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...
The Dick’s Sporting Goods Foundation’s Sports Matter program announced a five-year, $500,000 commitment to Little League Baseball and Softball, in support of its local districts and leagues across the country. The Foundation supports the philanthropic work of Dick’s Sporting Goods. The funds will help provide facility...
Skechers signed Tony Romo, the recently retired Dallas Cowboys quarterback, as a brand ambassador. Romo will be wearing Skechers men’s footwear in a multi-platform global marketing campaign set to launch later this year. “After 14 years on the field with the Cowboys, it was time to hang...
Tilly’s Inc. reported profits jumped 121 percent on an adjusted basis in the second quarter as expenses were reduced sharply, margins improved slightly and comps grew 2.1 percent. “We believe the combination of our merchandising, marketing and operating initiatives is gaining traction, as evidenced by our positive...
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...
Walmart, Inc. net sales rose 2.1 percent to $123.36 billion in the fiscal second quarter ended July 29. Currency-neutral sales grew 2.9 percent. Wall Street analysts were expecting $123.15 billion in sales. U.S. comparable store sales climbed 1.8 percent, exceeding the 1.7 percent growth expected by the street....
Urban Outfitters, Inc. reported total company net sales for the second quarter of fiscal 2018 were $873 million, a 2 percent decrease as compared to the same quarter last year. Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, decreased 4.9 percent. By...
Target Corporation reported that second quarter sales increased 1.6 percent to $16.4 billion from $16.2 billion in Q2 last year, reflecting a 1.3 percent comparable sales increase combined with the benefit from sales in non-mature stores. Comparable digital channel sales grew 32 percent and contributed...
Wolverine Worldwide has appointed Stewart Whitney as Vice President and Managing Director – Asia Pacific. Stewart will report directly to the International Group President, Nick Ottenwess. As part of the WOLVERINE WAY FORWARD – the company’s holistic transformation effort focused on enhancing near-term and long-term performance...