EoS Fitness Opens Phoenix, AZ Location
EoS Fitness, the nationwide gym chain founded in Arizona, reported that over 125-plus locations are open or scheduled to open, with its latest gym in Phoenix recently opening at 40,000 square feet.
Fjällräven Opens Palo Alto Store
Fjällräven expanded its global retail footprint by opening a new brand store in Palo Alto, CA.
Academy Sports’ Q2 Tops Wall Street Targets
Academy Sports and Outdoors, Inc. reported second-quarter earnings came in just ahead of analyst expectations. Same-store sales declined 7.5 percent in the quarter but improved throughout the quarter. Academy reiterated its sales guidance while raising its EPS outlook due to share repurchases.
Redarc Electronics Makes Four Key Sales & Marketing Hires
Hires include, Greg Gorski as global marketing director, Gary Langbo as the general manager of sales, North America, Savannah Goodwin as North American strategic marketing manager, and Doug Larsen as global website and e-commerce manager.
Lands’ End, Inc. Sees Q2 Loss Widen Despite Expanding Gross Margins
The company reported second-quarter net revenue decreased 7.9 percent to $323.3 million in the three-month period ended July 28, compared to $351.2 million in the second quarter of fiscal 2022.
The Buckle’s Comps Slide 5 Percent in August
The Buckle, Inc. announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended August 26, 2023 decreased 5.0 percent from the year-ago period.
Famous Footwear Parent Sees Q2 Profit Exceed Estimates on Above-Plan Margins
Caleres, Inc. delivered second-quarter earnings ahead of expectations and reiterated its guidance for the year. Sales in the quarter were down 5.2 percent at Famous Footwear and 7.2 percent at its Branded Portfolio segment but both showed improving trends sequentially versus the first quarter.
Journeys Again the Culprit as Genesco Swings to Q2 Loss on Lower Sales
The overall 2 percent sales decline was driven by an 11 percent decrease at Journeys and a 7 percent decrease at Genesco Brands, partially offset by an increase of 21 percent at Schuh and an increase of 4 percent at Johnston & Murphy.
Duluth Trading Trims Outlook on Q2 Shortfall
Duluth Holdings, Inc., the parent of Duluth Trading, lowered its earnings guidance for the year after reporting a worse-than-expected loss in the second quarter. Sales were down 1.7 percent, impacted by weak store traffic. Duluth also noted that its CFO had stepped down to explore another opportunity.
Fanatics Lands at Academy Sports + Outdoors
Academy Sports + Outdoors announced it entered into a partnership agreement with Fanatics to enhance the retailer’s in-store and online assortment of officially licensed sports merchandise beginning this fall.
Journeys Group President to Retire; Appoints COO
Genesco, Inc. announced the planned retirement of Journeys Group president Mario Gallione at the end of the company’s fiscal year, with an expected effective date of February 2024. Mike Sypert was promoted to Journeys’ chief operating officer, effective immediately.
Rack Room Names New Chief Legal Officer
Rack Room Shoes hired Randolph Brodwin, Esq. as senior vice president and chief legal officer. Previously, he was vice president, associate general counsel at Foot Locker, and, most recently vice president, legal affairs at Circle K.
Avenatti Loses Conviction Appeal in Nike Extortion Case
The US Court of Appeals for the Second Circuit rejected Michael Avenatti’s claim that no sufficient evidence supported his February 2020 conviction on charges of extortion and honest services fraud for threatening to smear Nike if the company did not pay him millions.
Skechers Donates More than $10 Million to Support Dogs and Cats in Need
Over the past eight years, Bobs from Skechers has grown into a year-round movement with round-up donations, vaccination events, check celebrations for organizations, and animal transports to future homes.
PVH Posts Solid Q2 Results on Strong China Sales Growth, U.S. DTC Gains
The parent of the Tommy Hilfiger and Calvin Klein brands reported that second-quarter revenue increased 4 percent year-over-year to $2.21 billion, and grew 2 percent on a constant-currency basis.
