FDRA | Andy Polk

10 Jan Macy’s Cuts Guidance On Weak Holiday Sales

Posted at 14:52h in FDRA, Latest News

Macy’s slashed its outlook for profit, sales and gross margin, citing a weakening in sales in late-December....

10 Jan Kohl’s Lifts Lower End Of Guidance On Comps Increase

Posted at 14:51h in FDRA, Latest News

“We are delighted with our 1.2 percent shifted comparable sales increase for the Holiday period, which builds on the positive momentum we have achieved throughout the year,” said Michelle Gass, Kohl’s CEO. ...

10 Jan The Buckle Reports December Comps Drop Slightly

Posted at 14:49h in FDRA

The Buckle Inc. on Thursday announced that comparable store net sales, for stores open at least one year, for the 5-week period ended January 5, 2019, decreased 0.2 percent from comparable store net sales for the 5-week period ended January 6, 2018....

03 Jan Nike Inc. Names G. Scott Uzzell President And CEO of Converse

Posted at 20:59h in FDRA

Uzzell comes to Converse from The Coca-Cola Company where he most recently served as president, Venturing & Emerging Brands Group (VEB)....

03 Jan Mastercard: U.S. Retail Sales Grew 5.1 Percent This Holiday Season

Posted at 20:48h in FDRA

According to Mastercard SpendingPulse, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest growth in the last six years....

03 Jan Amazon Sees Record Holiday Sales

Posted at 20:46h in FDRA, Latest News

Amazon announced a “record-breaking holiday season” with athleisure cited as a “top trend” and Nike, Adidas, Carhartt and Champion landing on its top-sellers list....

03 Jan Sears To Close 80 More Sears And Kmart Doors By March

Posted at 20:40h in FDRA, Latest News

Sears Holdings, in bankruptcy proceedings since October, revealed 80 more Sears and Kmart stores it plans to close in late March 2019....

03 Jan Sears Chairman Edward Lampert Makes Last-Minute Bid To Avert Liquidation

Posted at 20:38h in FDRA, Latest News

Sears won a reprieve from liquidating after its chairman, Eddie Lampert, submitted a $4.4 billion bid in an effort to purchase the retailer....

03 Jan Columbia Announces Closing in Buyout of China JV With Swire Resources

Posted at 20:36h in FDRA

Columbia Sportswear Co. on Wednesday announced that effective January 2, 2019, it has closed its buyout of the remaining 40 percent interest in Columbia Sportswear Commercial (Shanghai) Co., the joint venture in China with Swire Resources Ltd., a subsidiary of Swire Pacific Ltd....

03 Jan Vans Custom Culture Competition Champions Youth Creativity For A Decade

Posted at 20:35h in FDRA

Vans Custom Culture was created to provide high school students a platform to showcase their creative abilities, while providing access to underfunded art programs....

Author: Andy Polk