Said Mark Parker, chairman, president and CEO of Nike Inc. “This is our 17th consecutive year of increasing dividend payouts, and combined with the new four-year $15 billion share repurchase program announced this summer, this commitment shows our continued confidence in Nike’s ability to deliver sustainable, profitable, capital-efficient growth over the long-term.”
Category: Footwear
Nordstrom Lifts Guidance On Improved Q3 Earnings
Nordstrom said its third-quarter earnings excluding a special charge slightly exceeded the company’s expectations, reflecting continued top-line strength across its Full-Price and Off-Price businesses. Comparable sales increased 2.3 percent in the third quarter.
Shoe Carnival Raises Outlook On Strong Q3
Shoe Carnival Inc. raised its fiscal 2018 outlook after reporting earnings per diluted share increased 15 percent to 76 cents and comparable store sales increased 4.5 percent in the quarter ended November 3.
Newton Running Supports National Runner’s Safety month
Newton Running announced that it will be supporting National Runner’s Safety month with a focus on women’s safety.
Reef Sold For $139 Million
VF Corp. received cash proceeds of $139.4 million from the sale of Reef to The Rockport Group, according to VF’s third quarter report filed with the Securities & Exchange Commission.
Ron Parham Joins Cura Cannabis Solutions
Cura Cannabis Solutions, a provider of cannabis oil to both consumers and premium edible brands, has hired Ron Parham, a former VP at Columbia Sportswear, as VP investor relations.
Dillard’s Q3 Misses Wall Street’s Guidance
Dillard’s Inc. reported earnings in the third quarter came in well short of Wall Street’s targets as margin pressures offset a 3 percent gain in same-store sales.
JCPenney Withdraws Profit Outlook For Year
JCPenney lowered its sales outlook after reporting a shortfall in revenues in the third quarter. The department store also withdrew its guidance for earnings due to the hiring of a new CEO and an interim CFO.
New Balance Expands Program With Pensole
Pensole Design Academy announced registration is now open for its 2019 expanded joint program with New Balance.
Canada Goose CEO: Baffin Is ‘Dream Acquisition’
Canada Goose Holdings Inc. President and CEO Dani Reiss couldn’t hide his excitement on Wednesday morning’s conference call with analysts when discussing the company’s recent addition of footwear maker and fellow Canadian and cold-weather brand Baffin Inc. “This is a dream acquisition for me as I’ve been watching and admiring Baffin for many years and I know them very well,” Reiss said.
Nike To Open Nike NYC On Thursday
Nike Inc. will open its newest Nike House of Innovation, on Thursday as Nike NYC: a 68,000 sq. ft., six-level, cross-category premium Nike store located at 650 Fifth Ave. Nike NYC is “the pinnacle expression of modern retail, representing the best of Nike global product, experiences and sport innovation.,” according to a statement.
Modell’s Sporting Goods Re-Opens In Granite Run
Modell’s Sporting Goods is reopening its Granite Run location in the Promenade at Granite Run in Media, PA. This will bring Modell’s total store count to 156 locations.
VF Corp. Appoints Jan Van Leeuwen As VP, GM, The North Face, EMEA
VF Corp. has appointed Jan Van Leeuwen to the position of vice president, general manager, The North Face, EMEA Region. He will also serve on the global leadership team for The North Face brand.
Macy’s Lifts Full-Year Guidance On Q3 Beat
Macy’s reported quarterly earnings that topped analysts’ expectations as robust digital sales boosted results.
Canada Goose Raises Outlook On Strong Earnings
Canada Goose Holdings Inc. raised its guidance for the year after reporting second-quarter earnings that came in well ahead of Wall Street’s targets. Revenues grew 33.7 percent.
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