JCPenney Co. reported a steep drop in earnings in the fourth quarter ended February 2 although they were better than Wall Street’s expectations.
Category: Footwear
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.
Sports Stars To Support PHIT Act On Capitol Hill
On March 13, 2019, the Sports & Fitness Industry Association (SFIA) will be hosting the 20th annual National Health Through Fitness Day to promote the Personal Health Investment Today (PHIT) Act. Herschel Walker, Steve Garvey and Carl Lewis will be among the sports legends in attendance.
Big 5 Turns Bullish As Winter Kicks In
Big 5 Sporting Goods Corp. said its holiday quarter came out better than expected as chilly weather goosed sales. Continued seasonal weather into February also has the California-based chain upbeat for the first quarter.
Dick’s Sporting Goods Announces 22 Percent Increase In Quarterly Dividend
Dick’s Sporting Goods’ board of directors authorized and declared a quarterly dividend of $0.275 per share on the company’s common stock and Class B common stock.
Academy Sports To Open Five Stores
Academy Sports + Outdoors announced plans to open five stores. The stores will open in Georgetown, TX; Buford, GA; Gastonia and Mooresville NC; and Ardmore, OK.
Clarks Names Giorgio Presca As CEO
Clarks has hired Giorgio Presca to take on the role of chief executive. Presca will be responsible for all operational, financial and commercial aspects of the business and will lead the Clarks strategy with the executive committee.
Nike Signs 13-Year Old Female Soccer Phenom
Nike has signed a multiyear endorsement deal with Olivia Moultrie, the 13-year-old soccer standout, according to The New York Times.
Under Armour Lays Off Warehouse Workers
Under Armour has laid off 111 employees at a distribution center in Rialto, CA, according to the San Bernardino County Sun.
Big 5 Logs Loss In Q4, Sees Improvement In Q1
Big 5 Sporting Goods Corp. reported a loss of $5.1 million, or 24 cents a share, due to asset impairment and contract termination charges and lower margins. Same-store sales improved 1.1 percent in the period. The west-coast sporting goods chain predicted a profit against a loss in the first quarter.
NSGA’s Larry Weindruch Retires, Celebrating 33 Years Of Service
The National Sporting Goods Association (NSGA) announced that Director of Public Affairs Larry Weindruch, CAE is retiring effective March 1.
Anta Sports Delivers Another Year Of Double-Digit Growth
Anta Sports, which has reached an agreement to acquire Amer Sports, reported another year of significant sales and earnings gains in 2018. Sales jumped 44.4 percent and earnings climbed 42.9 percent.
Macy’s Earnings Top Guidance, To Cut 100 Jobs In Restructuring
Macy’s Inc. reported earnings on an adjusted basis dipped slightly in the fourth quarter but came ahead of updated guidance provided in early January. Macy’s also announced a restructuring plan that will will but 100 vice-president level or above roles, “to increase the speed of decision making.”
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