Footwear People

J.C.Penney Seeks More Time To Negotiate With Lenders

Jul 9, 2020SGB Updates

J.C.Penney submitted its business plan to lenders, but is asking Texas bankruptcy court for more time to continue negotiations with lenders on a restructuring plan. (Read More)

Big 5 Sees Robust Q2 Profit Turnaround

Jul 9, 2020SGB Updates

Big 5 Sporting Goods released upbeat preliminary results for the fiscal second quarter ended June 28. The company said it expects earnings per share of 52 cents to 54 cents for the quarter, including a benefit of 15 cents related to rent abatements and litigation recovery, compared with breakeven EPS a year ago. (Read More)

Nike Launches Nike Rise Concept Store In Guangzhou, China

Jul 9, 2020SGB Updates

Nike launched a new Nike Rise retail concept in Guangzhou that promises a curated “1-to-1, personalized shopping journey that connects consumers to sport, their communities and one another.” (Read More)

RIA’s KICK On-Demand Event Starts Tuesday

Jul 9, 2020SGB Updates

The Running Industry Association’s (RIA) virtual buying show, KICK On-Demand will kick off this Tuesday, July 14th. Eight live sessions are scheduled for the first week. (Read More)

Costco’s U.S. Same-Store Sales Climb 11 Percent In June

Jul 9, 2020SGB Updates

Costco Wholesale Corp. said its June sales rose 11 percent to $16.2 billion, from $14.6 billion in June 2019. Same-store sales rose 12 percent, including an 11 percent increase in U.S. same-store sales. (Read More)

The Buckle’s Sales Jump 27 Percent In June

Jul 9, 2020SGB Updates

The Buckle, Inc. announced that total net sales for the 5-week fiscal month ended July 4, 2020 increased 26.8 percent to $94.8 million from net sales of $74.8 million for the prior year 5-week fiscal month ended July 6, 2019. (Read More)

Snipes USA Announces New President

Jul 8, 2020SGB Updates

Snipes has appointed Jim Bojko as president of Snipes USA. In this role, Bojko is responsible for leading the U.S. operations of the international sneaker and streetwear retailer as it continues to expand the brand across the United States. (Read More)