January 09, 2023
Tilly’s and Zumiez both saw revenues tumble in the quarter-to-date period, blaming inflationary pressures on consumer spending for putting coal in their stockings.
The lulunatics raised revenue guidance and narrowed net income guidance for the fourth quarter, but warned that gross margin would be lower than expected, in a preannouncement before the ICR Conference.
Strength in Salt Life and DTG2Go was not enough to overcome the core Delta Direct segment struggling with an excess of inventory at its retail partners, sending total sales down 4% to about $106 million the fiscal first quarter ended Dec. 31.
The Famous Footwear parent’s Holiday sales were on track with its expectations, newly appointed CEO Jay Schmidt reported in a fireside chat at the ICR Conference, with both retail and brand sales holding up despite an increased level of promotions in the marketplace.
West Coast retail imports dropped double digits in Nov. to 1.78 million Twenty-Foot Equivalent Units, the first sub-2 million month since Feb. 2021, according to the NRF and Hackett Associates.
The outdoor gear brand’s CEO & founder, Davis Smith, will transition to chairman of the board after a record 2022 where sales exceeded $100 million, doubling the top line year-over-year.
VFC expanded the role of four of its senior members to boost its international leadership team, adding the APAC region to EVP EMEA emerging brands, Martino Scabbia Guerrini’s responsibilities.
The Cleveland, OH-based blank apparel supplier will expand internationally with its acquisition of the German company for undisclosed terms.
The technical textiles and fabrics supplier will acquire the former Hanesbrands facility located in Patrick County, VA, along with the plant’s equipment, for $3.1 million.
Jonathan Ram, Clarks’ CEO, was re-elected as chairman of the SFIA board for the 2023 term, joined by newly elected directors, Adam Franklin, president of Franklin Sports, and Richard Sullivan, president & CEO of Asics North America.
The headwear and apparel company filed suit against Twnty-Two, Inc. and its officers in NY District Court accusing the defendants of infringing on its flag and tag trade dress.