The company now expects to report a loss per basic share in the range of 94 cents to 97 cents for Q4, which compares to previous guidance for a loss per basic share in the range of 80 cents to $1.05.
Category: Footwear
Cotton Inc. Promotes William Kimbrell to President and CEO
The 22-year veteran of Cotton Inc. was executive vice president and chief operating officer before his promotion to CEO and president in November.
EXEC: 361 Degrees Owned-Retail Growth Accelerates in Q4 as E-Commerce Jumps
361 Degrees International, Ltd. reported brick-and-mortar retail sales of 361º core-branded product increased ~ 10 percent year-over-year for the fourth quarter of 2024. E-commerce product recorded sales growth of ~ 30 percent to 35 percent.
CNBC/NRF: Retail Monitor December Retail Sales Jump; Sporting Goods Rebounds
Core Retail Sales, excluding restaurants, auto dealers and gas stations, rose 2.2 percent m/m in December and up 8.4 percent y/y. That compared with a decrease of 0.19 percent m/m and an increase of 1.4 percent y/y in November.
Urban Outfitters Posts Strong Holiday Led by Anthropologie and Free People Comps
Comparable Retail segment net sales increased 10 percent at Anthropologie, grew 9 percent at Free People, and decreased 4 percent at Urban Outfitters. Nuuly segment net sales increased 55 percent.
RG Barry Brands Names Justine Suh President of Dearfoams
Most recently, Suh served as general manager at Carter’s North America Retail. Before that, she was chief merchandising officer at Cole Haan and VP, global general merchandise manager of Omni Channel at Deckers Brands.
Zumiez Inc. Cuts Guidance as Mid-Singles Holiday Comps Growth Falls Short
Based on results for the holiday period, the company anticipates fiscal 2024 fourth-quarter net sales come in between $275 million and $277 million, compared to its previous guidance range of $284 million to $288 million.
Foot Locker, Inc. Elects Two Retail Heavy Hitters to Board of Directors
Sonia Syngal most recently served as president and CEO of Gap, Inc., including overseeing Old Navy, Gap, Banana Republic, and Athleta. John Venhuizen has served for 12 years as president and CEO of Ace Hardware Corporation.
EXEC: JD Sports Fashion Reports 3.4 Percent Organic Sales Growth for Holiday
On a year-to-date (YTD) basis through January 4, comp sales revenue was flat, and the company said it expects full-year comp sales revenue to be at a similar level as the YTD trend.
Authentic Brands Group Appoints New Company President
Over his two-decade career at Wynn Resorts, Matt Maddox reportedly played a pivotal role in the company’s global expansion. Nick Woodhouse will become executive vice chairman of Authentic.
EXEC: Reebok’s U.S. Operations Sold to Galaxy Universal
Galaxy Universal specializes in the athletic, health and outdoor categories, among others, and owns the And1, Gaiam and Tony Hawk brands, and licenses the Justice and London Fog brands.
Famous Footwear Parent Cuts Sales and EPS Guide for Second Time in Two Months
Consolidated net sales are forecasted to be down 3.0 percent to 3.5 percent for fiscal 2024, compared to a December forecast for net sales to be down in a range of 2.5 percent to 3.0 percent and versus initial guidance of down in low-single-digits percent.
Kohl’s to Close an E-Comm Fulfillment Center and 27 Stores
The stores identified for closure are underperforming and represent approximately 2.3 percent of the company’s more than 1,150 locations. The San Bernardino EFC is one of 15 EFCs and DCs in Kohl’s nationwide supply chain network.
Macy’s Reports Flattish QTD Comps for Q4 with Upside at First 50, E-Commerce
The retailer’s First 50 locations and luxury nameplates Bloomingdale’s and Bluemercury all continue their trend of positive comparable sales. Macy’s digital channel also achieved comparable sales growth for the period.
Nordstrom , Inc. Ups Fourth Quarter Guidance on Solid Holiday Comps
Nordstrom banner net sales increased 3.7 percent and comparable sales increased 6.5 percent, while Nordstrom Rack banner net sales increased 7.4 percent and comparable sales increased 4.3 percent.
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