Foot Locker Inc. reported a net loss of $98 million in the first quarter as sales dropped 43.4 percent. Said Richard Johnson, chairman and chief executive officer, “Thanks to the unwavering efforts of our team, we are in the early stages on our road to recovery. Our phased reopening of stores is underway, and our plan is to build, be back, and be better than before.”
Author: SGB Media
5.11 Appoints VP Of Global Product
5.11, Inc., the maker of technical apparel, footwear and gear, welcomed Matt Page, former executive at brands like The North Face, Under Armour and Mountain Hardwear, to 5.11’s executive team as vice president, global product.
Cotton Council International Joins Sustainable Apparel Coalition
Cotton Council International (CCI) announced that it has joined the Sustainable Apparel Coalition (SAC) and will use the group’s sustainability measurement suite of tools, the Higg Index, to drive environmental and social responsibility throughout its supply chain.
Lululemon Provides Update On Phased Global Store Reopening Plan
Lululemon Athletica Inc. said it has reopened over 150 store locations across North America, Europe, Asia, New Zealand and Australia, with approximately 200 additional locations set to reopen over the next two weeks.
Aku Outdoor Expands Sales In Southern States
Aku, the Italian manufacturer of hiking and trekking boots, announced that The Uber Group has been retained as its new sales rep agency to support sales throughout the southern states.
Hummel Replaces Umbro As Everton Sponsor
Everton, the Premier League club, has agreed to a three-year kit deal with the Danish sportswear company Hummel. Umbro has been the sponsor since 2014.
Ross Stores Posts Steep Loss In Q1
Ross Stores Inc. reported a net loss for the 2020 first quarter of $306 million as revenues fell 52.6 percent.
Deckers Brands’ Q4 Profits Slide
Deckers Brands Inc. reported earnings on an adjusted basis were off 35.3 percent as sales slid 4.9 percent. A 51.8 percent hike in Hoka One One’s sales was unable to offset a 17.9 percent decline at Ugg tied to store closures.
SFIA Survey: COVID-19 Hits Industry Hard, Yet Fitness Surges
Over 70 percent of sports and fitness manufacturers and businesses reported a sales drop of over 25 percent for the month of April (comparing April 2020 sales to April 2019 sales), with 30 percent of respondents reporting a sales drop of over 75 percent, according to SFIA’s COVID-19 Response Survey. However, there were pockets of strength: home fitness equipment and at-home sports equipment sales grew in the same period.
Nike To Let Liverpool End Season With New Balance
Liverpool, the English Premier League club positioned to win its first title in more than 30 years, has reached a settlement with Nike that will allow the team to continue to wear their New Balance kit until the end of the season.
Boot Barn Sees Modest Sales Decline In Q4
Boot Barn Holdings Inc. reported net earnings fell 34.5 percent in the fourth quarter ended March 28. Sales decreased 2.1 percent.
Pop Warner Partners With Super Fan Sports Fundraising
Pop Warner Little Scholars, Inc., the nation’s oldest youth football, cheer and dance organization, recently named Super Fan Sports Fundraising as an official fundraising partner through 2022, giving programs an online fundraising option that allows them to reach their needs even during times of widespread public health emergency.
Macy’s Seeing Strong Reopenings
Macy’s said its store reopenings are generating sales higher than expected and its digital momentum has not fallen off. The department store giant provided an update while pre-releasing first-quarter results that included a forecast for an operating loss of up to $1.1 billion for the period
Shoe Carnival Sees Decision Not To Furlough Workers Paying Off
Shoe Carnival Inc. reported a loss in the first quarter on a steep sales decline due to stores closures tied to COVID-19. But online sales are increasing more than three-fold and officials believe a decision not to furlough any workers is helping drive above-plan sales as stores reopen.
TJX’s Q1 Sales Tumble 52.5 Percent
The TJX Companies Inc. reported a net loss of $887 million, or 74 cents a share, in the first quarter against earnings of $700.2 million, or 57 cents, a year ago. Sales declined 52.5 percent to $4.4 billion from $9.28 billion a year ago.
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