Indian multi-brand footwear company, Metro Brands, is talking with Foot Locker to bring the U.S. brand into India.
Category: Footwear
Authentic Brands Closes In On Acquisition Of Quiksilver, Billabong Parent
Authentic Brands Group has proposed a new term loan that it plans to use to support a potential acquisition of Boardriders, Inc., according to a report from Moody’s.
Swing Racquet + Paddle Inks Wilson Deal For “Sportstainment” Venue
Swing Racquet + Paddle has inked a deal with Wilson Sporting Goods Co. as a leading sponsor a “first-of-its-kind dedicated multi-racquet & paddle sport and Sportstainment venue.”
Dillard’s, Inc. Declares Cash Dividend
The Dillard’s, Inc,’s board of directors declared a cash dividend of 20 cents per share on the Class A and Class B Common Stock of the company.
VF Prices €1 Billion Of Senior Notes To Fund Sustainable Development Goals
On the heels of a Moody’s Investors Service downgrade in the debt ratings of VF Corporation, the active lifestyle company has priced €500 million aggregate principal amount of unsecured senior notes due 2026
Duluth Trading Sees Retirement Of Board Director
Duluth Holdings, Inc. announced the retirement of Thomas Folliard as a member of its board of directors.
Revolve Group Sees Q4 Markdown Pressures Cut Into Profits
Revolve Group, Inc. reported a steep decline in profits in the fourth quarter due to markdown pressures. Sales for the fashion e-commerce site were up 9 percent. For the year, net income was down 41 percent, while sales grew 24 percent.
Rocky Brands Sees Lower Q4 Sales On Weaker Wholesale Business
Rocky Brands, Inc. reported that fourth quarter net sales decreased 18.0 percent to $138.9 million, compared with $169.5 million in the fourth quarter of 2021. Wholesale segment sales for the fourth quarter decreased 26.6 percent to $98.9 million.
Steve Madden Posts Sharp Drop In Q4 Wholesale Revenues
Steve Madden’s fourth quarter 2022 revenue decreased 18.6 percent to $470.6 million in the period ended December 31, compared to $578.5 million in the prior-year comparable period. Revenue for the wholesale business was $308.8 million, a 24.8 percent decrease.
Adidas Opens First Retail Store In The Bronx
Adidas opened its first retail store in the Bronx today at The Mall at Bay Plaza.
Academy’s Debt Ratings Raised By Moody’s
Moody’s Investors Service upgraded Academy, Ltd.’s debt ratings to reflect Academy’s continued outperformance relative to expectations and the overall retail industry.
Adidas Renews Partnership With Major League Soccer
Adidas renewed a multi-year extension of its partnership with Major League Soccer.
Dick’s SG To Acquire Moosejaw From Walmart
Dick’s Sporting Goods agreed to acquire outdoor retailer Moosejaw from Walmart.
TJX Sees Holiday Sales Beat Plan
The TJX Companies Inc. reported earnings rose 14 percent in the fourth quarter ended January 28 on a 4 percent same-store gain. Sales came in ahead of guidance while earnings were at the upper end of plan.
Wolverine Worldwide Forecasts Low-Single-Digit Growth For 2023
Wolverine Worldwide’s fourth-quarter sales grew 8.4 percent as strong double-digit growth at Merrell and Saucony offset a steep decline at Sperry. Overall results were in line with recently-updated guidance. Guidance for the current year calls for margin pressures to continue in the first half of the year to further reduce inventories and low-single-digit growth on a currency-neutral basis for the overall year.
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