Lids Sports Group Posts Loss on Sales Decline

Genesco Inc.’s Lids Sports Group swung to a $388,000 operating loss in Q3 ended Nov. 3 from a $1.9 million operating profit a year earlier as its mall-based headwear retail business continued to “struggle with a lack of store traffic,” Genesco CEO Bob Dennis said in releasing earnings. Lids’ revenue declined 4.5% to $173 million. Lids’ same-store sales decreased 2%

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Concept One Accessories Strikes Deals for FUL-Disney Luggage

Concept One Accessories reached an agreement for dual-branded FUL-Disney luggage, among the first licensing agreements the company has struck since acquiring the FUL brand from Sequential Brands Group earlier this year, says CEO Sam Hafif. The company, a former FUL licensee, has deals for Mickey Mouse and Black Panther for 21-, 25- and 29-inch hard-sided luggage with additional products under

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Ollie’s Bargain Outlet Expanding Toys, Sees Room for 950 U.S. Stores

Discount retailer Ollie’s Bargain Outlets, which purchased (12) or leased (6) 18 former Toys R Us locations across nine states, is expanding its toy assortment and sees room for more than 950 U.S. stores. The 300-store chain is opening 37 stores in the current year ending in February. It paid $42 million earlier this year for the 12 former Toys

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Five Below Testing $10 Products

Five Below, which has made its mark by selling products for $5 or less, is moving slightly upscale. The Philadelphia-based chain launched a 10 Below section in six stores in October featuring products priced up to $10. The items include Star Wars action figures and other toys, Bluetooth speakers, gaming controllers, home furnishings (small tables, chairs and shelving) and pet

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Executives

CPLG CEO Peter Byrne departs,  replaced by Northern Europe Managing Dir. Maarten Weck; DHX Brands (Teletubbies, Twirlyroos, Archie Comics), formerly under Bryne, now reports to DHX Executive Chairman Michael Donovan… Sophie Kopaczynski, ex-Vivendi, named CEO at The Copyrights Group, replacing founder Nicholas Durbridge, who remains board member and special advisor… Best Buy Chief Merchandising and Marketing Officer Michael Mohan named

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Dollar General Adds Lego Sets

Dollar General is carrying Lego sets for the first time, joining the list of retailers expanding their toy selection in the wake of Toys R Us closing. Licenses in the 15-item assortment include Marvel Super Heroes (Thor, Groot) and Batman v. Harley Quinn sets priced up to $20. The products are being sold chainwide through Dollar General stores and its

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Movado’s Q3 Profit Increases as Lacoste and Tommy Hilfiger Licenses Show Gains

Movado’s net income rose 55% to $26.9 million in Q3 ended Oct. 31, due partly to double-digit percentage increases in sales of Lacoste and Tommy Hilfiger watches, the company said in releasing Q3 earnings. Sales of watches and accessories rose 10.4% to $189.4 million, with U.S. revenue jumping 11.5% to $75 million and international sales up 8.9% to $114.3 million

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Fanatics Signs Its First eSports Deal, for Overwatch League

Fanatics – the dominant force in online retailing of sports-licensed merchandise — has made its first big move into eSports, signing an agreement with Activision Blizzard to create licensed apparel (headwear, jerseys) and hardgoods tied to the Overwatch League. It’s the first big deal tied to that league, which was set up along the lines of traditional U.S. sports leagues,

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 GameStop Continuing Discussions with ‘Third Parties’, Posts Q3 Loss

GameStop Corp. is continuing “discussions with third parties about potential transactions” as its board moves forward with a strategic review, interim CEO Shane Kim said in releasing Q3 earnings. GameStop won’t hire a new CEO until the review is complete, Kim said. Among the options being considered is taking the company private; Reuters has reported that equity firms Tiger Management

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Global Brands Group Launches Restructuring Program

Global Brands Group (GBG), fresh from the $1.2 billion sale of its North America children’s, accessories and West Coast fashion (Buffalo Jeans, Joe’s Jeans) businesses, has embarked on a restructuring plan aimed at cutting $100 million in operating costs by the middle of next year, CEO Rick Darling said today in releasing first-half earnings. GBG wants to speed manufacturing and

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