SGB Footwear

August Retail Jobs Increase Nearly 90,000 Over 2017

Retail industry employment in August increased by 89,100 jobs unadjusted over the same time last year despite a seasonally adjusted drop of 9,700 jobs from July, the National Retail Federation said Monday. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 201,000 jobs over July, the Labor Department said.

Two Ten Footwear Announces Honorees

Michael Greenberg, co-founder and president of Skechers; Katie Butler, general manager at Franco Sarto, and Zappos are being honored by Two Ten Footwear Foundation.

Moosejaw’s CEO Addresses Walmart Concerns In Open Letter

On Linkedin, Eoin Comerford, Moosejaw’s CEO, wrote an open letter to the outdoor industry asserting that the development of the Premium Outdoor Store on Walmart was done in the spirit of “inclusivity” and he’s “surprised by the vehemence of the attacks by some of our industry’s leading retailers and the threats to drop brands that participated.”

Journeys Powers Genesco Ahead In Q2

Driven by huge gains in revenues and profitability at Journeys, Genesco Inc. reported the company’s first positive store comp in eight quarters while posting a surprise profit in the second quarter. Said Bob Dennis, Genesco’s CEO, “Despite lapping positive comparisons when Journeys successfully emerged from the fashion shift a year ago.”

Aisle Talk Week Of September 3

Top headlines from the active lifestyle industry you may have missed this week, including the tragic death of Jason Hairston, the founder of the KUIU hunting apparel brand.

Genesco Returns To Positive Comps

Genesco Inc. reported a surprise profit in the second quarter as the company showed the company’s first overall positive store comp in eight quarters. The comp gains were led by Journeys Group, up 10 percent and Johnston & Murphy, 8 percent. Lids’ comps were down 5 percent but improved sequentially versus the first quarter.

Zumiez Q2 Handily Beats Guidance

Zumiez Inc. reported earnings of $4.4 million, or 17 cents a share, rebounding from a loss of $0.6 million, or 2 cents, in the second quarter of the prior fiscal year. Earnings came in well ahead of company guidance calling earnings between 4 cents and 9 cents.

The Buckle’s Comps Dip In August

The Buckle Inc. reported that comparable store net sales, for stores open at least one year, for the 4-week period ended September 1, 2018 decreased 0.7 percent.