Alibaba Group Holding Ltd.’s Singles’ Day shopping festival posted record sales of 540.3 billion yuan ($84.5 billion), an 8.5 percent increase over last year
Category: Footwear
Yue Yuen’s Q3 Sales Impacted By Vietnam Factory Shutdowns
Yue Yuen reported a profit against a loss in the nine months ended September 30, 2021. Sales jumped 5.8 percent as a first-half recovery largely offset by the disruption to its manufacturing operations in Vietnam and weak retail sales in the third quarter.
SportChek’s Q3 Comps Expand 11 Percent
Canadian Tire Corporation, Ltd. reported comparable-store sales at SportChek were up 11.2 percent in the third quarter, led by growth in athletic apparel, footwear, hockey, and team sports.
Dillard’s Sees 48 Percent Comp Gain In Q3
Dillard’s Inc. reported a sharp recovery in earnings in the third quarter ended October 30 as same-store sales ran up 48 percent.
Nike To Open Store In Milwaukee
Nike plans to open a store at Milwaukee’s Bayshore Town Center open-air shopping mall, according to the Milwaukee Business Journal.
Yeti Raises Outlook On Better-Than-Expected Q3
Yeti Holdings, Inc. slightly raised its guidance for the year after reporting third-quarter results that topped Wall Street analysts’ targets. Sales grew 23 percent in the quarter on top of 29 percent growth in the 2019 quarter.
Mizuno’s Sales Climb 28 Percent In Fiscal Half
Mizuno Corp. reported a significant rebound in profits in the six months ended September 30 as sales grew 28.4 percent. The sales gains were helped by strong sales in golf and running, especially in the Americas and EMEA.
Nike Extends Partnership With U.S. Soccer
The U.S. Soccer Federation and Nike have announced a long-term agreement to extend its partnership that began in 1995. The scope of the integrated partnership makes it the largest commercial agreement in U.S. Soccer history.
Brian Moore Appointed Senior Vice President, Global Product, Saucony
Saucony, a division of Wolverine Worldwide, Inc. announced it had appointed industry veteran Brian Moore to senior vice president, global product, effective immediately.
Adidas Shaves 2021 Forecast On Sourcing Disruptions
Adidas slightly lowered its full-year sales and profit forecasts, citing sourcing disruptions and a tough market environment in China after third-quarter results missed analyst expectations. Currency-neutral sales in the third quarter increased 3 percent. On a currency-neutral basis, revenues in EMEA and North America both grew 9 percent, Latin America surged 55 percent and Asia-Pacific fell 8 percent.
Wolverine Trims Full-Year Earnings Outlook On Supply Chain Woes
Wolverine World Wide, Inc. reported strong sales and underlying earnings gains for the third quarter ended October 2, 2021, but slightly reduced its earnings guidance to reflect recent supply chain challenges.
Macy’s Boosts Minimum Wage And Benefits To Workers
Macy’s said it will raise the minimum wage to $15 per hour by next May due to a tight labor market. The department store chain is also adding an education program that will cover 100 percent of tuition, books and fees.
Foot Locker And Designer Don C Launch Lifestyle Brand
Foot Locker announced the launch of All City by Just Don, a lifestyle brand created in partnership with Don Crawley, the American streetwear designer from Chicago known professionally as Don C.
Retail Imports Near Record Pace Despite Port Congestion
Imports at the nation’s congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released by the National Retail Federation.
Asics North America Delivers Double-Digit Growth In Q3
Asics said that for a third consecutive quarter, its North America region experienced a double-digit quarterly sales increase year-over-year.
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