SGB Footwear

SGB Update

Golden Goose’s Debt Ratings Upgraded on Improving Sales

Moody’s Ratings upgraded Golden Goose S.p.A.’s debt ratings due to its strong revenue and profit performance in recent years with the aid of store openings. Sales have vaulted 60 percent from December 2021 to June 2024.

The Buckle’s October Comps Show Slight Gain

Buckle, Inc. reported that comparable store net sales for the 4-week period ended November 2 and increased by 0.6 percent year over year. Net sales increased 0.1 percent to $87.9 million from $87.8 million a year ago.

Caleres Adds Two Board Members

The parent of Famous Footwear has added Kyle Gendreau, CEO of Samsonite International S.A. and Molly Langenstein, former CEO of Chico’s FAS, to its board, bringing the total to twelve members.

SGB Executive

EXEC: Asics Hikes FY Outlook As Q3 Revenues Climb 16 Percent

Asics raised its guidance for the year after reporting sales in the third quarter grew 16.0 percent with profits expanding faster. Double-digit revenue growth in the quarter was achieved in North America, Europe, Japan and Greater China.

EXEC: Mizuno Corporation Posts Record H1 Results in Sales and Profits

Mizuno management said there are concerns regarding the volatility of the financial market due to the monetary policies of individual countries and changes in political and global landscapes, as well as changes in consumer sentiment amid the continued rise in prices.

EXEC: Alpargatas Saw Havaianas Taking Market Share, Posting Growth in Q3

The management team at Alpargatas, the Brazil-based parent of the Havaianas and Rothy’s brands, offered their take on the 2024 third quarter with a particular focus on the company’s strategic review and transformation process that has already started to bear fruit for the Havaianas flip-flop brand.

EXEC: Under Armour Shares Pop on Strong Q2 Earnings Beat

Shares of Under Armour surged 27 percent on Thursday after the company reported operating earnings topped guidance by $50 million due to efforts to reduce promotions at its DTC channels, particularly online. Under Armour President and CEO Kevin Plank expressed confidence that initiatives to elevate product and storytelling will drive a return to growth.