Urban Outfitters Inc. reported net sales for the two months ended December 31, 2019 increased 2.9 percent over the same period last year. Comparable Retail segment net sales increased 3 percent, driven by growth in the digital channel, partially offset by negative retail store sales.
Category: Footwear
Nike Outlet Store To Close At Corpus Christi Bay
The Nike Factory Store at Outlets at Corpus Christi Bay in Robstown, TX is closing.
Ross Stores Chief Merchant To Exit
Ross Stores Inc. announced that Bernie Brautigan, president, merchandising of Ross Dress for Less since 2016, is leaving the company.
Adidas Golf Adds Two-Time PGA Tour Winner
Adidas Golf signed two-time PGA Tour winner Daniel Berger to a multi-year contract that includes him wearing Adidas headwear, apparel, footwear and accessories on the course.
Avenatti Ordered To Face Fraud Charge
A Manhattan federal judge denied Michael Avenatti’s bid to dismiss the third count of an indictment accusing the embattled lawyer of trying to extort Nike Inc. over his alleged knowledge of basketball recruiting violations.
Dick’s Closes Location In Plainville, CT
Dick’s Sporting Goods has closed its location in Plainville in Connecticut.
The Buckle’s Comps Climb In December
The Buckle Inc. reported comparable store sales increased 5.0 percent in December. Overall sales increased 4.8 percent to $143.9 million from $137.4 million in the same period a year ago.
JCPenney’s Holiday Comps Sink
J. C. Penney Company Inc. announced that its comparable store sales for the combined nine-week period ending January 4, 2020 decreased 7.5 percent. The retailer reaffirmed its guidance for the year.
Kohl’s Holiday Comps Dip 0.2 Percent
Kohl’s Corp. reported that its comparable sales for fiscal November and December 2019 combined decreased 0.2 percent over the same period last year. The department store operator expects EPS to come in at the low-end of guidance.
Boardriders Announces Australia Bushfire Relief Efforts
Boardriders Inc., the parent of Billabong, Roxy, Quiksilver, DC Shoes, RVCA and Element, announced that it is launching a multi-prong relief effort to support communities impacted by the Australia bushfire crisis.
Macy’s Reports Slight Decline In Holiday Sales
Macy’s Inc. announced comparable sales results for the months of November and December 2019 were down 0.7 percent on an owned basis in the November/December holiday period. Said Jeff Gennette, chairman and CEO, “Macy’s, Inc.’s performance during the holiday season reflected a strong trend improvement from the third quarter.”
Macy’s Closing 15 Stores
Macy’s is closing at least 15 stores in early 2020, according to reports.
Brooks Running Extends Partnership With P3R
Brooks will continue to showcase their expertise as the official Apparel and Footwear Provider for all of P3R’s races, including (but not limited to) the Dick’s Sporting Goods Pittsburgh Marathon weekend of events, Fleet Feet Liberty Mile, EQT Pittsburgh 10 Miler, GAP Relay presented by UPMC Health Plan, and the FlyBy 5K presented by CNX Resources.
Under Armour Appoints Chief Accounting Officer
Under Armour hired a chief accounting officer accounting and corporate controller on November 25, three weeks after publicly confirming that its accounting practices are being investigated by the federal government, according to a report in the Baltimore Business Journal.
Reef Signs New EMEA Distributors
Reef Lifestyle, LLC announced it has entered into several new distribution agreements with leading footwear distributor partners across Europe, the Middle East and Africa (EMEA).
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