Levi Strauss & Co announced plans to expand its retail footprint and forecast a smaller-than-expected decline in current-quarter revenue after surging online sales helped the denim maker post a surprise profit.
The Pennsylvania-based sports retailer has announced high single-digit sales growth in Q4 and the full year 2017, leading to improved earnings as the company extends both its digital penetration and store network.
The social media-fueled Grab Your Wallet campaign from 2017 is back with consumers now calling for the boycott of retailers affiliated with the NRA. Apple and Amazon are being targeted for streaming NRA TV.
Amazon's private label business has earned $250m this year. Nineteen of the 20 top selling brands are sold through the AmazonBasics label. 85 percent of AmazonBasics sales come from fashion, baby care and vitamins.
Shares of sporting goods retailers were pummelled in early trading on Friday as dismal quarterly results from Hibbett and Foot Locker heightened concerns about a supply glut intensifying price wars in the industry.
Nike has funded a study that shows compression apparel does nothing for performance, which could set back competitors in the compression apparel market, such as Under Armour for which compression wear is a core product.