Under Armour is laying off 50 people at a headquarters in Baltimore as part of the cuts it announced last year.
Category: Footwear
Iconix Appoints CFO
Iconix Brand Group Inc. announced that John T. McClain has been appointed chief financial officer.
Foot Locker Scores Best Quarterly Comp Since 2014
With hot sellers ranging from Adidas Yeezy to Jordan, Nike’s Max Air, Fila and Champion, Foot Locker Inc. belted out a 9.7 percent same-store gain in the fourth quarter – its best quarterly gain since the fourth quarter of 2014. Fourth-quarter earnings and 2019 guidance also arrived well ahead of expectations. Some setbacks include the planned closing of its SIX:02 women’s chain and more impairment charges for Runners Point, but a bigger investment has been made into in Carbon38, the women’s activewear upstart.
Foot Locker Smashes Wall Street’s Targets In Q4
Foot Locker Inc.’s fourth-quarter earnings came in well above Wall Street’s consensus estimate as same-store sales surged 9.7 percent. Said Dick Johnson, CFO, “The fundamentals of our core business remain strong and led to meaningful improvement in our financial results, not only during the fourth quarter but throughout 2018.”
Adidas Signs NFL Draft Prospects
Adidas announced new multi-year partnerships with Marquise Brown, WR from Oklahoma and Hakeem Butler, WR from Iowa State.
Nordstrom’s Q4 Impacted By Weakness At Full-Price Stores
Nordstrom reported earnings before interest and taxes (EBIT) slid 4.9 percent in the fourth quarter due to soft sales at its full-price stores that led to markdown pressures.
Gap To Spin Off Old Navy
Gap Inc. announced plans to create two independent publicly traded companies: Old Navy and a yet-to-be-named company which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City.
Rack Room Shoes Appoints New Director Of Merchandising
Rack Room Shoes announced Melanie Ortlieb has succeeded industry veteran Dan Crawford as director of merchandising.
Crocs’ Americas Sales Jump 15 Percent In Q4
Crocs Inc. reported revenues in the fourth quarter topped Wall Street’s expectations, boosted by healthy double-digit growth in the Americas region. The loss for the company in the period also came in better than expected due to cost-cutting initiatives.
Golf Rounds Played Show Gains In January
According to Golf Datatech, golf rounds played in the U.S. were up 2.8 percent in January.
Flip Flop Shops Retains International Retail Management and Consulting Group (IRG)
Flip Flop Shops (FFS), which was recently acquired by Bearpaw Holdings LLC, has has secured International Retail Management and Consulting Group LLC (IRG) to develop a common area retail model.
JCPenney’s Q4 Earnings Tumble
JCPenney Co. reported a steep drop in earnings in the fourth quarter ended February 2 although they were better than Wall Street’s expectations.
JCPenney Welcomes Chief Merchant And New Leaders To Executive Team
J. C. Penney Company, Inc. said Michelle Wlazlo will join the company as executive vice president, chief merchant, reporting to Jill Soltau, chief executive officer of JCPenney.
Crocs Q4 Exceeds Wall Street’s Targets
Crocs Inc. reported a steep loss in the fourth quarter due to a charge related to its buy back of some of the preferred shares held by Blackstone Group LP. The loss before charges came in better than Wall Street’s consensus target as sales grew 8.5 percent.
Nike Ranked Most Valuable Apparel Brand
Nike ranked as the most valuable apparel brand at $32.4 billion, according to Brand Finance, the brand valuation and strategy consultancy.
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