Yue Yuen Sees 37 Percent Profit Gain In 2016
Sales rose 0.5 percent in the year as gains at Pou Sheng, its retail business, offset a modest decline in its footwear manufacturing operations.
G-III Apparel Reports Q4 loss
G-III Apparel Group Ltd. reported net sales for the fiscal year ended January 31, 2017 were up 1.8 percent to $2.39 billion from $2.34 billion in the prior year.
Alps & Meters Expands North American Sales Team
Louis Joseph, the founder and president of Alps & Meters and Nick Robinson, North American commerce director, formed sales partnerships with Vagabonds LLC, Continuum Sales and Bell Sports Ltd.
Finish Line Suffers Big Q4 Miss
Finish Line reported fourth-quarter earnings excluding charges came in well below guidance as “the overall retail environment in February became increasingly difficult” and markdowns were required to reduce inventory levels.
REI Unveils Design For New Headquarters
Said Eric Artz, REI’s chief operating officer. “The Spring District gives us the opportunity to help build a neighborhood from the ground up and rethink how we work, commute and gather.”
Li Ning Sees Double-Digit Gains In 2016
Li Ning, founder and executive chairman of the Group, said, “Riding on the success we have achieved in profitability and brand rejuvenation, we will continue to focus on areas that can be sharpened further in order to maintain healthy and sustainable profit growth for the company in the future.”
Sportsman’s Warehouse’s Q4 Profits Slide 7.5 Percent
John Schaefer, chief executive officer, stated, “The retail environment remained challenging during the fourth quarter and we anniversaried both the San Bernardino tragedy and the executive orders from December and January which created a difficult comparison for our hunting and shooting category.
Sportsman’s Warehouse Appoints President And COO
Jon Barker was most recently as VP global officer for Walmart.
Macy’s Appoints Jeff Gennette CEO
As previously announced, Gennette succeeds Terry J. Lundgren, who will continue as executive chairman.
Shoe Carnival Posts Q4 Loss On Store Impairment Charge
“Our comparable stores sales performance was in-line with the updated expectations we provided in January and our gross profit margin came in better than we anticipated,” said Cliff Sifford, Shoe Carnival’s president and CEO.
Wiivv Launches Custom Fit Sandals Kickstarter
Wiivv launched a Kickstarter campaign for custom fit sandals, which are designed and 3-D printed to give the wearer biomechanical support.
Wolverine 1000 Mile Introduces Limited Edition Café Collection
Wolverine introduced the limited edition Wolverine 1000 Mile Café Collection available, inspired by Madcap Coffee in Grand Rapids, MI.
Rapha Announces Rapha Rides
Rapha launched Rapha Rides, a traveling series of weekend rides and events to celebrate the sport of cycling in 20 selected cities.
Ellen DeGeneres Footwear Debuts On QVC
The ED Ellen DeGeneres shoe line, launched in partnership with Camuto Group, is scheduled to debut on QVC Thursday.
Perry Ellis Sees Momentum In Golf And Nike Swim
George Feldenkreis, chairman, said the rash of department store closures “is a positive development in the long run, especially in light of the way in which retailers moving these days and the demographic implication of Generation Z, Generation Y versus Generation X.”
