January 10, 2022 Genesco Posts Double-Digit Holiday Gains
Despite a lack of inventory across its banners, and especially online, a strong Holiday selling season resulted in revenues increasing 18% quarter-to-date, GCO reported at the ICR Conference. Tilly’s Delivers Big Holiday Store Comps
Tilly’s announced its preliminary Holiday figures ahead of a fireside chat at the ICR Conference, revealing it’s on track for the most profitable fourth quarter and fiscal year since going public. Solo Brands Plans Future Acquisitions
The recently public parent of Solo Stove, Chubbies, Oru Kayak and Isle paddleboards, raised its full-year revenue guidance to $400 to $402 million, up from $344 to $352 million prior, in advance of the ICR Conference. Crocs Updates Full-year Outlook
The clogmaker said that 2021 revenues will be up about 67% year-over-year, better than its previous guidance for 62-35% higher sales, despite continuing supply chain headwinds. Delta Apparel Has Stronger than Expected First Quarter Sales
Delta Apparel said it now expects revenues for the final quarter of the year, its fiscal Q1, to be approximately $109 million, up 15% from $94.7 million last year, in a presentation at the ICR Conference. Rocky Brands Touts New DC, B2B Strategy
RCKY is forging ahead with its B2B sales, building out DC space, and integration of the brands acquired from Honeywell, the company said at the 2022 ICR Conference. Lululemon Warns on Q4 Guidance
The Lulunatics said that revenues and earning per share for the final quarter will both come in near the low end of previously guided ranges, blaming the impact of Omicron. Zumiez Holiday Comps Increased 9%
Zumiez avoided a lump of coal in their stocking, as comparable sales increased 6% for the nine-week period ended Jan. 10, and total sales increased 9% over the same period. Retail Imports Inch Higher in November
Retail imports at West Coast ports increased 0.5% year-over-year to 2.11 million Twenty-Foot Equivalent Units in Nov., according to the NRF and Hackett Associates, which sees volumes beginning to normalize after record highs. Dick’s Sets $1 Billion Debt Offering
Dick’s SG is offering $1 billion of unsecured senior notes due 2032 and intends to use the proceeds to repay its $575 million of convertible debt, and for general corporate purposes. Caleres Raises Earnings and EPS Guidance
Caleres is raising its previously issued earnings guidance for the year ending Jan. 29, 2022, to $3.29 to $3.39 per share, or between $4.00 and $4.10 per share after adjusting for brand exits and its Blowfish purchase obligation. SFIA’s New Chairman is Jonathan Ram
The Sports & Fitness Industry Association elected HanesBrands’ group president of global activewear, Jonathan Ram, as chairman of its board of directors for 2022-2023.
The CVA, Bergara, Powerbelt, Quake, and Durasight parent hired FN America veteran Scot Fisher as its new CEO. Etcetera: Timberland, REI, Giant
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