Footwear People

Shoe Carnival Q1 Earnings Climb 7 Percent

Shoe Carnival Q1 Earnings Climb 7 Percent

May 22, 2019

Shoe Carnival Inc. reported earnings rose 7.1 percent in the first quarter to $13.9 million, or 91 cents a share. Comps in the quarter dipped 0.2 percent due to the later tax refund season as well as inclement weather impacting February, but the combined months of March and April increased 3.6 percent. (Read More)

Avenatti Indicted In Nike Extortion Case

Avenatti Indicted In Nike Extortion Case

May 22, 2019

Controversial lawyer Michael Avenatti was charged with trying to extort Nike out of more than $20 million dollars by threatening to go public with claims the company was facilitating payments to the families of high school basketball stars. Avenatti separately was charged with stealing about $300,000 from his former porn star client Stormy Daniels. (Read More)

OIA Skip Yowell Future Leadership Academy Announces Capstone Projects

May 22, 2019

Outdoor Industry Association (OIA) announced capstone projects for Class 4 of the Skip Yowell Future Leadership Academy (FLA), an immersive leadership experience for the next generation of outdoor industry game-changers. This year’s class includes 35 driven emerging leaders from REI, Yakima, Pacific Crest Trail Association, Backcountry.com, The North Face, Outdoor Research, Burley and others. (Read More)

Urban Outfitters’ Q1 Pulled Down By Margin Pressures

May 22, 2019

Urban Outfitters Inc. reported earnings in the first quarter declined 21,0 percent to $32.6 million, or 31 cents a share as gross margins were hurt by underperforming women’s apparel at the Anthropologie and Urban Outfitters brands. Earnings surpassed Wall Street's target of 26 cents. (Read More)

VF Corp. Disappoints On Outlook

VF Corp. Disappoints On Outlook

May 22, 2019

VF Corp. reported earnings and sales in the fourth quarter came in ahead of Wall Street's consensus estimates but provided 2020 guidance that was lower than targets. By segment, revenue for Outdoor is expected to increase approximately 4 percent to 5 percent, or 5 percent to 6 percent on a constant dollar basis, and revenue for Active is expected to increase approximately 6 percent to 7 percent, or 9 percent to 10 percent on a constant dollar basis. (Read More)

Kappa Signs Aston Villa

May 22, 2019

Kappa, the Italian sportswear brand, in a partnership with Fanatics signed a three-year deal to become the kit supplier to English second-tier soccer club Aston Villa. (Read More)

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