The Buckle Inc. announced a 10 percent increase in its quarterly dividend and the appointment of a new vice president, general counsel, and corporate secretary.
Category: Footwear
Fila USA’s Sales Improve 25 Percent In Q4
Fila Holdings Corp., based in Korea, reported sales at Fila USA were up 25.2 percent in the fourth quarter but down 19.5 percent for the year.
FitFlop Appoints CEO
FitFlop appointed Gianni Georgiades as CEO. He had been footwear CEO at Lacoste since 2018.
SFIA Applauds Reintroduction Of PHIT Act
Senators Chris Murphy (D-CT) and John Thune (R-SD) reintroduced the Personal Health Investment Today (PHIT) Act in Congress. In a statement, SFIA said the PHIT Act will make sports and fitness more affordable to Americans, as the country recognizes the value of physical activity in promoting good health.
L.L. Bean Registers Record-Breaking Revenue
L.L.Bean announced the close to its 2020 fiscal year, with annual net revenue totaling $1.59 billion, a 5 percent increase over 2019. The company also paid a performance bonus of 10 percent of annual pay to employees.
Li Ning’s Revenues Climb 4 Percent In 2020
Li Ning reported profits on an adjusted basis improved 34 percent in the year ended December 31 as revenues gained 4.2 percent.
Report: Nike Undergoes Additional Layoffs
Nike instituted an “unspecified number of recent layoffs” in an effort to build a “flatter, nimbler company,” according to a report from The Oregonian.
JD Sports Completes Acquisition Of DTLR
JD Sports Fashion Plc said it completed its acquisition of DTLR Villa LLC.
Snap Acquires Fit Analytics
Snap, the parent of Snapchat, announced that it acquired Berlin-based start-up Fit Analytics, which counts more than 18,000 retailers and brands as users of its solutions.
Shoe Carnival Announces Planned CEO Succession
Shoe Carnival, Inc. announced that its Board of Directors has unanimously elected Mark Worden, the company’s president and chief customer officer, as its next president and chief executive officer, effective September 30, 2021. Worden will succeed Cliff Sifford.
Nike’s Q3 Impacted By Supply Chain Bottlenecks
Nike Inc. reported a significant year-over-year gain in earnings on a 3 percent revenue gain. Earnings topped analyst estimates but sales came in well short. North America revenues declined 11 percent on a currency-neutral basis, largely driven by inventory delays due to container shortages and U.S. port congestion.
Ecco’s Sales Drop 20 Percent In 2020
Ecco reported sales of €1.092 billion for 2020, down 19.7 percent from €1.36 billion a year ago.
Dunham’s Sports To Open In Mason City
Dunham’s Sports announced it would be opening a store in Mason City, IA this summer, bringing up to 40 new full-time and part-time jobs to the community.
Nordstrom Launches Livestream Shopping Program
Nordstrom will begin hosting a series of live streaming events, where store employees or brand partners will showcase certain products on video.
3DLOOK Announces $6.5 Million Series A Round
3DLOOK announced that it has raised $6.5 million in Series A funding, led by Almaz Capital with participation from TMT Investments and Zubr Capital. The investment brings the online body measurement start-up’s total fundraising to date to $11.2 million.
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