Julia Brim-Edwards, senior director Nike GPA Global Enterprise Initiatives and WHQ Region, is leaving the company after 17 years, according to The Oregonian.
Category: Footwear
Nordstrom Misses Wall Street’s EPS Targets
Nordstrom Inc. reported third-quarter earnings exceeded year-ago levels but came in short of analysts’ estimates. The upscale retailer reiterated its outlook for the year as Nordstrom banner sales returned to 2019 levels.
Burlington Stores See Same-Store Sales Climb 16 Percent Against Q319
Burlington Stores, Inc. reported earnings and sales gains for the third quarter ended October 30, 2021 against the third quarter of 2019 but also said freight and supply chain challenges pressured margins in the period.
Dick’s SG Q3 Profits Soar Past Wall Street Targets
Dick’s Sporting Goods again raised its outlook for the year after reporting third-quarter earnings that blew past Wall Street targets. Consolidated same-store sales for the third quarter increased 12.2 percent on top of a 23.2 percent increase in the third quarter of 2020 and a 6.0 percent increase in the third quarter of 2019.
L.L. Bean Sees Inventory Shortages In Coming Weeks
Speaking at Husson University’s Richard E. Dyke Center for Family Business, L.L. Bean’s CEO Stephen Smith said he expects inventory to run low by mid-December due to ongoing supply chain challenges.
Urban Outfitters Posts Record Q3 EPS And Revenues
Urban Outfitters Inc. reported net income of $89 million and record earnings per share of 89 cents in the third quarter ended October 31. Sales grew double-digits on a two-year basis.
NWSL, Nike Sign Long-Term Agreement
The National Women’s Soccer League and Nike signed a long-term agreement that extends a partnership that began with the league’s formation in 2012.
Macy’s Announces Plans To Launch Curated Digital Marketplace
Macy’s Inc. announced plans to launch a curated digital marketplace. The new marketplace will significantly expand the company’s assortment in existing categories and brands and introduce a range of new categories, by enabling carefully selected third-party merchants to sell their products on macys.com and bloomingdales.com.
CVC, HPS To Buy Stake In Authentic Brands At $12.7BN Valuation
Authentic Brands Group (ABG) is shelving its planned initial public offering and instead plans to sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders. The transaction values the company at $12.7 billion in enterprise value.
Bass Pro-Parent Partners With Toyota Motor Credit
Great American Outdoors LLC, the parent company of Bass Pro Shops, Cabela’s and the White River Marine Group has reached an agreement to expand Toyota Motor Credit Corporation’s (TMCC) relationship with Bass Pro Shops and Cabela’s to include offering financial services for the company’s boats, all-terrain vehicle products and other mobility products.
Tennis Warehouse Becomes Official Footwear, Apparel Supplier To USPTA
USPTA announced a multi-year endorsement with Tennis Warehouse as the “Official Footwear and Apparel Supplier” of the USPTA starting December 1, 2021.
StockX Acquires Inventory Management Tool, Scout
StockX has acquired the inventory management specialist, Scout. The sneaker resale platform’s first acquisition is expected to further streamline the selling experience on StockX and help customers grow and scale their operations.
Tilly’s Declares Special Dividend
Tilly’s Inc. announced that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $31 million in the aggregate, on the company’s outstanding Class A and Class B common stock.
Nike Partners With Roblox On Virtual World
Nike announced a partnership with Roblox to create a virtual world called NIKELAND. Users will be able to dress up their avatars in Nike-branded footwear and apparel.
The Buckle’s Q3 Earnings Climb 49.5 Percent
The Buckle Inc. announced that net income for the fiscal quarter ended October 30, 2021 was $62.2 million, or $1.26 per share on a diluted basis, compared with net income of $41.6 million, or 85 cents, for the third quarter of fiscal 2020.
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