The VF Foundation, the VF Corporation’s philanthropic arm, published its inaugural report outlining the positive impact of its financial grants and charitable partnerships.
Category: Footwear
Nordstrom’s Q4 Revenues Slump 20 Percent
Nordstrom Inc. reported a sharp decline in fourth-quarter earnings but results topped Wall Street’s target. Net sales decreased 20 percent, which improved sequentially by 600 basis points relative to the third quarter, after adjusting for a shift of the Nordstrom Anniversary Sale.
Ross Stores Q4 Comps Drop 6 Percent
Ross Stores Inc. reported earnings fell 47.8 percent in the fourth quarter as same-store sales declined 6 percent. The off-pricer said an upsurge of the virus resulted in lower traffic, especially in California, its largest state.
Big 5’s Q4 Profits Soar, Forecasts Strong First Quarter
Big 5 Sporting Goods Corp. reported a significant hike in earnings in the year ended January 3 as same-store sales jumped 10.5 percent. The sporting goods chain also hiked its dividend by 50 percent and predicted same-store in the first quarter would climb approximately 20 percent.
Globe International Sees 60 Percent Growth In First Half
Globe International Limited, based in Melbourne, reported a significant increase in sales and profitability in the first half ended December 31. The company’s four brands, Impala, FXD, Globe and Salty Crew, all grew.
Jordan Brand President Joins Capital One’s Board
Craig Williams, president of Jordan Brand at Nike, has been appointed to the board of directors at Capital One Financial Corporation.
Target’s Q4 Earnings Run Up 58 Percent
Target Corp. reported adjusted EPS in the fourth quarter improved 58.0 percent to $2.67 from $1.69 a year ago and ahead of Wall Street’s consensus estimate of $2.49. Same-store sales grew 6.9 percent.
Macy’s Announces Changes To Its Senior Leadership Team
Macy’s Inc. announced changes to its senior leadership team, including the exit of its COO and a new CIO and head of real estate.
Kohl’s Adjusted Earnings Climb 12 Percent In Q4
Kohl’s Inc. reported earnings on an adjusted basis grew 12.3 percent in the fourth quarter to easily top Wall Street’s targets. Sales were down 10.1 percent.
Nike’s GM North America Exits
Nike Inc. announced that Ann Hebert, vice president and general manager, North America geography, has departed from the company, effective today, March 1.
Compass Diversified Announces Proposed Private Offering Of $750 Million Of Notes
Compass Diversified (CODI) said it intends to commence an offering of $750 million of senior unsecured notes due 2029 in a private offering.
NOBULL, CrossFit Ink Three-Year Games Title Sponsor, Apparel, Footwear Deal
CrossFit announced NOBULL will replace Reebok as title sponsor of the CrossFit Games and Official Footwear and Apparel Sponsor of CrossFit.
Dick’s SG Announces Grand Opening Of Four Stores In March
Dick’s Sporting Goods will expand its footprint with the opening of three Dick’s Sporting Goods locations and one Warehouse Sale location in March.
Berkshire Hathaway Sees 6 Percent Decline In Apparel/Footwear Sales In 2020
Berkshire Hathaway reported apparel and footwear revenues declined 6.1 percent in 2020 compared to 2019.
Adidas Opens Dubai Mall Flagship
Adidas announced the opening of a store at The Dubai Mall, its first flagship store in the United Arab Emirates region.
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