Genesco Inc. announced that comparable sales, including both stores and direct sales, increased by 3 percent for the quarter-to-date period ended December 24, 2022. The parent of Journeys now expects fiscal 2023 adjusted EPS to be at the low end of the most recent guidance range.
Category: Footwear
Lululemon Lifts Fiscal Q4 Sales Outlook; Sees Margin Pressure To EPS
Lululemon Athletica, Inc. slightly raised its revenue guidance for the fourth quarter while narrowing its EPS target.
Dick’s SG Closes Store In Worcester
Dick’s Sporting Goods closed its retail store at Lincoln Plaza in Worcester, MA on December 31.
Kohl’s General Counsel To Exit
Kohl’s Corp. general counsel and corporate secretary Jason Kelroy plans to leave the business this month.
Boot Barn Exceeds Fiscal Q3 Guidance; Comps Down As E-Comm Falls 15 Percent
Boot Barn Holdings, Inc. reported preliminary results for the third quarter of fiscal year 2023 ended December 24, 2022.
Darby Communications Adds Two Partners To Ownership Structure
After celebrating fifteen years in operation, Darby Communications expanded the agency ownership to include two business partners.
Macy’s To Close Four Stores
Macy’s confirmed it is closing four stores in Los Angeles, CA; Fort Collins, CO; Oahu, HI; and Gaithersburg, MD.
ASTM Adds Board Member
ASTM International reported William A. Ells, vice president of sales at Vibram USA, will serve a three-year term on ASTM’s International board of directors.
Lands’ End Sets Organzational Changes
Lands’ End Inc. reported executive leadership hires and organizational changes to support its business objectives and growth initiatives.
Nordstrom Appoints Intuit Technology Exec To Board
Nordstrom, Inc. appointed Intuit tech executive Atticus Tysen to its board of directors, effective immediately.
Costco December Comps Rise 5.5 Percent But E-Commerce Declines
Costco Wholesale Corporation posted net sales of $23.80 billion for the retail month of December, the five weeks ended January 1, 2023, an increase of 7.0 percent from $22.24 billion in the comparable month last year.
Merrell Hires New VP U.S. Sales
Merrell hired Jessica Adler as VP of U.S. sales. With nearly 20 years of experience in retail, Adler is responsible for the brand’s U.S. wholesale strategy.
The Buckle Posts 7.0 Percent Comp Sales Growth For December
The Buckle, Inc. saw comparable store net sales increase 7.0 percent for the 5-week period ended December 31, 2022 versus comp store net sales for the 5-week period ended January 1, 2022.
DSW Parent Appoints New CEO, Reiterates Outlook
Designer Brands, Inc., parent company of DSW and Topo Athletic, hired Doug Howe, president of DSW, to succeed Roger Rawlins as CEO, effective April 1, 2023, at which time Rawlins will step down as CEO and as a member of its board of directors.
New Balance Sues Roma Following Adidas Sponsorship
New Balance filed a lawsuit against Italian Serie A club Roma for signing a new long-term agreement with Adidas despite New Balance exercising its right of first refusal.
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