Genesco Inc said that due to adverse fashion shifts at Journeys and poor trading conditions at Schuh, its U.K. chain, it’s lowering its EPS outlook for the year.
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Shoe Carnival Narrows Outlook on Weak Back-To-School Start
Delayed buying hits athletic footwear sales, too, but rebound seen in August. “For the first time I can remember, footwear sales accelerated a day or two prior to school starting.”
Famous Footwear Foiled By Back-To-School Procrastinators
While the footwear retailer has seen delayed back-to-school buying for years, the trend is “much more pronounced this year” with consumers buying at need or even beyond the traditional in the season.
Non-Traditional Sports/Fitness Activities Expand Their Appeal
Americans are trying out more varied and new types of physical activities, but it’s coming at the expense of traditional sports and exercises, according to the 2016 edition of SFIA’s State of the Industry Report.
Athletic Sparkles Again For DSW
While overall comps slid 1.2 percent in the period, athletics grew 13.5 percent, continuing a strong trend in recent quarters.
DSW Beats Wall Street Targets
DSW Inc. reported second-quarter earnings slid 33.4 percent on a modest comp decline but adjusted earnings came in ahead of Wall Street’s consensus target and the off-pricer affirmed its outlook for the year.
J.Crew To Sell At Nordstrom
J.Crew Group Inc. announced that Nordstrom will sell an edited assortment of the J.Crew collection at select Nordstrom full-line stores and at Nordstrom.com, beginning September 12.
Badger Sportswear Deal Points To Healthy M&A Trends
Badger Sportswear, a family-owned supplier of team uniforms, performance athletic wear and fanwear, has become the latest “best-in-class” sporting goods platform to find a buyer.
Should Brands Follow Birkenstock In Cutting Off Amazon?
Can MAP policies work with the online retail giant or must brands go cold turkey?
Sports Authority Revised Exec Bonuses Draw Fire
The Justice Department’s U.S. trustee states, ““The debtors appear, once again, to be prioritizing insider executives above all other parties in interest, including unsecured creditors and the thousands of employees who have already lost their jobs.”
Ex-Chairman Explores Bid For Troubled Performance Sports Group
“I believe that my ownership involvement is not behind me,” said former PSG Chairman Graeme Roustan.
Puma Signs Arsenal Goalkeeper
The former Czech Republic keeper had been with Adidas for nine years.
Billabong’s Turnaround Hits Some Turbulence
Billabong, Element and RVCA brands see growth and expand share, but currency headwinds, retail disruption and a shift away from longboards drag earnings.
Best Buy Provides Upbeat Outlook For Wearables
Best Buy Inc. said strength in wearables helped the electronics chain deliver better-than-expected sales for its second quarter.
Bearpaw Appoints CFO
Bearpaw, best known for its fashionable boots, has appointed Jason J. Martini as its new chief financial officer.
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