Target Corporation announced that comparable sales in the combined November/December period grew 17.2 percent, driven by a 4.3 percent increase in traffic and a 12.3 percent increase in average ticket sales. Store-originated comparable sales grew 4.2 percent, while comparable digital sales grew 102 percent.
Category: Footwear

Big 5 Raises Q4 Guidance On Robust Holiday Sales
Big 5 Sporting Goods Corp. raised its earnings guidance for the fourth quarter ended January 3 as same-store sales grew 10.5 percent in the period on improving merchandise margins. Said Steven Miller, president and CEO, “As we enter a new year, we are confident that our product offerings will continue to attract customers who are looking to stay healthy and active.”

Urban Outfitters Announces Leadership Changes
Urban Outfitters Inc. reporting a challenging holiday quarter and a planned exit for the CEO of its namesake brand.

LA Gear Appoints Creative Director
LA Gear announced the appointment of artist and designer Alexander-John as its creative director.

Lodging In Southeast Destinations Seeing Mixed Performance This Winter Season
Although the Southeast region has weathered much of the pandemic better than other parts of the U.S., including posting a strong December, indicators are pointing to a slowdown in lodging occupancy in the months ahead according to data released yesterday by DestiMetrics.

Dick’s SG To Open Destination Stores In New York And Tennessee
Dick’s Sporting Goods plans to open its first experiential store at Eastview Mall in Victor, NY in March and another in West Town Hall in Knoxville, TN in May. The store in Victor will include a 17,000-square-foot outside turf field to accommodate practices, community events, and other sports-related outdoor offerings.

Native Shoes Appoints CEO
Native Shoes promoted Kyle Housman from president to CEO. He succeeds Co-owner and CEO Scott Hawthorn, who has become executive chairman.

Giro Appoints Snow Brand Manager
Giro Sport Design announced that Josh Reid has joined the team as its snow brand manager. Reid will oversee all aspects of snowsports marketing communications, advertising and public relations.

Columbia Sportswear Appoints SVP Of U.S. Sales For Columbia Brand
Columbia Sportswear Company announced the appointment of Tim Sheerin as senior vice president of U.S. sales for the Columbia brand. He was most recently Nike’s vice president of North America sales.

Zumiez Sees 1.7 Percent Holiday Comp Gain
Zumiez Inc. reported comparable sales increased 1.7 percent for the 10-week period ended January 9, 2021, compared to the 10-week period ended January 11, 2020.

JD Sports Raises Outlook On Online Strength
JD Sports Fashion Plc reported total same-store sales for the twenty-two week period to January 2 were up more than 5 percent ahead of the prior year as consumers switched between physical and digital channels. Earnings are expected to be “significantly” ahead of analyst targets.

Adobe Sees 32 Percent Online Growth Over Holiday Season
Adobe said based on Adobe Analytics data, U.S. online spend totaled $188.2 billion over November and December, which represents 32.2 percent growth year-over-year.

2020 Retail Imports May Break Record Despite Pandemic
Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Crocs Guides Accelerated 2021 Revenue Growth of 20 percent to 25 percent
Crocs Inc. raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent.