Category: Footwear

AKU Outdoor Appoints Reps For Rockies Region

August 20, 2020 SGB Update

Aku, the Italian footwear brand known for its hand-crafted hiking and trekking boots, announced that Black Dog Sales Group has been retained as its new sales rep agency to support sales in Colorado and New Mexico.

Anta Group Partners With World Wide Fund For Nature (WWF)

August 19, 2020 SGB Update

Anta Group and the World Wide Fund for Nature (WWF) held a signing ceremony at the Group’s operational headquarter in Xiamen, China announcing that Anta Group became WWF’s first international partner in China’s sportswear and textile industry.

TJX’s Sales Slide 32 Percent In Q2

August 19, 2020 SGB Update

The TJX Companies Inc. reported a net loss of $214.2 million, or 18 cents a share, in the second quarter as sales fell 31.8 percent. Results were short of Wall Street’s target. The off-pricer predicted open-only comp store sales to decrease in the range of 10 percent to 20 percent in the third quarter.

NRF: Parents To Spend Even More On Tech This Back-To-School Season

August 18, 2020 SGB Update

Most families still don’t know what supplies students need for school and college this year, but more expect at least some classes to take place online than a month ago and said they will buy more computers and other items for back-to-school, the National Retail Federation (NRF) and Prosper Insights & Analytics reported.

Walmart’s U.S. Comps Climb 9.3 Percent In Q2

August 18, 2020 SGB Update

Walmart reported total revenue in the second quarter was $137.7 billion, an increase of $7.4 billion, or 5.6 percent. Excluding currency impacts, total revenue would have increased 7.5 percent to reach $140.2 billion. Walmart U.S. comp sales climbed 9.3 percent, led by strength in general merchandise and food. Walmart U.S. e-commerce sales grew 97 percent with strong results across all channels.

Payless Plans Comeback In U.S.

August 18, 2020 SGB Update

Payless, which emerged from bankruptcy protection in January after closing all its 2,100 stores in the U.S., announced plans to open 300 to 400 standalone stores nationwide in the next three to five years.

Kohl’s Q2 Results Top Wall Street’s Targets

August 18, 2020 SGB Update

Kohl’s reported a loss in the second quarter on a 23.1 percent revenue decline but both exceeded Wall Street’s consensus targets. The retailer also noted that disciplined management of expenses and inventory resulted in positive operating cash flow in the period. Michelle Gass, Kohl’s CEO, said, “We are well-positioned to capitalize on evolving customer behaviors and the retail industry disruption, which we believe will drive long-term growth and increased markethare.”

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