Cole Haan Inc. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.
Category: Footwear
Famous Footwear’s Q4 Comps Jump 5.1 Percent
Caleres inc. reported consolidated net sales are expected to reach approximately $700 million in the fourth quarter, down 3 percent. Famous Footwear net sales are expected to be approximately $370 million, with same-store sales up 5.1 percent
Asics’ Q4 Sales In North America Show Modest Decline
Asics Corp.’s sales in the North American region in the fourth quarter slid 5.5 percent to ¥18.8 billion ($171 mm) from ¥19.9 billion a year ago. The operating loss in the region was reduced to ¥2.12 billion ($19 mm) from ¥2.95 billion.
Moody’s Downgrades Under Armour’s Debt Rating
Moody’s Investors Service downgraded Under Armour Inc.’s senior unsecured rating to Ba1 from Baa3. The rating was also placed under review for further downgrade. The downgrade reflects the brand’s ongoing challenges reinvigorating growth in its core North American market and its potential 2020 restructuring plan.
Puma Signs Grammy-Winning Artist J. Cole For Footwear And Apparel Deal
Puma signed a multi-year footwear and apparel deal with Grammy-winning artist J. Cole.
Designer Brands Partners With Jennifer Lopez
Designer Brands Inc. plans to partner with Jennifer Lopez to produce a line of footwear and handbags under the JLO Jennifer Lopez name. The collection will be sold exclusively at DSW Designer Shoe Warehouse stores in the United States and Canada, and online at DSW.com.
SportChek Sees Modest Growth In Q4
Canadian Tire Corp. reported sales of its SportChek segment were up 1.3 percent in the fourth quarter with comparable sales gaining 2.0 percent.
Report: Modell’s Hires Financial Advisors
Modell’s Sporting Goods has re-hired Berkeley Research Group “for a full-fledged balance sheet restructuring” and Cole Schotz for legal advice with plans “for a potential in-court restructuring,” according to a report from Debtwire.
OBIT: Timberland’s Cassie Heppner
Catherine “Cassie” Heppner, a marketing executive at Timberland, has been identified as the woman fatally stabbed Sunday at Timberland’s headquarters in Stratham, NH. Timberland said in a statement, “Cassie was truly one-of-a-kind, and her passing leaves a void that will never be filled.” We extend our deepest condolences to her family and loved ones.”
Report: Stage Stores Exploring Bankruptcy
Stage Stores is preparing for a financial restructuring that could include a bankruptcy filing, according to The Wall Street Journal.
Nordstrom’s Paige Thomas To Run Saks Off 5th
HBC appointed Paige Thomas as president of Saks Off 5TH, effective immediately. Thomas most recently served as executive vice president, general merchandise manager, full-price – men’s and kids at Nordstrom Inc.
Kohl’s Eliminates 250 Corporate Positions
Kohl’s Corp. is eliminating 250 corporate positions and making executive changes as part of a restructuring.
Skechers Signs Elite Runner Anthony Famigliett
Skechers signed two-time Olympian and six-time U.S. Champion Anthony Famiglietti to its team of ambassadors. He was with Adidas.
Mizuno’s Sales Slide In Nine Months
Mizuno Corp. reported revenues in the nine months ended December 31 declined 3.9 percent. Sales in the Americas grew 8.6 percent.
Genesco Announces New Corporate Headquarters
Genesco Inc., the parent of Journeys, announced plans for its new corporate headquarters in Nashville, TN.
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