Caleres, the parent of Famous Footwear and a number of wholesale footwear brands, at its Investor Day held Wednesday will target double-digit CAGR earnings growth through 2022 along with low-single-digit sales gains.
Category: Footwear
Under Armour Communications VP Joins Phoenix Suns
The Phoenix Suns named Dean Stoyer, most recently vice president of global brand communications for Under Armour, as chief marketing and communications officer.
Accenture: ‘Responsible Retail’ Will Influence Holiday Spend
Accenture’s 13th annual holiday shopping survey found the vast majority of U.S. consumers plan to spend at least as much this year on holiday gifts as they did last year and will be turning to stores for holiday gift inspiration. The study also found a growing trend of “responsible retail,” with shoppers more concerned about the environmental and social impact of their purchases.
Alberto Salazar Banned For Four Years For Doping Violations
Alberto Salazar, the former star runner and a coach to top runners, has been banned from the sport for four years for doping violations. The United States Anti-Doping Agency (USADA) found that Salazar had been “orchestrating and facilitating prohibited doping conduct” while he was head coach of Nike’s Oregon Project.
Famous Footwear Opens In Macon, GA
Famous Footwear is opening a new store in Macon, GA.
Genesco Announces New $100 Million Stock Buyback Program
Genesco Inc. announced that its board of directors has authorized it to repurchase up to $100 million of the company’s common stock.
Foot Locker Partners Again With Fred Jordan Mission
This Friday and Saturday, Foot Locker will be handing out 3,000 brand-new athletic shoes to lower-income kids in the Los Angeles area through its ongoing partnership with Fred Jordan Mission.
Skechers Announces Significant Progress In Plastic Reduction
Skechers USA Inc. announced that since 2016, the company has reduced its use of plastic in its footwear packaging by 85 percent to 10 percent of its foot forms, all of which is recyclable.
Hibbett And City Gear Now Available Online With A Single Click
Hibbett and City Gear announced that they have teamed up to provide a new digital experience for customers. Shoppers can now browse and shop both brands online through a single website and app.
Kering Reduces Puma stake
Kering is moving to reduce its stake in Puma by issuing bonds that can be exchanged for shares in the brand, according to Reuters.
Adidas Renews Partnership With Louisiana Athletic
Louisiana Athletics and Adidas have entered a three-year partnership in which the Portland, Ore.,-based company will be the official athletic footwear, apparel and accessory brand of the Ragin’ Cajuns through the 2021-22 season
ORR Safety To Be Exclusive Distributor Of Under Armour To Safety Market
Orr Safety Corporation, a subsidiary of Orr Corporation, announced it has entered into an agreement with Under Armour, Inc. to be their exclusive distributor to the industrial safety market in the U.S.
Hibbett Announces Appointment Of Interim Chief Financial Officer
Hibbett Sports Inc. announced that Scott R. Humphrey is joining the company as interim chief financial officer effective September 29, 2019, replacing Christine Skold who fulfilled her contract term and has accepted a full-time permanent position in Nashville.
VF Corp. Targets 7-To-8 Percent Annual Growth
VF Corp. said it is targeting a five-year compounded annual growth rate (CAGR) between 7 percent and 8 percent through fiscal 2024, fueled by VF’s largest brands (Vans, The North Face, Timberland and Dickies) and the company’s international and direct-to-consumer business platforms.
Nike’s Q1 Blows Past Estimates
Nike Inc. reported earnings in the first quarter ended August 31 rose 25.2 percent and easily surpassed Wall Street’s targets. Currency-neutral sales grew 10 percent, led by a 27 percent jump in China and low-teens gains in both the EMEA and APLA regions. North America’s sales grew 4 percent.
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