Revolve Group, the fashion e-tailer, reported sales in the fourth quarter ended December 31 rose 15.5 percent to $147.6 million from $127.7 million.
Category: Footwear
Tokyo Olympics May Be Cancelled If Coronavirus Not Contained By Late May
The 2020 Tokyo Olympics are more likely to be canceled than moved or rescheduled if by late May the coronavirus outbreak is deemed too dangerous to go ahead with the original schedule, according to International Olympic Committee member Dick Pound.
Big 5 Warns Of Q1 Loss
Big 5 Sporting Goods Corp. reported earnings of $356,000, or 2 cents share, in the fourth quarter, rebounding from a loss a year ago. But the retailer said it expects a loss in the first quarter as winter weather conditions have softened significantly over the course of the period. Same-store sales are currently running down approximately 10 percent in the quarter.
FDRA’s 2020 Footwear Executive Summit Set For March
Executives from Journeys, Keen Footwear, DSW, Caleres, Target and BBC International are among the speakers at FDRA’s 2020 Footwear Executive Summit.
Modell’s Releases List Of Planned Store Closures
Modell’s Sporting Goods’ list of the 19 stores it plans to close includes nine locations in its hometown of New York City. The retailer initially said it planned to close 24 stores but rent concessions will keep five open.
AAFA Grows Policy And Membership Teams
The American Apparel & Footwear Association (AAFA) announced that it has hired Beth Hughes as vice president, trade & customs policy, and Megan Balkovic as director, membership experience & industry engagement. Both are new positions that expand the association’s policy and membership divisions.
Foot Solutions Acquired By Private Investors
Foot Solutions Inc., a franchisor of custom orthotics and footwear retail locations, announced the acquisition of the business by a group of private investors.
Macy’s Q4 Exceeds Wall Street’s Target
Macy’s Inc. reported both earnings and sales were down in the fourth quarter but sales were down less than expected and earnings exceeded Wall Street’s consensus target.
Wolverine World Wide Sees Five Percent Growth In Q4
Wolverine World Wide Inc. reported sales rose 4.8 percent in the fourth quarter, boosted by mid-teens revenue growth from Merrell and Sperry and saw earnings top Wall Street’s guidance. For the current year, however, the company provided a soft outlook, citing the negative impact of the coronavirus outbreak.
VF Corp. Again Recognized For Ethics
VF Corp. has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies for the fourth consecutive year.
Timberland Offering To Plant Trees In Exchange For Slower Delivery
Timberland is offering to plant a tree every time an online customer chooses to have their orders delivered in four to eight days versus the standard three days, according to a report from Reuters.
Modell’s Issues Statement Seeking Outside Investor
Modell’s Sporting Goods on Monday announced that the retailer was formally launching a “crowdsourcing campaign” to find an outside investment to support the retail business. The company also said that on Saturday, Mitchell Modell, CEO and one of his landlords negotiated a deal to reverse the closure of four stores that were announced last week.
Wilson Adds International Padel Star Fernando Belasteguín To Advisory Staff
Wilson Sporting Goods Co. announced it has signed global padel star Fernando Belasteguín, known as “Bela,” to its advisory staff.
Asics Rolls Out New Campaign Timed For U.S. Marathon Trials
Asics North America unveiled two new commercial spots at the center of their new 2020 North American “I Move Me” brand marketing campaign. The spots will make their television debut during the U.S. Marathon Trials on February 29.
The Dick’s Sporting Goods Foundation Partners With Lindsey Vonn
In conjunction with The Dick’s Sporting Goods Foundation, The Lindsey Vonn Foundation (LVF) has established The Dick’s Foundation Sports Matter Scholarship for underprivileged youth athletes across the country.
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