Foot Locker Inc. reported earnings on an adjusted basis grew 4.9 percent in the third quarter ended October 31 to handily exceed Wall Street targets. Same-store sales climbed 7.7 percent. Richard Johnson, chairman and CEO, said, “Although the back-to-school selling season kicked in later than usual due to COVID-19-related delays, momentum built as the quarter progressed.”
Category: Footwear
Ugg’s Flagship Store Opens In NYC
Ugg’s new flagship store, located at 530 Fifth Avenue in New York City, opened today. A subsidiary of Decker Brands the concept store is the first for Ugg in the Big Apple with a 12,842-square-foot store that showcases its collections of footwear, ready-to-wear, accessories, and home.
Famous Footwear’s Q3 Revenues Decline 12.3 Percent
Caleres reported revenues at its Famous Footwear segment fell 12.3 percent in the third quarter ended October 31, to $391.7 million from $446,6 million a year ago. Same-store sales were down 9.1 percent.
Ross Stores Sees Slight Same-Store Decline In Q3
Ross Stores Inc. reported third quarter 2020 sales declined 2 percent to $3.8 billion, with comparable-store sales down 3 percent.
Under Armour, University Of Cincinnati Agree To Buyout
Under Armour has reached a buyout agreement with the University of Cincinnati, terminating its apparel sponsorship contract, according to documents obtained by the Baltimore Business Journal.
Macy’s Posts Q3 Loss But Beats Estimates
Macy’s reported a loss on an adjusted basis in the third quarter that was significantly lower than Wall Street’s targets. Comparable sales were down 21.0 percent even as stores continued to recover and digital sales grew 27 percent.
Shoe Carnival Posts A Robust Q3 Profit Gain
Shoe Carnival Inc. reported a slight increase in year-over-year earnings in the third quarter as same-store sales grew 0.9 percent and merchandise margins improved 160 basis points. E-commerce sales catapulted over 150 percent to represent 13 percent of sales.
RaceRaves Announces Best Racing Cities In The U.S.
RaceRaves announced the winners of its 2020 “Best Racing Cities in the U.S.” poll. The company’s new guide spotlights the Top 10 large, midsize and small racing cities. Not surprisingly Boston, Chicago and New York City remain a “major” draw.
Brooks Running Sees 49 percent Global Growth In Q3
Brooks Running reported record third-quarter global revenue up 49 percent year-over-year, leading to a 2020 outlook of 27 percent growth. Digital sales, both through brooksrunning.com and retail partners, flexed from less than 35 percent of sales in 2019 to a peak of 82 percent of all sales this past April, and has since stabilized at 42 percent of sales, up 7 points from pre-COVID levels.
Nike Senior Creative Director For Women Sportswear Joins Calvin Klein
Calvin Klein Inc. announced the appointment of Jessica Lomax as EVP, global head of design, effective December 9. She joins the company from Nike, where she currently serves as senior creative director, women’s sportswear apparel.
Nike Launches Nike Unite Retail Concept
Nike Inc. has introduced a new Nike Unite concept focused on local communities. The concept represents its fourth retail specialty concept, joining Nike House of Innovation, Nike Rise and Nike Live. Nike plans to open nine Nike Unite worldwide locations in 2020, including five in the U.S.
Target Posts Robust Q3 Profit Gains
Target Corp. announced its third quarter 2020 financial results, which reflected continued, robust growth in both sales and profitability. Comparable sales grew 20.7 percent.
TJX’s Q3 Surpasses Wall Street Targets
The TJX Companies Inc. reported earnings grew slightly and easily topped Wall Street’s consensus estimate. Overall open-only comp-store sales were down 5 percent versus last year. Comps at Marmaxx (U.S.), including T.J. Maxx, Marshalls and Sierra Trading, were down 10 percent.
Adidas Partners With LeAD Sports & Health Tech
Adidas has formed a formal partnership with Berlin-based leAD Sports & Health Tech accelerator, which is backed by the family of Adidas founder Adi Dassler and supports start-ups.
K-Swiss Appoints Director Of Tennis
K-Swiss appointed Dave Malinowski as director of tennis. He most recently worked for Adidas North America as senior director of specialty sports.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal