Footwear Financial

Foot Locker’s Q4 Tops Wall Street Targets, Sets Long-Term Growth Plan

Mar 20, 2023SGB Updates

Foot Locker, Inc. reported fourth-quarter earnings below year-ago levels, but sales and earnings were ahead of Wall Street estimates. The sneaker retailing giant forecasted same-store sales would fall 3.5 percent to 5.5 percent; however, today, during its Investor Day conference, Foot Locker said it would outline a new long-term growth strategy that calls for same-store growth between 3 percent to 4 percent from fiscal years 2024 through 2026 and significantly higher EPS growth. (Read More)

REI Names Chief Merchant, Chief People Officer, Co-Op Brands VP

Mar 17, 2023SGB Updates

REI Co-op hired Apple Musni as chief people officer, effective March 20. The company also promoted Chris Speyer to senior vice president and chief merchandising officer and Isabelle Portilla to vice president, Co-op Brands, effective immediately. (Read More)

Start 2 Finish Acquires Fleet Feet Race Productions

Mar 17, 2023SGB Updates

Start 2 Finish Event Management, with offices in Atlanta, GA; Charlotte, NC; and Memphis, TN, reported it had acquired the Race Productions division of Fleet Feet St. Louis to expand its reach in the Midwest and further establish itself in the event management industry. (Read More)

Wolverine Worldwide Announces New Board Chairman And Directors

Mar 17, 2023SGB Updates

Wolverine World Wide, Inc. reported today that its Chairman and retired CEO, Blake Krueger, will retire from the Board on May 4. Tom Long, the Board's lead independent director, will assume the role of Chairman on May 4. The company also elected three new board members—Stacia Andersen, Jodi Bricker and DeMonty Price. (Read More)

361 Degrees Posts 17 Percent Revenues Growth In 2022

Mar 17, 2023SGB Updates

Hong Kong-based 361 Degrees International Ltd. reported earnings grew 24.2 percent in the year ended December 31 as sales expanded 17.3 percent. (Read More)

Shoe Carnival Names New CFO

Mar 16, 2023SGB Updates

Shoe Carnival, Inc. hired Erik Gast as executive vice president and chief financial officer, effective April 24. He replaces Kerry Jackson who is retiring after a 35-year career with the family footwear chain. (Read More)

Signa Sports Fiscal Q1 Sales Up 27 Percent But Margins Suffer From Inventory Woes

Mar 16, 2023SGB Updates

Signa Sports United N.V. reported that the operating environment in the first quarter of fiscal 2023 was a continuation of the prior quarter, with depressed consumer sentiment and a promotional overstocked market, in particular in the bike category. (Read More)

Academy Sports Q4 Earnings Fly Past Wall Street Targets

Mar 16, 2023SGB Updates

Academy Sports and Outdoors Inc. reported earnings on an adjusted basis increased 12.5 percent in the fourth quarter ended January 28 as lower freight costs and overall operating expenses offset a 5.1 percent decline in same-store sales. EPS easily topped analysts’ consensus estimates while sales were below. (Read More)

DSW’s Parent Sees Q4 Comp Decline 5.5 Percent

Mar 16, 2023SGB Updates

Designer Brands, Inc., the parent of DSW, reported earnings on an adjusted basis declined 60 percent in the fourth quarter ended January 28 as same-store sales dropped 5.5 percent. Earnings still came ahead of analyst estimates and earnings and sales showed strong improvement overall in 2022. (Read More)

February Retail Sales Rise 5.4 Percent Year-Over-Year

Mar 15, 2023SGB Updates

Overall retail sales dipped slightly in February, but core spending rose, according to data reviewed by the National Retail Federation. (Read More)

Foot Locker’s Q4 Tops Wall Street Targets, Sets Long-Term Growth Plan

REI Names Chief Merchant, Chief People Officer, Co-Op Brands VP

Start 2 Finish Acquires Fleet Feet Race Productions

Wolverine Worldwide Announces New Board Chairman And Directors

361 Degrees Posts 17 Percent Revenues Growth In 2022

Shoe Carnival Names New CFO

Signa Sports Fiscal Q1 Sales Up 27 Percent But Margins Suffer From Inventory Woes

Academy Sports Q4 Earnings Fly Past Wall Street Targets

DSW’s Parent Sees Q4 Comp Decline 5.5 Percent

February Retail Sales Rise 5.4 Percent Year-Over-Year

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