Category: Footwear

Brown Shoe Lifts Guidance on Strong Q2, Tempers Outlook

August 27, 2013 SGB Update

Brown Shoe Co., the parent of Famous Footwear, reported earnings before special items more than doubled in the second quarter, exceeding internal expectations. With comps ahead 6.8 percent, Famous Footwear delivered a record second quarter sales operating

VF Corp to Establish Three Global Innovation Centers

August 26, 2013 SGB Update

VF Corp, the parent of The North Face, Vans and Timberland, announced the company will establish three global innovation centers – to focus on game-changing product innovations in technical apparel, footwear and jeans. Declaring it a “groundbreaking move

WFSGI Schedules Manufacturing Forum in Taiwan

August 26, 2013 SGB Update

The Federation of the Sporting Goods Industry (WFSGI) and several trade associations in China and Taiwan have organiized a forum in Taipei as part of WFSGI's “The Future of Manufacturing” initiative, which aims to help help manufacturers

Globe International’s Losses Increased in FY 2013

August 26, 2013 SGB Update

Globe International Limited reported a net loss of $6.0 million for the financial year ended June 3O, 2013, due primarily to restructuring and other one-off costs. Sales rose 2 percent to $86 million as 10 percent growth in sales of the Globe brand and a

Foot Locker Inc. Maintains Full Year Guidance

August 23, 2013 SGB Update

Foot Locker, Inc. reported net income rose 11.9 percent in its second quarter ended Aug. 3, to $66 million, or 44 cents per share, compared with net income of $59 million, or 39 cents, last year. Comparable-store sales increased 1.8 percent. Excluding cos

Billabong Board Considering New Refinancing Bid

August 23, 2013 SGB Update

The drama continued at Billabong International Limited Friday when its board of directors confirmed it is considering a new debt refinancing proposal from Oaktree Capital Management and Centerbridge Partners. The two U.S. hedge funds persuaded Australian

Foot Locker Navigates Q2’s Choppy Waters

August 23, 2013 SGB Update

Like its competitors, Foot Locker Inc. saw a slowdown in second quarter revenues and reported earnings that slightly missed Wall Street’s targets. But unlike the others, Foot Locker maintained its full-year outlook, expecting to achieve mid-single d

Hibbett Beats Street, Cuts Outlook

August 23, 2013 SGB Update

Hibbett Sports, Inc. reported net income increased 33.5 percent in the second quarter and came in slightly ahead of Wall Street’s consensus target. But citing the “ongoing uncertainties in the economic environment,” the company revised i

Spyder Finds Growth Partner

August 23, 2013 SGB Update

With a new owner and mega-sourcing partner, Spyder is set to jumpstart its growth. The buyer, Authentic Brands Group, LLC, has big plans to expand Spyder’s sportswear offerings while entering the footwear category.

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