Macy’s Raises Earnings Forecast On Q3 Beat
Macy’s Inc. reported third-quarter results topped analysts’ estimates and boosted its guidance for the year. Jeff Gennette, chairman and CEO, said, “As a leading gifting destination with fresh inventory across the value spectrum, we are ready to meet our customers’ needs this holiday season.”
KMD Brands Delivers Strong Sales And Profit Growth In First Quarter
KMD Brands Limited, formerly Kathmandu Holdings Limited, reported sales surged 61.8 percent in the first quarter ended October 31, reflecting the removal of Australasian lockdowns and a return to more normal trading.
Kohl’s Q3 Profits Tumble
Kohl’s, Inc. reported earnings fell 60 percent in the third quarter on a 7 percent sale decline. Results were in line with the recent release of preliminary results.
Rawlings To Relocate Headquarters
Rawlings Sporting Goods Company, Inc. is moving from its current corporate headquarters located in Town & Country, MO, to Westport Plaza in Maryland Heights, MO, in late 2023. The company said it needed the additional office space and wanted to create a corporate campus, including an experiential retail destination.
Target’s Shares Tumble On Soft Holiday Outlook
Shares of Target fell $23.51, or 13.1 percent, to $155.47 Wednesday after the chain reported third-quarter profits plunged 52 percent and warned of a sluggish holiday, blaming inflationary pressures and a deteriorating economic outlook.
Boardriders Lays Off 170 Employees
Boardriders, which is undergoing a sales process, eliminated 170 jobs in a cost-cutting move, according to Shop-Eat-Surf.
Oboz Footwear Names VP Of Finance
Oboz Footwear hired Rob Leo as VP of finance. He joins Oboz from Skullcandy, Inc.
Steelhead Outdoors Moves To Larger Facility
Steelhead Outdoors consolidated its operations, moving into a 4,000-square-foot space in Shakopee, MN, a Southwestern suburb of Minneapolis–St. Paul.
Play It Again Sports Parent Appoints Board Member
Winmark Corp., the parent of Play It Again Sports, named Amy C. Becker to its Board of Directors.
Fanatics Partners With UK’s Next
Fanatics and Next, the UK-based online retailer, entered into a long-term connected inventory partnership to broaden Fanatics’ officially-licensed sports merchandise assortment sold at Next.co.uk.
BSN Sports Acquires Donnelley Sports
BSN Sports has acquired Donnelley Sports, located in Twin Falls, ID.
TJX Sees Modest Q3 Sales Decline Against Tough Comparisons
The TJX Companies, Inc. reported sales for the third quarter of Fiscal 2023 were $12.2 billion, a decrease of 3 percent versus the third quarter of Fiscal 2022. U.S. comp store sales decreased by 2 percent versus a 16 percent increase in U.S. open-only comp store sales in the third quarter of Fiscal 2022.
TJX Names CFO
TJX Cos. Inc. announced that John Klinger has been promoted to executive vice president, chief financial officer, effective January 29, 2023, the beginning of TJX’s fiscal year.
Peloton Expands Relationship With Amazon In The UK And Germany
Peloton Interactive, Inc. expanded its collaboration with Amazon. The Peloton Bike, Guide and select accessories are being sold in Amazon’s UK store. Peloton will also launch its business in Amazon’s German store in the coming weeks.
Kamik Names New COO
Kamik, the Canadian boot brand, hired Steeve Côté as chief operating officer, leading global operations, including supply chain management, manufacturing, and logistics.
