article thumbnail

Under Armour Will Exit up to 3,000 Wholesale Partnerships to Focus on DTC

Retail TouchPoints

Under Armour plans to overhaul its wholesale partnerships, exiting between 2,000 and 3,000 stores in North America, according to company executives on a recent earnings call. The brand expects to be in approximately 10,000 stores by the end of 2022 as it shifts its toward direct-to-consumer (DTC) channels. “I ”

Wholesale 290
article thumbnail

Inside Natori’s Transformation from High-End Wholesaler to Omnichannel Brand

Retail TouchPoints

The company’s wholesale business is still thriving, but now it’s only part of an omnichannel strategy that includes ecommerce , social commerce and marketplaces. Introducing DTC Without Damaging Wholesale. And earn his stripes he has. I Would Always Rather Over-explore than Under-explore’.

Wholesale 275
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kathmandu parent KMD Brands sees sales, net profit increase

Inside Retail

Outdoor apparel retailer KMD Brands has witnessed an increase in sales and net profit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. Despite a challenging wholesale market, group wholesale sales grew by 11 per cent.” Sales grew 12.6

article thumbnail

Walmart, TJX Provide a Few Bright Spots in Q3 Results

Retail TouchPoints

Several of the nation’s largest retailers, including Target , Macy’s , Gap and BJ’s Wholesale Club , struggled during Q3, with all reporting net sales declines and all but one showing a fall-off in comparable store sales. and a slight comp sales increase of 0.3%. 28, 2023, by 4.3% and 3% respectively. Overall, Gap’s net sales of $3.8

Apparel 264
article thumbnail

Under Armour continues to struggle although decline softens

Inside Retail

Athletic apparel brand Under Armour posted revenue of US$1.6 The dip in North American sales continues to be a concern as this is Under Armour’s largest market by some margin, and is also a region where consumer spending has, generally, held up quite well.” Apparel revenue increased 3 per cent to $1.1

Apparel 264
article thumbnail

Wholesale Central Introduces New Amazon FBA Suppliers Category

Independent Retailer

Wholesale Central , the internet’s leading directory of wholesale suppliers, has introduced a brand new supplier category on their website, Amazon FBA Suppliers , to make it easier for retailers nationwide to find wholesalers that offer this service. . Wholesale Central is a product of Sumner Communications, Inc.

article thumbnail

Bluestar Alliance Buys Scotch & Soda’s U.S. Business

Retail TouchPoints

based wholesale and retail business assets of the Scotch & Soda brand, which will allow its products to be sold in retail stores across the country. Currently the Amsterdam-based brand’s apparel, eyewear, fragrances and accessories are available in stores across Europe, North America, the Middle East, Africa and Australia.

Wholesale 330