July 09, 2020
BGFV same store sales were off just 4.2% in the second quarter after a 28.2% drop in the first half of the period while most stores were shuttered gave way to a 15.5% gain thereafter as stores reopened. Hydro Flask E-commerce Helps Helen of Troy in Q1
Sales at HELE’s housewares segment, which includes Hydro Flask, declined 3% to $140,628,000 in the fiscal first quarter ended May 31 from $144,942,000 due to store closures at wholesale customers. Delta Apparel Sees 40% Sales Drop
Fiscal third quarter revenues are expected to come in at about $72.0 million, down 40% from $119.3 million last year, as April’s 68% plunge gradually recovered to just a 10% decline in June. May Retail Imports Are Worse Than Expected
Retail imports declined 17.2% to 1.53 million Twenty-Foot Equivalent Units in May, according to the NRF’s Port Tracker, and were down 4.8% sequentially from April. Nike Debuts New “Rise” Retail Format in Guangzhou
The Eager Beaverton’s opened the first location of its member-first shopping experience in Guangzhou, China, dubbed Rise, with more stores planned to open worldwide in the coming year. Snipes Promotes Jim Bojko to President of U.S. Biz
Bojko, who is currently chief transformation officer for the U.S. division of the international sneaker and streetwear retailer, will be responsible for leading all U.S. operations. |