Caleres Earnings Increase But Miss Analysts’ Estimates
Caleres, whose portfolio includes a range of footwear brands and the Famous Footwear retail stores, reported net income in the first quarter ended May 5 of $17.2 million and diluted earnings per share of $0.40.
Tilly’s Shares Surge On Q1 Earnings Beat
Shares of Tilly’s Inc. rose $1.55, or 12.7 percent, to 13.76 Thursday after the action-sports themed retailer reported first-quarter earnings that exceeded internal guidance on improving store traffic and indicated the technical issues that had been derailing e-commerce operations are abating.
Sears To Close 72 More Stores
Sears Holdings said the company will be closing more than 70 additional stores in 2018 as its sales continue to erode.
Asics And Disney Team Up To Get Families Moving
Asics announced a global partnership with The Walt Disney Company on a cross-media campaign tied to upcoming movie release, Disney·Pixar Incredibles 2. The goal of the campaign is “to get families moving this summer.”
Adidas, Skechers Settle Trademark Lawsuit
Adidas and Skechers have reached settlement over a lawsuit that charged Skechers infringed on Adidas’ three-stripe logo and Stan Smith shoe designs, according to Law360.
Father’s Day Spending To Reach Near-Record $15.3 Billion
A total of 77 percent of Americans will celebrate Father’s Day and spend an average of $133 per person, according to a study released by the National Retail Federation and Prosper Insights & Analytics.
Adidas Replaces Nike As Nevada Sponsor
The University of Nevada and Adidas announced a multi-year partnership in which Adidas will be the official athletic footwear, apparel and accessory brand of the Wolf Pack. Nevada has been with Nike.
Firearms Fallout Fizzles As Dick’s Sporting Goods Surges In Q1
Dick’s Sporting Goods’ recent policy refusing to sell firearms resulted in plenty of PR fallout but it hasn’t affected the retail giant’s bottom line. The Pittsburgh, PA-based company easily beat Wall Street’s estimates for the first quarter ended May 5 through strength in other categories, including an especially solid performance in private label sales, which led to higher margins.
Russian Football Union Extends Partnership Agreement With Adidas
The Russian Football Union (RFU) IS extending the group’s cooperation agreement with Adidas until 2022.
DSW Sees Athleisure Boost In Q1
Continued strength in athleisure and kids, ramped-up marketing investments and a focus on inventory-depth helped DSW Inc. deliver first-quarter earnings that topped Wall Street’s consensus target by 2 cents.
Inov-8 Appoints Top Crossfitter To Marketing Team
Inov-8 appointed top crossfitter Fran Calvert to its marketing team to head up functional fitness and training.
Agenda Parent Company Reed Exhibitions Appoints VP of Marketing
Reed Exhibitions, the parent of the Agenda trade show, hired former head of marketing at Men’s Journal Rob Weinstein as VP of marketing. He will head ReedPOP West’s marketing team, currently overseeing five events, which include Agenda Shows, Agenda Festival and ComplexCon.
Asics Partners With Live Nation
Asics America Corporation is teaming up with Live Nation as an exclusive footwear sponsor across select venues and festivals in the US and Canada.
Dick’s Raises Guidance After Robust Q1
Dick’s Sporting Goods Inc. raised the company’s outlook for the year after reporting first-quarter earnings that came in well above Wall Street’s consensus target. Same-store sales dipped 2.5 percent.
DSW’s Q1 Earnings Top Wall Street’s Target
DSW Inc. reported first-quarter earnings on an adjusted basis rose 23.4 percent as comparable-store sales rose 2.0 percent. Earnings were two cents higher than Wall Street’s consensus estimate.
