Nike Partners With Fordham
Nike reached an agreement to replace Under Armour as the official athletic footwear, apparel and accessory sponsor of Fordham Athletics, effective July 1, 2023.
Crocs, Inc. Expects 2022 Revenues To Increase 53 Percent
Crocs, Inc. expects 2022 revenues to surge approximately 53 percent to roughly $3.55 billion. The company had previously guided to growth of approximately 49 percent to 52 percent versus full-year 2021.
Sports Direct Parent Invests In Hugo Boss
Frasers Group, the parent company of British retailer Sports Direct, reported its current investment in Hugo Boss now comprises 2,714,300 shares of common stock, representing 3.9 percent of Hugo Boss’s total share capital.
Backbone Hires E-Commerce Director
Backbone hired Martin Mudry as e-commerce director, a new position at the company, to support its entrance into marketplace marketing across key third-party e-commerce platforms, including Amazon, Walmart, and others.
Urban Outfitters Sees Modest Growth Over Holiday Period
Urban Outfitters, Inc. reported total company net sales for the two months ended December 31, 2022 increased 2.3 percent compared to the two months ended December 31, 2021.
Wolverine World Wide Sees Q4 EPS At Low End Of Guide On Inventory Reduction Efforts
Wolverine World Wide, Inc. updated its outlook for fiscal 2022 revenue, earnings, inventory and net debt, reporting that the company expects the following preliminary and unaudited financial results as of December 31, 2022.
Zumiez Holiday Comps Fall Nearly 24 Percent
Zumiez, Inc. posted a 22.2 percent net sales decrease for the nine-week period ended December 31, 2022, compared to the nine-week period ended January 1, 2022. During the same period comparable sales decreased 23.9 percent.
SFIA Re-Elects Ram; Adds Two Members To Board
The Sports & Fitness Industry Association (SFIA) re-elected Jonathan Ram, CEO of Clarks, Inc. as chairman of its Board of Directors for the 2023 term.
Imports Drop As Pandemic-Driven Shipping Surge Comes To An End
With a pandemic-driven surge over, monthly import cargo volume at the nation’s major container ports fell below the two million Twenty-Foot Equivalent Units mark and is forecasted to remain there through the spring, according to the Global Port Tracker Report released by the National Retail Federation and Hackett Associates.
VF Corp. Realigns EMEA Leadership Team
VF Corp. added new hires to its leadership team in Europe, the Middle East and Africa (EMEA).
Tilly’s Sees Holiday 2022 Comps Decrease In The Mid-Teens
Tilly’s, Inc. saw total 2022 holiday period net sales decrease 12.9 percent to $150.9 million for the nine-week period ended December 31, 2022 compared to $173.3 million for last year’s comparable nine-week holiday period.
Famous Footwear Parent Reiterates Fiscal 2022 Outlook
Caleres reaffirmed its financial outlook for consolidated sales, adjusted earnings per share and its inventory position for fiscal year 2022.
Macy’s Sees Fiscal Q4 Sales At Low-End To Mid-Point Of Guidance
Macy’s, Inc. reported that net fourth-quarter sales are now expected to be at the low-end to mid-point of the previously issued range of $8,161 to $8,401 million while adjusted diluted EPS is expected to be in the previously issued range of $1.47 to $1.67.
Genesco Sees 3 Percent Holiday Comp Gain
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased by 3 percent for the quarter-to-date period ended December 24, 2022. The parent of Journeys now expects fiscal 2023 adjusted EPS to be at the low end of the most recent guidance range.
Lululemon Lifts Fiscal Q4 Sales Outlook; Sees Margin Pressure To EPS
Lululemon Athletica, Inc. slightly raised its revenue guidance for the fourth quarter while narrowing its EPS target.
