SGB Executive

EXEC: Famous Footwear Unable To Top Year-Ago “Blockbuster” Results In Q3

EXEC: Famous Footwear Unable To Top Year-Ago “Blockbuster” Results In Q3

Famous Footwear’s same-store sales slipped 0.8 percent in the third quarter ended October 29. Results topped expectations with the family footwear chain facing a 26.5 percent same-store gain in the 2019 third quarter. Jay Schmidt, president of Caleres, on a conference call with analysts, said, "By limiting promotional activity, the business generated margins higher than pre-pandemic levels." (Read More)

EXEC: Foot Locker Finds Surprise Boost From Nike In Third Quarter

EXEC: Foot Locker Finds Surprise Boost From Nike In Third Quarter

Foot Locker Inc. reported third-quarter results that surpassed expectations due to improved allocation of Nike products on top of continued success in its diversification efforts to feature other footwear brands. The sneaker giant lifted its guidance for the year. Mary Dillon, Foot Locker's new CEO, told analysts, "Our relationship with Nike is very important. It’s strong.” (Read More)

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