Latest news with #Tillys
Fashion Network
2 days ago
- Business
- Fashion Network
Tilly's names new CEO
Tilly's announced on Monday the appointment of Nate Smith to the position of president and chief executive Officer and as a director of the U.S. youth apparel company, effective August 18. Smith succeeds Hezy Shaked, co-founder, executive chairman, and current president and chief executive officer, who will transition into the executive chairman role effective on that date. 'I am honored to have the opportunity to lead a company like Tillys,' said Smith. 'Tillys has had a strong track record of success over its 43-year history, and I am excited to work with Hezy, the board and the team to revitalize and build upon that history.' Smith joins the Irvine, California-based company from Marolina Outdoor, where he served as CEO since September of 2024. Previously, he worked at Boardriders from June 2017 to April 2024 as president, Americas, after a stint as vice president/general manager, North American wholesale at Oakley from 2015 to 2017 and as Vice President, Oakley defense from 2012 to 2017. Before that, he has also served in executive roles at Ipath Footwear, MV Transportation, and Patagonia, Inc., following eight years of service in the United States Navy. 'On behalf of myself and the Board, we are very excited to have Nate join our leadership team, and I am looking forward to working closely with him as he transitions into Tillys,' said Shaked. 'We believe Nate's combination of robust industry experience, core values, and strategic vision will help revitalize our brand and drive further improvements in our business during this important time.'
Fashion Network
2 days ago
- Business
- Fashion Network
Tilly's names new CEO
Tilly's announced on Monday the appointment of Nate Smith to the position of president and chief executive Officer and as a director of the U.S. youth apparel company, effective August 18. Smith succeeds Hezy Shaked, co-founder, executive chairman, and current president and chief executive officer, who will transition into the executive chairman role effective on that date. 'I am honored to have the opportunity to lead a company like Tillys,' said Smith. 'Tillys has had a strong track record of success over its 43-year history, and I am excited to work with Hezy, the board and the team to revitalize and build upon that history.' Smith joins the Irvine, California-based company from Marolina Outdoor, where he served as CEO since September of 2024. Previously, he worked at Boardriders from June 2017 to April 2024 as president, Americas, after a stint as vice president/general manager, North American wholesale at Oakley from 2015 to 2017 and as Vice President, Oakley defense from 2012 to 2017. Before that, he has also served in executive roles at Ipath Footwear, MV Transportation, and Patagonia, Inc., following eight years of service in the United States Navy. 'On behalf of myself and the Board, we are very excited to have Nate join our leadership team, and I am looking forward to working closely with him as he transitions into Tillys,' said Shaked. 'We believe Nate's combination of robust industry experience, core values, and strategic vision will help revitalize our brand and drive further improvements in our business during this important time.'
Business Wire
3 days ago
- Business
- Business Wire
Tilly's, Inc. Announces Appointment of Nate Smith as President and Chief Executive Officer Beginning August 18, 2025.
IRVINE, Calif.--(BUSINESS WIRE)--Tilly's, Inc. (NYSE: TLYS, the 'Company' or 'Tillys') today announced that effective August 18, 2025, Nate Smith has been appointed to the position of President and Chief Executive Officer and as a Director of the Company. In conjunction with this appointment, Hezy Shaked, Co-Founder, Executive Chairman, and current President and Chief Executive Officer, will transition into the Executive Chairman role effective on that date. 'On behalf of myself and the Board, we are very excited to have Nate join our leadership team, and I am looking forward to working closely with him as he transitions into Tillys,' commented Mr. Shaked. 'We believe Nate's combination of robust industry experience, core values, and strategic vision will help revitalize our brand and drive further improvements in our business during this important time.' Mr. Smith has served Marolina Outdoor, Inc. since September 2024 as its Chief Executive Officer. Previously, he served Boardriders, Inc. from June 2017 to April 2024 as President, Americas. Prior to Boardriders, Mr. Smith served as Vice President/General Manager, North American Wholesale at Oakley, Inc. from September 2015 to June 2017 and as Vice President, Oakley Defense from July 2012 to June 2017. He has also served in executive roles at IPATH Footwear, MV Transportation, Inc. and Patagonia, Inc., following his eight years of service in the United States Navy. 'I am honored to have the opportunity to lead a company like Tillys,' said Mr. Smith. 'Tillys has had a strong track record of success over its 43-year history, and I am excited to work with Hezy, the Board and the team to revitalize and build upon that history.' About Tillys Tillys is a leading, destination specialty retailer of casual apparel, footwear, accessories and hardgoods for young men, young women, boys and girls with an extensive selection of iconic global, emerging, and proprietary brands rooted in an active, outdoor and social lifestyle. Tillys is headquartered in Irvine, California and currently operates 232 total stores across 33 states, as well as its website, Forward-Looking Statements Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements regarding our current operating expectations in light of historical results, the impacts of inflation and potential recession on us and our customers, including on our future financial condition or operating results, expectations regarding changes in the macro-economic environment, customer traffic, our supply chain, our ability to properly manage our inventory levels, and any other statements about our future cash position, financial flexibility, expectations, plans, intentions, beliefs or prospects expressed by management are forward-looking statements. These forward-looking statements are based on management's current expectations and beliefs, but they involve a number of risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to the impact of inflation on consumer behavior and our business and operations, supply chain difficulties, and our ability to respond thereto, our ability to respond to changing customer preferences and trends, attract customer traffic at our stores and online, execute our growth and long-term strategies, expand into new markets, grow our e-commerce business, effectively manage our inventory and costs, effectively compete with other retailers, attract talented employees, or enhance awareness of our brand and brand image, general consumer spending patterns and levels, including changes in historical spending patterns, the markets generally, our ability to satisfy our financial obligations, including under our credit facility and our leases, and other factors that are detailed in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission ('SEC'), including those detailed in the section titled 'Risk Factors' and in our other filings with the SEC, which are available on the SEC's website at and on our website at under the heading 'Investor Relations'. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. This release should be read in conjunction with our financial statements and notes thereto contained in our Form 10-K.
Yahoo
18-07-2025
- Business
- Yahoo
Why Is Tilly's (TLYS) Stock Rocketing Higher Today
What Happened? Shares of young adult apparel retailer Tilly's (NYSE:TLYS) jumped 5.1% in the afternoon session after the release of stronger-than-expected U.S. retail sales data, which boosted investor confidence in consumer-focused stocks. The rally was part of a broader trend lifting consumer discretionary stocks after the Commerce Department reported that retail sales rose 0.6% in June, significantly beating economists' expectations and rebounding from a decline in May. This report eased investor concerns about the health of the U.S. consumer, a key driver of the economy. For a specialty retailer like Tilly's, the details of the report were particularly encouraging. Sales at clothing and accessories stores saw a notable increase of 0.9%. This broad strength in apparel spending suggests that consumers are still willing to spend on discretionary items, creating a positive backdrop for companies across the fashion retail landscape. The upbeat data lifted sentiment for the entire sector, as a resilient consumer is fundamental to their business models. Also, the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. Is now the time to buy Tilly's? Access our full analysis report here, it's free. What Is The Market Telling Us Tilly's shares are extremely volatile and have had 72 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was about 1 month ago when the stock gained 10.9% on the news that the company reported impressive first quarter 2025 results and provided optimistic revenue and EPS guidance for the next quarter, which blew past analysts' expectations. Sales weakness improved as the company observed consistent traffic gains. The company was also betting on the seasonally strong Back-to-School Season to drive volume growth, further reinforcing the upbeat guidance despite ongoing store closures. On the other hand, the quarter's revenue, EPS, and EBITDA fell short of Wall Street's estimates. Zooming out, we think this was a mixed yet decent quarter. Tilly's is down 67.5% since the beginning of the year, and at $1.48 per share, it is trading 76.4% below its 52-week high of $6.28 from July 2024. Investors who bought $1,000 worth of Tilly's shares 5 years ago would now be looking at an investment worth $219.58. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Washington Post
04-06-2025
- Business
- Washington Post
Tilly's: Fiscal Q1 Earnings Snapshot
IRVINE, Calif. — IRVINE, Calif. — Tilly's Inc. (TLYS) on Wednesday reported a loss of $22.2 million in its fiscal first quarter. On a per-share basis, the Irvine, California-based company said it had a loss of 74 cents. The clothing and accessories retailer posted revenue of $107.6 million in the period.
