JD Sports said it entered into an agreement to acquire a 60 percent stake in Polish sports fashion business Marketing Investment Group (MIG), with 410 stores across nine countries in Central and Eastern Europe.
Category: Footwear

Buckle’s Q4 Earnings Climb 40 Percent
Buckle Inc. reported fourth-quarter earnings rose 39.6 percent on a 17.7 percent sales gain.

Yue Yuen Sales Vault In February
Yue Yuen reported sales rose 77.0 percent to $755.5 million in February from $426.8 million a year ago. The year-ago period was impacted by the initial onset of the pandemic.

Kohl’s Comments On Activist Investors’ Announcement
Kohl’s Corp. has issued a statement in response to an Activist Investor Group’s attempt to nominate five directors to its 12-member board.

Tilly’s Q4 Profits Climb 41 Percent
Profits at Tilly’s Inc. jumped 41.3 percent in the fourth quarter ended January 30 as sales rose 3.2 percent. Results exceeded Wall Street’s targets.

Zumiez’s Q4 Profits Climb 13 Percent
Zumiez Inc. reported earnings rose 12.9 percent in the fourth quarter ended January 30 on a 4.7 percent same-store gain.

Activist Investor Group Reduces Kohl’s Director Nominees To Five From Nine
A group of activist investors with a combined 9.5 percent stake in Kohl’s Corp on Thursday reduced the number of directors it plans to nominate to the retailer’s board from nine to five, according to a filing with the Securities & Exchange Commission.
Royal Robbins Opens Retail Store On Newbury Street In Boston
On March 7, Royal Robbins opened its first retail store in downtown Boston located at 304 Newbury Street. The 1,000 square-foot store is located in Boston’s Back Bay and down the street from its sister brand, Fjällräven.

Genesco’s Q4 Results Exceed Expectations On Record Digital Revenue
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.

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.