Wolverine World Wide Inc. announced the promotion of Isabel Soriano as president of International and the appointment of Katherine Cousins as global brand president, Sperry.
Category: Footwear
Nordstrom’s Q1 Shows Sequential Improvement In Sales Trends
Nordstrom Inc. reported a loss in the first quarter, as expected while showing continued strength in online sales. The retailer said sequential improvement in sales trends of more than 700 basis points relative to fourth quarter, but overall sales were down 13 percent versus the 2019 first quarter.
City Gear Opens In Lake Charles
Hibbett announced the opening of a City Gear store in Lake Charles, LA.
CBP And Nike Inc. Partner To Fight Counterfeits
The U.S. Customs and Border Protection (CBP) announced a new formal partnership arrangement with Nike Inc. as part of the Donations Acceptance Program. Under its partnership with CBP, Nike Inc. is donating proprietary technology to aid in authenticating a variety of Nike Inc. merchandise and prevent counterfeit products from entering the U.S.
REI To Open First Store In Maine
REI Co-op is opening its first location in Maine in the Greater Portland area in Fall 2021.
Golf Rounds Played Surge In April
Golf rounds played in the U.S. jumped 81.4 percent for the month of April, according to Golf Datatech. For the year-to-date period, rounds are ahead
43.8 percent.
Study Finds 28 Percent Of Runners Started During The Pandemic
A study from RunRepeat found that 28.76 percent of runners started with the activity during the pandemic
Genesco Appoints Three New Independent Directors, Rejects Activist’s Slate
Genesco Inc. appointed three retail industry veterans, including Angel Martinez, the former CEO of Deckers Brands, to its Board, but none of the candidates nominated by an activist investor seeking to take control of the board. The other two new board members are Mary Meixelsperger, CFO, Valvoline and former CFO of DSW; and Greg Sandfort, former CEO of Tractor Supply Company.
The Buckle Sees Q1 Sales More Than Double
The Buckle Inc. reported net sales for the 13-week fiscal quarter ended May 1, 2021 increased 159.2 percent to $299.1 million from net sales of $115.4 million for the prior year 13-week fiscal quarter ended May 2, 2020.
Moody’s Upgrades Debt Ratings Outlook On Under Armour
Moody’s Investors Service changed Under Armour, Inc.’s outlook to positive from negative. Stated Mike Zuccaro, Moody’s Vice President, “The affirmations and positive outlook reflect Under Armour’s improved operating performance and credit metrics as well as very good liquidity.”
VF Corp.’s Q4 Sales Top Wall Street’s Target
VF Corp. reported sales in its fiscal fourth-quarter beat top-line estimates but earnings came in slightly below targets. Sales in the quarter grew 19 percent on a currency-neutral basis, led by a 23 percent gain by The North Face. Vans’ sales grew 10 percent and Timberland’s sales gained 19 percent on a currency-neutral basis.
Foot Locker Blasts Past Earnings Forecast Amid Soaring Sales
Foot Locker Inc. reported earnings and sales that came in well above pandemic-impacted year-ago levels as well as easily ahead of Wall Street’s targets. Total sales increased 83.1 percent year over year. As compared to the first quarter of 2019, total sales advanced 3.6 percent.
Ross Stores Sees 17 Percent Q1 Gain
Ross Stores Inc. reported earnings per share for the 13 weeks ended May 1, 2021 grew 17 percent to $1.34 on a two-year basis on net income of $476 million.
Deckers Brands’ Q4 Eclipses Wall Street’s Targets
Deckers Brands reported earnings and sales in the fourth quarter ended March 31 came in well above Wall Street’s consensus targets. Sales grew 49.7 percent with sales ahead 53.1 percent at Ugg and 74.2 percent at Hoka One One.
Kathmandu Appoints New CEO
Kathmandu Holdings Limited announced the appointment of Michael Daly, CEO of Rip Curl, as group chief executive officer and managing director following the resignation of Xavier Simonet, chairman of Kathmandu Holdings.
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