The American sportswear giant has been hit by sneaker sourcing issues, like Puma and Adidas, both foreseeing inventory problems, and has cancelled the orders placed by some retailers, according to a US source.
The sports equipment retailer reported net sales of $2.75 billion in Q3, a figure that represented an increase of 13.9% compared to $2.41 billion in the prior-year period and glided past analysts’ expectations.
Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.
The San Francisco-based lifestyle retailer announced a net loss of $152 million, or $0.40 per diluted share, for the third quarter, on Tuesday, as the company struggled with ongoing global supply chain issues.
Google is aiming to help the fashion industry become more sustainable and has linked with Stella McCartney, The Textile Exchange and the World Wide Fund for Nature on the Global Fibre Impact Explorer tool.
Threads giant Coats Group seems to be bouncing back from the pandemic with the company on Tuesday saying that in the three months to the end of October, its organic revenue was 6% higher than the same period in 2019.
The New York-based sports and footwear retailer has reported net sales of $2.19 billion for the third quarter, a result that reflected growth of 3.9% compared to $2.11 billion in the prior-year period.
The fashion event that takes place at Paris' Porte de Versailles has partnered with trade fair operator Sportair to introduce sportswear and outdoor labels at its next edition, set to run January 21 through 24, 2022.
The sports and footwear retailer has promoted Franklin Bracken to the new role of COO and has begun searching for an executive to fill another new position, that of chief strategy, innovation, and development officer.
The department store chain has teamed up with the sports merchandise company to launch licensed sports fan products from leagues including the NFL, NCAA, NBA, and MLB, on the Nordstrom.com e-commerce platform.