GOA announced that advance registration is open for its annual ‘Connect’ buying show at the Kansas City Convention Center, scheduled for November 8-11, 2021. Attendees will be required to show proof of vaccination, with an expanded refund policy.
Category: Footwear
Dick’s SG Hikes Outlook As Second Quarter Crushes Analyst Targets
Dick’s Sporting Goods strongly raised its guidance for 2021 after reporting second-quarter earnings that came in well above Wall Street targets. Sales in the quarter increased 20.7 percent compared to the second quarter of 2020 and increased 45.0 percent compared to the second quarter of 2019. The company also announced a special dividend of $5.50 per share, a 21 percent increase in its quarterly dividend to $0.4375 per share and an increase in its planned share repurchases to a minimum of $400 million.
Shoe Carnival’s Earnings Surge In Second Quarter
Shoe Carnival Inc. reported earnings in the second quarter ended July 31 increased four-fold as same-store sales grew 11.4 percent. Results came in well above company guidance.
Anta Sports Posts Mega First Half Gains
Anta Sports Products Ltd. reported revenues grew 55.5 percent in the first half against a year ago and 54.0 percent compared to the same period of 2019.
Moody’s Finds Authentic Brands’ Announced Reebok Purchase Has No Immediate Impact On Ratings
Moody’s Investors Service said that Authentic Brands’ proposed debt-financed acquisition of Reebok has no immediate impact on its credit ratings.
Nordstrom Raises Revenue Forecast As Sales Revive
Nordstrom Inc. raised its guidance for the year after reporting second-quarter results that topped expectations. Core categories of shoes, apparel and accessories experienced the largest improvement in sales trends relative to the first quarter. In addition, sales in active, home and designer categories continued to grow versus 2019.
New Balance Launches New Balance Renewed
New Balance has launched New Balance Renewed, which aims to extend the life of imperfect or returned items, helping to keep them out of landfills.
PGA Golf Exhibitions Provide Update On 2022 In-Person PGA Show
PGA Golf Exhibitions, in partnership with the PGA of America, is moving forward with previously announced PGA Show initiatives for its 69th annual flagship event, January 25-28, 2022, in Orlando, FL.
SFIA Sends Letter To Administration To Relaunch Trade Talks With China
SFIA announced it had sent a letter to U.S. Trade Representative Tai and Treasury Secretary Yellen urging the Administration to relaunch trade talks with China and drop some of the Section 301 Tariffs.
Frasers Group Makes Key Promotions To Leadership Team
The Frasers Group, the parent of U.K.-based Sports Direct, promoted Sean Nevitt to chief commercial officer and David Al-Mudallal to chief operating officer to support the proposed transition of the CEO role to Michael Murray.
Hibbett Opens Second Raleigh Location
Hibbett announced the opening of its second Raleigh Hibbett Sports store. The new store is located at 5900 Poyner Anchor Lane in Raleigh, NC.
Swiss Running Brand On Files For IPO
On, the Swiss running brand, has filed for an initial public offering in the U.S.
Ecco Appoints CEO And Board Members
Ecco has appointed Panos Mytaros as its new chief executive officer, replacing Steen Borgholm, who has stepped down by mutual agreement.
Under Armour Joins Baltimore FIFA World Cup Host City
Under Armour has joined 15 other bid partners in Baltimore’s campaign to be a host city for the 2026 FIFA World Cup.
Japanese Sneaker Platform Soda Raises $56.4M
Soda, which runs Japan’s SnkrDunksneaker selling platform, raised $56.4 million in a financing round led by SoftBank Ventures Asia, according to TechCrunch.
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