Asics North America (ANA), which includes the U.S., Canada and Mexico, said sales in the U.S. were down 18.4 percent year-over-year in the first quarter. Canada and Mexico were down 5.5 percent and 10 percent year-over-year in the local currency respectively.
Category: Footwear
Asics’ Q1 Sales Drop 13.5 Percent
Asics reported a small loss in the first quarter as sales sunk 13.5 percent. In the North American region, first-quarter sales were down 20.0 percent at currency-neutral rates.
Keds Appoints New President
Keds, a division of Wolverine World Wide Inc., appointed Bornie Del Priore as president. She is currently global brand president of the Wolverine Worldwide Kids Group, a role she will continue while also serving as global brand president of Keds.
The Buckle’s Q1 Revenues Fall 42.7 Percent
The Buckle Inc. announced a net loss for the fiscal quarter ended May 2, of $11.8 million, or 24 cents per share. Revenues were down 42.7 percent.
Under Armour Upsizes And Prices Private Offering Of $440 Million
Under Armour, Inc. announced that it has priced $440 million aggregate principal amount of its 1.50 percent convertible senior notes due 2024, which represents an increase of $40 million from the offering size previously announced.
Foot Locker Shows Steep Loss In Q1
Foot Locker Inc. reported a net loss of $98 million in the first quarter as sales dropped 43.4 percent. Said Richard Johnson, chairman and chief executive officer, “Thanks to the unwavering efforts of our team, we are in the early stages on our road to recovery. Our phased reopening of stores is underway, and our plan is to build, be back, and be better than before.”
Aku Outdoor Expands Sales In Southern States
Aku, the Italian manufacturer of hiking and trekking boots, announced that The Uber Group has been retained as its new sales rep agency to support sales throughout the southern states.
Ross Stores Posts Steep Loss In Q1
Ross Stores Inc. reported a net loss for the 2020 first quarter of $306 million as revenues fell 52.6 percent.
Deckers Brands’ Q4 Profits Slide
Deckers Brands Inc. reported earnings on an adjusted basis were off 35.3 percent as sales slid 4.9 percent. A 51.8 percent hike in Hoka One One’s sales was unable to offset a 17.9 percent decline at Ugg tied to store closures.
Nike To Let Liverpool End Season With New Balance
Liverpool, the English Premier League club positioned to win its first title in more than 30 years, has reached a settlement with Nike that will allow the team to continue to wear their New Balance kit until the end of the season.
Boot Barn Sees Modest Sales Decline In Q4
Boot Barn Holdings Inc. reported net earnings fell 34.5 percent in the fourth quarter ended March 28. Sales decreased 2.1 percent.
TJX’s Q1 Sales Tumble 52.5 Percent
The TJX Companies Inc. reported a net loss of $887 million, or 74 cents a share, in the first quarter against earnings of $700.2 million, or 57 cents, a year ago. Sales declined 52.5 percent to $4.4 billion from $9.28 billion a year ago.
Macy’s Warns Of $1 Billion Quarterly Loss
Macy’s Inc. predicted a first-quarter operating loss in the range of $905 million and $1.11 billion as the department store giant was forced to shut stores to slow the spread of the coronavirus. First-quarter sales are expected in the range of $3 billion to $3.03 billion, down from $5.50 billion a year earlier, a decline of 45 percent.
Under Armour To Offer $400 Million Convertible Senior Notes Due 2024
Under Armour Inc. announced that it proposes to offer $400 million aggregate principal amount of its convertible senior notes due 2024.
New York Road Runners To Deliver Virtual Experiences On Global Running Day
New York Road Runners (NYRR) announced its virtual and digital experiences for Global Running Day on June 3. This year’s observance will digitally unite people across the world to encourage physical wellness, strengthen community, and offer support.
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