Rocky Brands, Inc. announced that the company’s chief executive officer, Jason Brooks, had been appointed as chairman of the Board of Directors following Mike Brooks’ decision to step down as chairman of the Board.
Category: Footwear
L. L. Bean Family Honored By Maine Historical Society
Maine Historical Society honored the L. L. Bean Family with its 2021 Maine History Maker Award.
Activist Shareholder Urges Genesco Board’s To Expand Nomination Slate
Legion Partners Asset Management, the activist shareholder group, issued a statement urging Genesco Inc.’s Board to use a universal proxy card that would let shareholders choose from available candidates rather than pick the incumbent or challenger slates. The move comes after Genesco, on May 23, elected three new board members that included none of the seven candidates Legion Partners had proposed.
Famous Footwear Delivers Record Earnings And Sales
Caleres reported earnings and sales that exceeded Wall Street estimates as Famous Footwear achieved record quarterly earnings and delivered record first-quarter sales levels. The company’s brand Portflio segment also showed improvement with strong performances from Vionic, Sam Edelman, Blowfish Malibu, and Ryka brands.
Hibbett Sports Blows Past Wall Street’s Targets In Q1
Hibbett Sports significantly hiked its full-year guidance after reporting sales and earnings in the first quarter ended May 1 came in well ahead of Wall Street’s estimates. Mike Longo, CEO, said, “New customer retention, improved store level engagement, government stimulus, and access to coveted brand name products contributed to our comparable sales growth of 87.3 percent.”
RIA To Host In-Person Industry Event In September
The Running Industry Association (RIA) announced it would host an in-person industry event, Runchella, in Denver from September 27-29.
TJX Cos. Reinstates Share Repurchase Program
The TJX Cos. Inc. announced that its Board of Directors has reinstated its share repurchase program. TJX also announced the declaration of a quarterly dividend on its common stock of 26 cents per share.
Under Armour Enters Into Exchange Agreements With Noteholders
Under Armour Inc. announced that it has entered into exchange agreements with certain holders of its 1.50 percent Convertible Senior Notes due 2024.
Burlington Stores Sees Q1 Same-Store Sales Climb 20 Percent
Burlington Stores Inc. reported earnings more than doubled in the first quarter as same-store sales grew 20 percent.
Report: Authentic Brands Confidentially Files For IPO
Authentic Brands Group (ABG), which owns a number of fashion and sports brands, has reportedly filed confidentially for an initial public offering.
Genesco’s Q1 Boosted By Record Results From Journeys
Genesco Inc. reported first-quarter results that came in well above Wall Street targets with a boost of record first-quarter revenue and profitability at Journeys.
Fanatics Opens Paris Saint-Germain Store In Los Angeles
Paris Saint-Germain in partnership with Fanatics has become the first European football club to open a permanent retail store in the United States.
Kering Sells 5.9 Percent Stake In Puma
French luxury goods group Kering announced plans to sell a 5.9 percent stake in Puma via a placement to investors.
VF Corp. Launches New Innovation Pillar
VF Corp. announced its launch of Venture Platforms, an innovation pillar that will focus on identifying and investing in new, future-focused opportunities.
Fleet Feet Syracuse Owners To Retire
Fleet Feet announced that Ed and Ellen Griffin have retired after 21 years of owning their Fleet Feet franchise business.
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