Kohl’s Inc. reported a small decline in earnings in the fourth quarter on flat same-store sales but both EPS and sales exceeded Wall Street’s targets. Michelle Gass, Kohl’s CEO, said, “We are encouraged by the acceleration of traffic and new customer acquisition in our stores and online driven by the unprecedented level of new brands and partnerships we launched during the year.”
Category: Footwear
Dick’s Sporting Goods To Open Four Stores In March
Dick’s Sporting Goods set plans to open two Dick’s Sporting Goods locations in Chattanooga, TN; and Hagerstown, MD; as well as two Golf Galaxy locations in Warwick, RI; and Berwyn, PA.
Nike And Columbia Sportswear Take Emergency Coronavirus Precautions
Nike closed its Oregon headquarters over the weekend and is closing European headquarters in Amsterdam on Monday and Tuesday for deep cleaning in response to the coronavirus outbreak. Columbia Sportswear also over the weekend thoroughly disinfected its offices in Portland, OR.
Shaun White Ends Olympic Skateboarding Bid
Shaun White, the three-time snowboarding champion, said he won’t try to qualify for the U.S. skateboarding team in that sport’s Olympic debut later this year in Tokyo.
Coronavirus Threatens U.S. Mall Traffic
According to a survey from Coresight Research, nearly three-quarters of U.S. consumers would stay away from malls or shopping centers if the coronavirus outbreak worsens in the U.S.
Gannett/EnMotive Names John Smith As VP Of Partnerships
Gannett and its EnMotive Company division announced that industry veteran John Smith has joined the company as vice president of partnerships, effective immediately.
Skechers Partners With Carlsbad 5000
Groundwork Endurance has announced its partnership with Skechers for the 35th annual Carlsbad 5000 presented by National University.
Puma’s Former CEO Becomes Acting CEO Of Harley-Davidson
Harley-Davidson Inc. announced that Jochen Zeitz, the former chairman and CEO of Puma, has become acting president and CEO. His appointment comes as Matthew Levatich stepped down as president and CEO.
Foot Locker Q4 Comps Slide 1.6 Percent
Foot Locker Inc. saw fourth-quarter earnings that topped Wall Street’s consensus target but same-store sales were down 1.6 percent and were below expectations. Dick Johnson, CEO, said, “While we had leading positions in key on-trend footwear styles, this was not enough to offset softer than expected demand during the compressed holiday season, a very promotional marketplace for apparel, and tougher launch comparisons.”
New Balance And NBA Announce Multiyear Global Agreement
The National Basketball Association (NBA) and New Balance Athletics, Inc. announced a new multiyear agreement that will make the global athletic brand an official marketing partner of the NBA.
Columbia Sportswear Warns Of Significant Impact From Coronavirus
In an update, Columbia Sportswear said it its 2020 results “to be significantly affected” by the coronavirus outbreak as the epidemic impacts both its business in the Asia region and its supply chain.
Nearly A Third Of U.S. Firms In China Facing Revenue Hits
A survey of nearly 170 firms by the American Chamber of Commerce in China, or AmCham China, found nearly one-third of U.S. firms with exposure to China are facing increased costs and significantly reduced revenue due to the coronavirus outbreak.
Nike Exec Josh Simon Joins Netflix
Josh Simon, most recently as VP and head of global strategy for product, design, merchandising and categories at Nike, has been appointed VP of consumer products for Netflix, according to a report from Variety.
Modell’s Saves Two More Stores From Closure
Modell’s Sporting Goods said two more stores in Manhattan – located at 150 and 280 Broadway – will not be closing as planned due to negotiations with landlords, according to a Bloomberg report. The spared stores bring Modell’s planned closings to 17.
Report: Stage Stores Closing More Than 70 Locations
Stage Stores, Inc. has reportedly laid off more than 20 percent of its corporate staff and plans to close more than 70 of its approximately 700 stores, according to a report from Retail Dive.
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