SGB Footwear

The Buckle Issues Special Dividend

Buckle Inc. announced that at its quarterly meeting of the Board of Directors, held on December 3, 2021, the Board authorized a $5.65 per share special cash dividend.

NRF Economist Predicts Holiday Shopping Could Beat Forecast

The 2021 holiday season appears to be on track to exceed the National Retail Federation’s (NRF) forecast for record spending despite supply chain disruptions, inflation and challenges like the new COVID-19 omicron variant, according to NRF Chief Economist Jack Kleinhenz.

Shoe Carnival Announces Acquisition Of Shoe Station

Shoe Carnival, Inc. announced that it had acquired substantially all of the assets of privately-held, family-owned Shoe Station, Inc., which operates 21 stores in five Southeastern states. The Shoe Station assets were acquired for $67 million.

Genesco’s Q3 Revenues Expand 25 Percent

Genesco Inc. reported sales net income gained 69 percent in the third quarter. Net sales increased 25 percent from last year and grew 12 percent over the third quarter two years ago. Results were well ahead of Wall Street’s targets.

Hibbett’s Q3 Comps Gain 13 Percent

Hibbett Inc. reported flat earnings in the third quarter ended October 30 as sales grew 15.2 percent against challenging comparisons in the year-ago period. Same-store sales in the third quarter climbed 13.0 percent against a 37.4 percent jump a year ago. Hibbett again raised its full-year guidance as results topped Wall Street’s targets.

Skechers Faces Activist Investor

Tremblant Capital Group, which owns 5.1 percent of Skechers, wrote to the company’s board Wednesday urging it to end its Skechers’ dual-class share structure, start an aggressive share buyback program, pay a dividend and improve its communication with investors, according to a regulatory filing.