Revenue growth reportedly benefited from increased sales of closed-toe silhouettes, which grew at over twice the brand average and closed-toe penetration increased 400 basis points year-over-year.
Category: Footwear
Walmart Building More Than A Marketplace for Sellers
Company leaders outlined category expansions, multichannel fulfillment and new features that Walmart believes will simplify selling across markets to the thousands of sellers attending its “Let’s Grow” 2024 Marketplace Summit on August 27.
EXEC: Foot Locker Gives Q2 Nod to Nike in Basketball, Adidas and New Balance in Lifestyle
North America overall comps were up 1.7 percent for the quarter, led by Foot Locker North America, which delivered a comp increase of 5.9 percent.
EXEC: Wall Street Reacts as Foot Locker CEO Talks Turnaround Plan and Positive Q2 Comps
FL shares have been on a bit a roll, with the stock up 24 percent in the last month and 42 percent over a three-month period, but the Q2 results weren’t positive enough to build on that momentum as FL shares fell in double digits on Wednesday.
Apparel Group Continues Expansion, Opens 100 New Stores in First Half
Representing globally recognized brands, including Steve Madden, Skechers, Asics, and Levi’s, to name a few, Apparel Group has a strong footprint in key markets, including India, Bahrain, the UAE, Oman, and Saudi Arabia.
Oboz Mourns the Passing of Founder John Connelly
On August 22, Oboz Footwear Founder and outdoor industry luminary John Connelly passed away following a long battle with various cancers.
Kohl’s Corporation Ups Full Year Earnings Outlook After Q2 Earnings Beat
The retailer saw net sales decrease 4.2 percent year-over-year, with comparable sales down 5.1 percent year-over-year, but it also posted a 13 percent increase in earnings driven by GM expansion and strong inventory and expense management.
EXEC: Foot Locker Exiting New York for Sunnier Environs; Shakes Up Europe and Asia Model
Foot Locker Inc. is pulling up stakes in New York City and moving to St. Petersburg, FL in 2025. The company plans to maintain only a limited presence in New York City going forward.
Foot Locker Inc. Sees Core Foot Locker Banner Comps Grow 5.2 Percent in Q2
Comparable sales increased by 2.6 percent for the quarter, led by 5.2 percent growth in global Foot Locker and Kids Foot Locker comparable sales. The second-quarter net loss was $12 million, compared to a $5 million net loss in Q2 last year.
EXEC: Sports Direct Parent Invests in Australian Sportstyle Retailer
Frasers Group plc, the parent of the UK-based retailer Sports Direct, has acquired a 14.65 percent strategic investment in Accent Group Ltd., a retailer in the performance and lifestyle market in Australia and New Zealand.
Puma Promotes Indy Sen to SVP Puma Group Sourcing
Sen assumes the operational responsibilities of the chief sourcing officer, replacing Anne-Laure Descours, who is not extending her board contract and will instead support Puma as an external sustainability advisor.
Nordstrom, Inc. Gets Lift from A-Sale Timing and Active in Second Quarter
Nordstrom said active, women’s apparel, beauty and kids had the strongest growth versus 2023. During the Anniversary Sale, the top growing categories were beauty, active and home.
EXEC: Saucony and Merrell Post H1 Surge in China as Xtep Takes Full Control
Saucony and Merrell are now operating under a licensing model in China, and housed within Xtep International’s new Professional Sports segment of business, representing 8.2 percent of total revenues for the company.
Citi Trends Posts Wider Q2 Loss as Retailer Moves to Clear Inventories
The retailer said it is swiftly capitalizing on two distinct opportunities: enhancing the ‘treasure hunt’ experience by securing branded goods at incredible values while also increasing the penetration of opening price point goods.
Trederra Footwear Outsoles Made From End-of-Life Recycled Tires
TRS will supply Trederra with CT-50 rubber powder which is manufactured using the patented TRS Water Pulse technology, a water-jet system that pulverizes tire tread into fine powder, derived from 100 percent end-of-life tires diverted from landfills and free from steel and synthetic fibers.
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