Category: SGB Executive

Foot Locker Thriving Despite Mall Woes

Driven by a healthy appetite for running lifestyle product and its positioning as the headquarters for sneakerheads, Foot Locker Inc. reported fourth-quarter earnings that handily exceeded Wall Street targets. Foot Locker will wind up becoming one of the few mall operators to report that traffic grew over the holiday season.

Billabong Finally Seeing Rebound In America

In the Americas region, EBITDA before global allocations surged 152.2 percent to Australian $10.3 million, with the help of gross margins improving 170 basis points and lower costs.

Sturm, Ruger Still Sees Strong Appetite For Firearms

Michael Fifer, CEO, on a conference call with analysts, said, “It appears to me, if you look over multiple years, that there’s wider acceptance of guns, wider availability. There’s more exciting, new products from all the competitors, not just Ruger. There’s more reasons to have guns now than ever before.”

Gildan Activewear Sees Weak Reorders Curbing Q4 Sales Growth

On a conference call with analysts, Rhod Harries, EVP and CFO, said sales were impacted by “weak store traffic trends and a weak holiday period, which drove retailers to limit replenishment and manage down inventory levels during the fourth quarter.”


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