Stein Mart, Inc. reported Wednesday that total sales decreased 2.7 percent to $311.0 million in the second quarter ended July 29, 2017, while comparable store sales decreased 5.0 percent. Ecommerce sales were up 41 percent over last year’s second quarter. Gross margins fell 720 basis...
The Buckle, Inc. saw net sales decrease 7.8 percent to $195.7 million for the 13-week fiscal second quarter ended July 29, 2017 from net sales of $212.2 million for the prior-year period. Comparable store net sales for the 13-week period decreased 7.7 percent. Online sales...
Nike Inc. CEO Mark Parker sent an e-mail to employees on Thursday night condemning the racism, bigotry and fatal violence displayed in Charlottesville, VA. Parker’s email, attained by Sole Collector, is featured below: Team, Like many of you, I have spent this past week shocked and saddened by...
New York-based private equity firms Bruckmann, Rosser, Sherrill & Co. and Goode Partners LLC completed a transaction that will merge DTLR Inc. and Sneaker Villa Inc. According to a statement from the parties involved, the merged company has a significant geographic reach with nearly 240 stores...
Athletic footwear sales in the four-week back-to-school season-to-date were essentially flat. The market can use some good news after a rough morning on Friday. Sales of athletic footwear at retail picked up last week, posting a low-single-digit increase in what is historically the peak week for athletic...
The fashion brand Ecoalf, is putting ocean trash to good use. Its ethical mission is not the central selling point at the expense of the product – it is part of the package. Javier Goyeneche, CEO, Ecoalf, decided in 2009 to pitch his mainstream fashion brand and look...
DSW Inc. reported second-quarter earnings that rose 5.2 percent, ahead of Wall Street’s target, as same-store sales sales inched up 0.6 percent. Roger Rawlins, chief executive officer, stated, “We were pleased to report our first positive comp quarter since 2015. This resulted in a healthy increase...
Macy’s Inc. announced several changes intended to improve the company’s performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the company’s data analytics capabilities. Lawton will become president of Macy’s, effective September 8. As president, Lawton...
Billy Reid, the Alabama-based designer, grew up wearing the classic K-Swiss tennis sneaker, and since 2011 he has partnered with the brand on special limited-edition releases that are an evolution of classic K-Swiss silhouettes. Much like their past collaborations, these new sneakers are entirely Made In The...
L.L.Bean opened a new manufacturing center in Lewiston, ME and unveiled a $1 million injection molding machine to support ongoing demand for its iconic duck boot. The investment increases the outdoor gear company’s capacity to make its trademark product by one-third. L.L.Bean sold 600,000 pairs of the...