Fleet Feet announced significant growth in 2020 as it added five stores to close with 182 and saw triple-digit growth of its e-commerce site. The franchisor also hired a head of human resources and marketing and made several promotions to support future growth.
Category: Footwear
Play It Again Sports Parent Sees Modest Earnings Decline In 2020
Winmark Corporation, the parent of Play It Again Sports, reported net income for the year ended December 26, 2020 of $29.8 million, or $7.72 per share, down 7.2 percent compared to net income of $32.1 million, or $7.84, in 2019.
Puma’s Q4 Sales Climb 9 Percent, Sees Difficult First Half Of 2021
Puma reported sales grew 9.1 percent on a currency-neutral basis in the fourth quarter. With lockdowns currently closing about half of the retail stores selling Puma’s products in Europe, a challenging first quarter is expected. Recovery, however, is forecast near the end of the second quarter and strong improvements throughout the third and fourth quarter.
TJX’s Comps Dip 3 Percent In Fourth Quarter
The TJX Companies, Inc. reported same-store sales were down 3 percent in the fourth quarter ended January 30 and turned positive in January.
Outdoor Retailer Shifts Summer 2021 Trade Show To August 10-12
Outdoor Retailer announced this summer’s trade show will move from June to August 10-12, 2021 and remain at the Colorado Convention Center in Denver, CO. The date change was made to facilitate a safe and successful in-person event.
Page’s Clarksville Sporting Goods To Close
Page’s Clarksville Sporting Goods in Clarksville, TN will close its doors on March 15 after 44 years in business.
Orvis Welcomes Former Backcountry And Athleta Execs To Board
Orvis welcomed former Backcountry and Athleta executives, Jill Layfield and Sheila Shekar Pollak to its board of directors, effective immediately.
Dick’s SG Exits Charlotte’s Northlake Mall
Dick’s Sporting Goods has quietly closed its two-level store at the Northlake Mall in Charlotte, NC, according to a report from the Charlotte Business Journal.
VF Corp. Named One Of The World’s Most Ethical Companies For Fifth Consecutive Year
VF Corporation was recognized by Ethisphere as one of the 2021 World’s Most Ethical Companies.
Macy’s Q4 Comps Drop 17 Percent
Macy’s reported fourth-quarter earnings fell by about half but came in well ahead of analyst targets. Comparable sales fell 17 percent on an owned basis, but sales were also ahead of expectations, led by 21 percent e-commerce growth.
Crocs’ Q4 Revenues Jump 57 Percent
Crocs Inc. reported a significant hike in earnings in the fourth quarter as sales jumped 56.5 percent. The footwear manufacturer also forecasted first-quarter growth in the range of 40 percent to 50 percent.
Dillard’s Q4 Comps Decline 17 Percent
Dillard’s Inc. reported earnings were essentially flat in the fourth quarter as reduced markdowns and expenses helped offset a 17 percent decline in same-store sales.
Bass Pro Plans Senior Secured Term Loan Transaction
Bass Pro Group is proposing to offer a $4.1 billion senior secured term loan due 2028. The retailer intends to refinance its existing term loan facility in a one-for-one transaction to extend the maturity of the facility and to lower overall interest costs.
NPD: U.S. Consumers Continue To Spend On Their Stay-At-Home Lifestyle In 2021
Aided by the economic stimulus payments and with the pandemic still in full swing, consumers continued to spend on categories that make their life at home more comfortable in the first six weeks of 2021, reports The NPD Group.
Century 21 Planning Comeback
Century 21 Stores, which liquidated its stores last fall, announced plans to officially relaunch in 2021.
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