Tilly’s Declares Special Dividend
Tilly’s Inc. announced that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $31 million in the aggregate, on the company’s outstanding Class A and Class B common stock.
Nike Partners With Roblox On Virtual World
Nike announced a partnership with Roblox to create a virtual world called NIKELAND. Users will be able to dress up their avatars in Nike-branded footwear and apparel.
The Buckle’s Q3 Earnings Climb 49.5 Percent
The Buckle Inc. announced that net income for the fiscal quarter ended October 30, 2021 was $62.2 million, or $1.26 per share on a diluted basis, compared with net income of $41.6 million, or 85 cents, for the third quarter of fiscal 2020.
Callaway Golf’s and Topgolf’s Debt Ratings Upgraded
S&P Global Ratings revised its debt outlook to stable from negative on Callaway and Topgolf. At the same time, the ratings agency affirmed its ‘B’ issuer credit rating on Callaway and its ‘B-‘ issuer credit rating on Topgolf.
La Sportiva Appoints Financial Director And National Sales Manager
La Sportiva announced the hiring of Nat Matthews as financial director and Darrin Young as national sales manager.
Nike Announces 11 Percent Increase In Quarterly Dividend
Nike, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.305 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 11 percent.
Foot Locker’s Q3 Same-Store Sales Climb 2.2 Percent
Foot Locker, Inc. reported third-quarter earnings were sharply above year-ago levels and Wall Street targets due to strong gross margin improvement and a 2.2 percent gain in same-store sales. The sneaker juggernaut cautioned that supply chain disruptions would likely persist throughout the fourth quarter.
FDRA Q4 Exec Survey Finds Supply Chain Concerns
FDRA’s Q4 Survey of the top 100 shoe executives shows supply chain challenges and trade policy are causing a direct drag on future retail sales forecasts.
Ross Stores Q3 Sales Rebound
Ross Stores Inc. lifted its outlook for the year after posting healthy third-quarter results. Same-store sales in the quarter ended November 2 grew 14 percent against the 2019 third quarter.
Caleres Raises Outlook On Q3 Earnings Beat
Caleres raised its earnings guidance for the year after delivering record quarterly earnings in the third quarter ended October 30. Famous Footwear generated record quarterly sales while its Brand Portfolio segment saw sequential sales improvement.
Foot Locker Appoints COO; Announces Leadership Realignments
Foot Locker Inc. has promoted Frank Bracken, EVP and CEO, Foot Locker North America, to COO as part of several leadership realignments. In the newly created role, Bracken will oversee the company’s global operations and omnichannel customer experience, including global technology and supply chain, reporting to Richard A. Johnson, Chairman and CEO, Foot Locker.
Slinger Bag Enters Puerto Rico With New Distribution Agreement
Slinger Bag announced its latest distribution agreement with Trading and Logistics Group, Inc. to bring it business to the tennis community in Puerto Rico.
Macy’s Q3 Same-Store Sales Jump 37 Percent
Macy’s Inc. significantly raised its earnings outlook for the year after reporting third-quarter results that exceeded expectations. Comparable sales jumped 35.6 percent versus 2020 and 8.7 percent versus 2019.
Kohl’s Lifts Full-Year Outlook As Q3 Earnings Eclipse Analyst Targets
Kohl’s Inc. raised its full-year 2021 financial outlook after reporting third-quarter net sales and earnings that easily exceeded Wall Street expectations. Third-quarter comparable sales jumped 14.7 percent against a year-ago decline of 13.3 percent.
Versace Appoints Interim Chief Executive Officer
Capri Holdings Limited announced the appointment of Cedric Wilmotte as Interim Chief Executive Officer of Versace, effective January 17, 2021.
