Genesco Inc. reported fourth-quarter earnings dropped 9.3 percent on an adjusted basis but Wall Street was expecting a significantly greater decline. Journeys achieved record operating income on a 2 percent comp gain. Companywide e-commerce sales jumped 53 percent.
Category: Footwear
Kohl’s Updates Investor Presentation In Response To Activist Investors
Kohl’s updated its investor presentation highlighting progress on its strategy and initiatives to drive continued momentum. The update follows a second call by activist investors for changes.
Crocs Announces Pricing Of $350 Million Senior Notes
Crocs Inc. announced the pricing of its previously announced $350 million offering of 4.250 percent senior notes due 2029 in a private offering, which represents an upsize of $50 million.
Bogs Sales Climb 5 Percent In Fourth Quarter
Weyco Group Inc. reported sales of Bogs grew 5 percent on a wholesale basis in the fourth quarter but were slightly down for the year.
Adidas Predicts Strong Bounce Back For 2021
Adidas AG said Wednesday that it returned to slight growth at constant currencies in the fourth quarter, boosted by e-commerce and retail sales and that it expects strong rebounds in its top and bottom lines and margins in 2021.
Adidas Looks To Accelerate Growth Under New Five-Year Plan
Adidas aims to double its e-commerce sales by 2025 and make its products more sustainable as part of a five-year strategic plan, “Own the Game.” The plan also calls for revenues to expand between 8 percent and 10 percent on average annually and profits to increase at a faster rate.
Ron Jon Surf Shop Sets Succession Plan
Ron Jon Surf Shop announced that Michele Goodwin, currently vice president of retail operations and human resources, has been selected as Ron Jon Surf Shop’s next company president and COO. Goodwin will assume her new role on May 1, when. Debbie Harvey, president and COO of Ron Jon Surf Shop since 2008, retires.
Team USA And USOPC Sue Puma Over Olympics Trademarks
Team USA and the U.S. Olympic and Paralympic Committee (USOPC) filed a lawsuit against Puma in Colorado Federal District Court for trademark infringement and unfair competition.
Nike Hires New GMs For North America, APLA And Men’s
Nike Inc. appointed Sarah Mensah as VP/GM, North America and Amy Montagne as VP/GM, APLA. Aaron Cain becomes VP/GM, Men’s.
Dick’s SG’s Q4 Sales Surge 19.6 Percent
Dick’s Sporting Goods, Inc. reported fourth-quarter earnings nearly doubled year-over-year on an adjusted basis as sales ran up 19.6 percent. At the mid-point of its expected range, Dick’s sees sales in 2021 climbing 2 percent from 2020 and 11 percent versus 2019.
Boathouse To Enter Quebec With Stores
Casual youthful multi-brand Canadian fashion retailer Boathouse will expand into the Quebec market this year for the first time. A lease has been signed to open a Boathouse store at the Promenades Gatineau near Ottawa in a space most recently occupied by Le Chateau.
Reef Hires New Product Lead
Reef announced the hiring of footwear industry veteran, John Eades, as its new senior director of product. He most recently led the footwear product team at Roxy.
Ross Stores To Open 60 New Locations In 2021
Ross Stores recently opened four Ross Dress for Less and three dd’s Discounts stores across five different states in February and March. These new locations are part of the company’s plans to add approximately 60 new stores – 40 Ross and 20 dd’s Discounts locations – during fiscal 2021.
LAMO Sheepskin Inc. Appoints Marketing Director
LAMO Sheepskin Inc. appointed Edna De Pamphilis as its new Marketing Director.
Garmont International Secures New Investor
Garmont International, based in Treviso, Italy, announced that Italian Strategy Private Equity (ISPE), managed by Riello Investimenti Partners Sgr Spa, has entered into the share capital of the company with a 65 percent stake in its shares. Of the remaining 35 percent, Pierangelo Bressan, current president and CEO, holds 30 percent and will continue in his present role.
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