Footwear

Adidas Court Order Freezing $75M Held by Kanye’s Yeezy Brand Overturned

May 30, 2023SGB Updates

A federal judge on Friday (May 26) lifted a court order Adidas won last year that secretly froze $75 million in bank accounts held by Kanye West’s Yeezy brand. (Read More)

Emerald Expositions’ Debt Ratings Unaffected By Loan Amendment

May 30, 2023SGB Updates

Moody's Investors Service says that Emerald Expositions’ proposal to amend and extend its first lien term loan is credit positive and it does not affect the company's B2 corporate family rating, B2 senior secured credit facility rating or its stable outlook (Read More)

Foot Locker’s Debt Ratings Outlook Lowered To Negative

May 29, 2023SGB Updates

S&P Global Ratings lowered its outlook on Foot Locker to negative from stable as the sneaker chain lowered its full-year guidance due to a combination of inflationary pressures, higher-than-expected discounting initiatives, and weak consumer spending. (Read More)

Lululemon To Expand Vancouver Headquarters, Commits To Hiring 2,600

May 29, 2023SGB Updates

Lululemon plans to expand its headquarters in Vancouver with a promise to create 2,600 jobs over the next five years. Calvin McDonald, CEO, Lululemon, said in a statement, “This program provides us with the opportunity to bring global talent to our hometown of Vancouver, supporting our people to collaborate and innovate together as they build long and meaningful careers at Lululemon." (Read More)

Eastern Mountain Sports Opens Third New Jersey Store

May 26, 2023SGB Updates

Eastern Mountain Sports (EMS) announced plans to open its newest store location in Deptford, NJ. The store is situated on the lower level right next to the entrance to Boscovs at the Deptford Mall. (Read More)

Von Maur Department Store To Open First North Dakota Store Location

May 26, 2023SGB Updates

Von Maur Department Store plans to open a 90,000-square-foot store at West Acres Mall in Fargo, ND. Scheduled to open in Spring 2025, this will be the first Von Maur location in North Dakota. (Read More)

The Buckle Sees Q1 Net Income Fall 22 Percent As Comp Decline 9.2 Percent

May 26, 2023SGB Updates

The Buckle, Inc. reported that net income for the fiscal quarter ended April 29, 2023 was $42.9 million, or 87 cents per share, or 86 cents per share on a diluted basis. Comparable store net sales decreased 9.2 percent from comparable store net sales for the prior-year period. (Read More)

Hibbett Reduces Full-Year Guidance On Q1 Miss

May 26, 2023SGB Updates

Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, ""Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss." (Read More)

Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines

May 25, 2023SGB Updates

Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent. (Read More)

Duluth Holdings Adds Board Member

May 25, 2023SGB Updates

Duluth Holdings, Inc., the parent of Duluth Trading, elected Ronald Robinson to its Board of Directors. Robinson works for Designer Brands as its chief supply chain officer. (Read More)

Adidas Court Order Freezing $75M Held by Kanye’s Yeezy Brand Overturned

Emerald Expositions’ Debt Ratings Unaffected By Loan Amendment

Foot Locker’s Debt Ratings Outlook Lowered To Negative

Lululemon To Expand Vancouver Headquarters, Commits To Hiring 2,600

Eastern Mountain Sports Opens Third New Jersey Store

Von Maur Department Store To Open First North Dakota Store Location

The Buckle Sees Q1 Net Income Fall 22 Percent As Comp Decline 9.2 Percent

Hibbett Reduces Full-Year Guidance On Q1 Miss

Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines

Duluth Holdings Adds Board Member

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