Category: Footwear

Shoe Carnival Sees Data-Mining Efforts Start To Pay Off In Q4

March 27, 2019 SGB Executive

Shares of Shoe Carnival leapt 22.4 percent Wednesday after the footwear retailer reported fourth-quarter results that handily topped Wall Street’s expectations. While boot sales drove the gains, new data-aggregating capabilities are helping enhance merchandising, marketing and real estate decisions.

Tariffs Less Worrisome For Some, Not Others

March 26, 2019 SGB Executive

While no trade deal has been reached between the U.S. and China, the news around tariffs has been more favorable than unfavorable since the start of the year. But some industry players still have been raising prices, purchasing early to avoid hits and taking other steps to mitigate their potential impact.

Nike Fined Over Antitrust Violations

March 26, 2019 SGB Update

The European Union fined Nike $14 million for violating antitrust rules for allegedly preventing many of its licensees from selling soccer team merchandise across European borders.

Yue Yuen’s Earnings Sink In 2018

March 25, 2019 SGB Update

Yue Yuen Industrial (Holdings) Ltd. reported earnings declined 40.3 percent in the year ended December 31 to $307.1 million. Revenues were down 6.3 percent to $9.7 billion.

Amazon Reports Roundup

March 24, 2019 SGB Executive

A number of retail studies arrived over the last few weeks on retail’s disruptor, Amazon, including the e-commerce giant’s break-through in apparel, expanding dominance in product search, private-label shortfalls, trust credibility, digital advertising pushes and more.

Nike Sees No Slowdown In Momentum

March 22, 2019 SGB Executive

Shares of Nike Inc. closed down nearly 7 percent on Friday after the company reported North America sales in the third quarter and fourth-quarter guidance that both missed Wall Street’s targets. But sales in the third quarter still more than doubled the growth rates of its closest rivals, Adidas and Under Armour, as Nike officials insisted its Consumer Direct Offense initiative is only getting started.

Hibbett Sports’ Q4 Blows Past Estimates

March 22, 2019 SGB Update

Hibbett Sports, Inc. reported fourth-quarter earnings rose slightly but came in well above Wall Street’s targets. The retailer also announced plans to close 95 stores this year as part of an “accelerated store closure plan” and a transition plan with the pending retirement of CEO Jeff Rosenthal.

Hibbett Announces CEO Transition Plan

March 22, 2019 SGB Update

Hibbett Sports Inc. announced the planned retirement of Jeff Rosenthal, president and chief executive officer. The Board will commence a search process to identify the company’s next CEO, and Rosenthal will remain at the company in his CEO capacity until a successor is named.

Nike’s Q3 Earnings Top Estimates On Digital Momentum

March 21, 2019 SGB Update

Nike Inc. reported quarterly earnings that slightly topped analysts’ expectations and sales that were in-line. The 7-percent revenue growth was driven by broad-based strength across all geographies as well as Nike Direct, led by digital. By region, the gains were led by Greater China, up 23 percent; followed by EMEA, 9 percent; and North America, 7 percent.

Fleet Feet Scans One Millionth Customer Foot

March 21, 2019 SGB Update

Less than two years after introducing 3D scanning technology into its stores, Fleet Feet has scanned its one-millionth pair of feet as part of its exclusive in-store outfitting experience known as fit id.

1 … 567 568 569 570 571 … 1,964