Direct-to-consumer net sales increased by 5.6 percent to $91.7 million and Retail store net sales decreased 4.4 percent to $49.9 million, reportedly due to slower store traffic, partially offset by strong conversion rates.
Author: SGB Media
LAX Ammunition to Open New Store In Southern Cal
The new store, opening this fall in Laguna Hills, is the fifth for the Southern California retailer and the second to open within the past year.
EXEC: Birkenstock Shares Fall as Sales and Earnings Miss Consensus Estimates
Revenue growth reportedly benefited from increased sales of closed-toe silhouettes, which grew at over twice the brand average and closed-toe penetration increased 400 basis points year-over-year.
Walmart Building More Than A Marketplace for Sellers
Company leaders outlined category expansions, multichannel fulfillment and new features that Walmart believes will simplify selling across markets to the thousands of sellers attending its “Let’s Grow” 2024 Marketplace Summit on August 27.
EXEC: Foot Locker Gives Q2 Nod to Nike in Basketball, Adidas and New Balance in Lifestyle
North America overall comps were up 1.7 percent for the quarter, led by Foot Locker North America, which delivered a comp increase of 5.9 percent.
EXEC: Wall Street Reacts as Foot Locker CEO Talks Turnaround Plan and Positive Q2 Comps
FL shares have been on a bit a roll, with the stock up 24 percent in the last month and 42 percent over a three-month period, but the Q2 results weren’t positive enough to build on that momentum as FL shares fell in double digits on Wednesday.
Apparel Group Continues Expansion, Opens 100 New Stores in First Half
Representing globally recognized brands, including Steve Madden, Skechers, Asics, and Levi’s, to name a few, Apparel Group has a strong footprint in key markets, including India, Bahrain, the UAE, Oman, and Saudi Arabia.
Pvolve Expands with Boulder Studio
This news follows the announcement that Colorado’s first Pvolve studio will open in Denver late this year, the first of several studios coming to the market from a separate development deal.
Milliken & Company Names Textile Business President
Jacoby has full operational responsibility for Milliken’s product portfolio as EVP and president of its textile business. He succeeds David Smith who is retiring after 45 years of working for Milliken.
Oboz Mourns the Passing of Founder John Connelly
On August 22, Oboz Footwear Founder and outdoor industry luminary John Connelly passed away following a long battle with various cancers.
Orangetheory Fitness Continues Expansion in the U.S. and Abroad
Opened in July 2024, the West Arvada, CO studio is the second location in Arvada and the fifth studio for franchisee Shawn Johnson. Opened on August 11, the Banjara Hills studio in India is the third for franchisee Drishti Chhabria.
Life Time to Open New Athletic Club in Austin
The club at The Bouldin in the South Lamar neighborhood of Austin, TX, has an opening date of mid-to-late 2025 as part of the four-acre mixed-use development.
Taylor’s & Company Taps Mountain States Sports Marketing as Western U.S. Reps
Mountain States Sports Marketing Inc., was originally established in 1984 by Terry Labrum, Steve Smart and Bill Hayes in Salt Lake City, UT. Today, it is owned and actively managed by former Weatherby exec Brad Ruddell.
Kohl’s Corporation Ups Full Year Earnings Outlook After Q2 Earnings Beat
The retailer saw net sales decrease 4.2 percent year-over-year, with comparable sales down 5.1 percent year-over-year, but it also posted a 13 percent increase in earnings driven by GM expansion and strong inventory and expense management.
EXEC: Foot Locker Exiting New York for Sunnier Environs; Shakes Up Europe and Asia Model
Foot Locker Inc. is pulling up stakes in New York City and moving to St. Petersburg, FL in 2025. The company plans to maintain only a limited presence in New York City going forward.
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