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.
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.
