Again
A group of investors reportedly sent a letter to Big Five Sporting Goods’ board of directors on May 7 asserting the sporting good chain’s shares are “undervalued and represent an attractive investment opportunity,” according to a press release from the law firm Johnson Fistel.
Sport Chek Opens Kids-Only Concept
Sport Chek has opened the company’s first location focused exclusively on kids, according to retail-insider.com.
Caleres Earnings Increase But Miss Analysts’ Estimates
Caleres, whose portfolio includes a range of footwear brands and the Famous Footwear retail stores, reported net income in the first quarter ended May 5 of $17.2 million and diluted earnings per share of $0.40.
Lululemon Delivers Blowout Q1
Lululemon Athletica Inc. reported first-quarter earnings vaulted 140 percent in the first quarter, riding a 20 percent comp gain driven by online sales and a 370 basis-point improvement in gross margin. The retailer’s full-year outlook was lifted as results easily beat internal guidance.
PVH Corp. Posts Q1 Income, Revenue Increases
PVH Corp., parent of Tommy Hilfiger, Calvin Klein and Heritage Brands, reported earnings for the first quarter ended May 6 of $179.4 million, or $2.29 per share, up from $70.4 million, or $0.89 per share, in the year-ago quarter.
Canada Goose Announces Strategy For Long-Term Growth In China
Canada Goose announced the company’s expansion plans for Greater China, including establishing a regional head office in Shanghai and a partnership with Alibaba, as well as appointing Scott Cameron as president, Greater China.
Sears To Close 72 More Stores
Sears Holdings said the company will be closing more than 70 additional stores in 2018 as its sales continue to erode.
Asics And Disney Team Up To Get Families Moving
Asics announced a global partnership with The Walt Disney Company on a cross-media campaign tied to upcoming movie release, Disney·Pixar Incredibles 2. The goal of the campaign is “to get families moving this summer.”
Nationwide Trails Celebration To Take Place June 2
American Hiking Society’s National Trails Day is aiming to collectively improve 2,802 miles of trail, the distance across the U.S., in a single day, in honor of the 50th Anniversary of the National Trails System.
Chums Announces River Guide Competition Finalists
Chums announced the finalists of its Ultimate River Guide competition. The competition is being held in celebration of the eyewear retainer and outdoor accessory brand’s 35th anniversary.
Perry Ellis’ Q1 Sales Climb 5.4 Percent
Perry Ellis International reported sales rose 5.4 percent in the first quarter, fueled by growth in Golf and Nike Swim and a high-single digit increase in the direct-to-consumer channel sales.
