DSW Sees First Annual Earnings Gain In Four Years
Capitalizing by being able to chase stronger-than-expected demand for cold weather boots, DSW Inc. delivered fourth-quarter earnings that beat plan, enabling the off-pricer to show its first year of adjusted earnings growth since 2013.
DeFeet Partners With LuxTag.io To Add Blockchain Solutions
Working exclusively with LuxTag.io based in Cyberjaya, Malaysia, DeFeet will be the world’s first apparel company to track products on a blockchain.
Skechers Performance Returns As Title Sponsor Of Los Angeles Marathon
For its third year as title sponsor of the event held on Sunday, March 18, Skechers will offer race-branded merchandise and host several events, including a meet and greet with four-time Olympian Meb Keflezighi.
Footaction Debuts ‘Uncover’ Featuring Jonathan Mannion And Freddie Gibbs
Footaction teamed up with photographer Jonathan Mannion and recording artist Freddie Gibbs to debut a new content franchise, “UNCOVER Presented by Footaction.” The conversation, hosted by radio personality Mando Fresko, focused on how lifestyle and culture intersect.
February Retail Sales Increase 4.4 Percent Over Last Year
February retail sales increased 0.3 percent seasonally adjusted over January and 4.4 percent year-over-year as the economy continued to grow, the National Retail Federation said. Sporting goods stores were down 3.4 percent year-over-year but up 2.2 percent from January seasonally adjusted.
Adidas Lifts Profitability Target After Robust 2017
Adidas AG reported revenue growth accelerated in the fourth quarter, led by China and North America, prompting the company to upgrade its profitability target for 2020.
VF Corp. To Acquire Altra
VF Corp. signed a definitive purchase agreement to acquire the Altra footwear brand from Icon Health & Fitness, Inc.
Dick’s Hopes Healthier Margin Outlook Offsets Top-Line Challenges
Dick’s Sporting Goods said on its fourth-quarter conference call that it’s facing top-line challenges in the hunt and fitness tracker categories as well as the Under Armour brand overall. But stronger product innovation from select key partners and the continued expansion of its private brands are expected to result in less margin pressure in 2018 than previously expected.
Adidas Initiates Multi-Year Stock Buyback Program
With the approval of the Supervisory Board, the Executive Board of Adidas AG has decided to launch a multi-year share buyback program of up to €3.0 billion ($3.7 bn) in total until May 11, 2021.
Caleres Sees Robust Q4 Earnings Gains
Caleres Inc. reported healthy gains in earnings in the fourth quarter as Famous Footwear’s comps grew 2.8 percent and sales in its Branded Portfolio gained 13.8 percent.
Tilly’s Q4 Derailed By E-Com Snafu
Tilly’s Inc. reported earnings that came in at the low end of projections and same-store sales that missed guidance as online sales were disrupted by a system upgrade. Management remained bullish on continued improvement in 2018.
NSGA Welcomes Speakers To Management Conference
Speakers will include Michigan State University basketball coach Tom Izzo, Beth Porreca of USA Football, David James of Major League Baseball. The conference will also include a number of sessions focusing on how to compete with Amazon.
Quiksilver Waterman To Sponsor World’s Largest Paddle Festival
The Carolina Cup, the world’s largest festival combining paddle races, clinics, product displays, and entertainment has attracted the support of Quiksilver Waterman as title sponsor.
Dick’s Q4 Earnings Arrive At Upper End Of Guidance
Dick’s Sporting Goods reported earnings fell 13.8 percent before non-recurring charges in the fourth quarter, to $127.3 million, or $1.22 a share, but came in at the top of guidance. Same-store sales slid 2.0 percent, in line with guidance. Earnings for 2018 were guided to be flat to down 7 percent.
DSW’s Q4 Profits Slide On Charge To Exit Ebuys
DSW Inc. reported earnings in the fourth quarter fell 37.8 percent to $11.7 million, or 15 cents a share, after absorbing charges to write down and exit its Ebuys business. Earnings before non-recurring charges nearly doubled and exceeded guidance.
