Caleres’ Q3 Tops Wall Street Targets
Caleres continued its strong performance in the third quarter, achieving record quarterly sales and delivering another period of solid earnings. Sales grew 1.8 percent as a 7.6 percent sales increase in the Brand Portfolio segment offset a slight decline at Famous Footwear.
Dick’s SG Raises Outlook As Third Quarter Beats Plan
Dick’s Sporting Goods reported third-quarter earnings were down year-over-year due to lower gross margins but easily topped Wall Street expectations as same-store sales grew 6.5 percent. The sporting goods retailer lifted its guidance for the year.
OrthoLite Cirql Names Sales Director, Ho Chi Minh City, Vietnam
OrthoLite hired Juan Cutina as sales director for OrthoLite Cirql, headquartered in Vietnam, where Cutina is based. He joins the company with more than a decade of experience in footwear manufacturing in Vietnam.
Nike Opens First Nike Rise Location In North America
Nike opened Nike Aventura, located in Miami, FL. The location is the first Nike Rise store in the U.S. and “signals the next stage of our retail expansion in North America,” according to a Nike press release.
Urban Outfitters’ Q3 Profits Drop By Margin Pressures
Urban Outfitters, Inc. reported earnings slumped 58.2 percent in the third quarter but were in line with Wall Street estimates. Sales growth of 3.9 percent was offset by a 410 basis point decline in gross margins due to heightened markdowns.
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Discover why sporting goods retailers all over the world use Lightspeed to run and grow their businesses.
Mastercard Spendingpulse Forecasts 15 Percent U.S. Retail Sales Growth On Black Friday
According to Mastercard SpendingPulse, U.S. retail sales excluding automotive are expected to grow 15 percent on Black Friday compared to last year.
ICSC: Consumer Spending Expected To Reach $125B On Thanksgiving Weekend
Consumers are approaching the upcoming holiday shopping weekend with optimism, as the new ICSC Thanksgiving Weekend Intentions survey found that consumers plan to spend a total of $125 billion, a 10 percent increase over 2021, even with the holiday shopping season starting earlier this year than in previous years.
Macy’s Debt Upgraded On Improved Performance
S&P Global Ratings raised its issuer credit rating on Macy’s Inc. as the department store chain has delivered solid operating results and deleverage despite a challenging U.S. retail environment.
Fila Resets Innovation And Design Teams In Reorganization
Fila Holdings Corp. announced reorganizing its global teams to support the establishment of its Futura Innovation Team, focused on innovation and sustainability, and Design Team, tasked with developing global product ranges. Key hires include Luca Bertolino, Mikal Peveto, David Bond, Torsten Hochstetter and Paola Loglisci.
Scheels To Open Store In Tulsa
Scheels announced plans to open its first All Sports store to Oklahoma, scheduled to open Fall 2024 in Tulsa.
The Buckle Sees Slight Earnings Decline In Third Quarter
The Buckle Inc. announced that net income for the fiscal quarter ended October 29, 2022 was $61.4 million, or $1.24 per share, about flat with or $62.6 million, or $1.26, a year ago, representing a decline of 1.9 percent. Comps increased 3 percent.
Record 166.3 Million Shoppers Expected During Thanksgiving Weekend
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is almost 8 million more consumers than last year and is the highest estimate since the NRF began tracking the data in 2017.
Retail Sales Growing As Holiday Season Begins
Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in October were up 1.3 percent from September and up 8.3 percent year over year.
Foot Locker Raises Guidance As Third Quarter Exceeds Plan
Foot Locker, Inc. slightly lifted its outlook for the year after reporting third-quarter sales and earnings came in above expectations. Comparable-store sales in the third quarter increased 0.8 percent year-over-year. Mary Dillon, president and chief executive officer. “Despite the tough environment, our expanding customer base remained resilient.”
