Canada Goose Launches Share Repurchase Program
Canada Goose Holdings, Inc. announced plans to purchase for cancellation up to 5.42 million subordinate voting shares over a twelve month period.
Record 166.3 Million Shoppers Expected During Thanksgiving Weekend
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is almost 8 million more consumers than last year and is the highest estimate since the NRF began tracking the data in 2017.
Retail Sales Growing As Holiday Season Begins
Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in October were up 1.3 percent from September and up 8.3 percent year over year.
Foot Locker Raises Guidance As Third Quarter Exceeds Plan
Foot Locker, Inc. slightly lifted its outlook for the year after reporting third-quarter sales and earnings came in above expectations. Comparable-store sales in the third quarter increased 0.8 percent year-over-year. Mary Dillon, president and chief executive officer. “Despite the tough environment, our expanding customer base remained resilient.”
Delta Apparel Finishes Solid Year Despite Fourth Quarter Challenges
Delta Apparel Inc. reported a small loss in the fourth quarter ended October 1 on a slight sales increase. Earnings were slightly down for the year as gross margin pressures offset an 11 percent revenue gain.
Athleta Sees Flat Comps In Third Quarter
Gap, Inc. reported comparable sales at Athleta were flat in the third quarter. Net sales of $340 million were up 6 percent compared to last year.
Ross Stores Lifts Outlook On Better-Than-Expected Q3
Ross Stores Inc. raised its outlook for the full year after reporting third-quarter results that came in well ahead of its guidance.
OR To Shift 2024 Winter Show To November 2023, Adds January Conference
Outdoor Retailer said that starting November 2023, the Outdoor Retailer Snow Show will shift from early January to November and be rebranded as Outdoor Retailer Winter.
Motiv Group Names SVP, Strategy And Partnerships
Motiv Group hired running industry veteran, John Smith, as senior vice president of strategy and partnerships.
USA Shooting Announces New CEO
USA Shooting hired Craig Kozeniesky as CEO, effective early January 2023. Brent McPherson will serve as interim CEO, and Alex Szablewski as interim COO until Kozeniesky assumes his role full-time.
Foot Locker Opens Distribution Center In Reno
Foot Locker, Inc. opened a new distribution center in Reno, NV. The more than $40 million, 465,000-square-foot facility will support the company’s distribution of more than 20 million units and support over 300 stores on the West Coast. The facility will also cut shipping times in the region “by more than 50 percent.”
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.
