Macy’s Q3 Earnings Improve
Macy’s Inc. reported third quarter 2017 earnings per diluted share of 12 cents, or 23 cents per share excluding restructuring and other costs and non-cash retirement plan settlement charges. This compares with 5 cents per share in the third quarter of 2016, or 17 cents excluding non-cash retirement plan settlement charges.
Kohl’s Earnings Slide In Q3
Kohl’s Corporation reported earnings fell 20 percent in the third quarter while same-store sales inched up 0.1 percent.
Adidas to Open ‘World Class’ Los Angeles Office in 2018
The new space creates a home base for the brand’s employees in LA across sales, entertainment and influencer marketing, teams driving editorial and social and the key cities team.
Adidas’ Q3 Earnings Jump 35 percent
Adidas AG reported net earnings rose 35 percent in the third quarter as sales improved 12 percent on a currency-neutral basis. The gains were driven by Greater China, up 28 percent, and North America, ahead 23 percent, driven by the Adidas brand.
Sport Chek Sees Modest Comp Gain In Q3
Canadian Tire reported sales its FGL Sports segment were up 0.5 percent in the third quarter with same-store sales were up 0.4 percent. Same-store sales at Sport Chek were up 0.4 percent.
Amazon Discounts Third-Party Sellers Products
Amazon.com has begun lowering prices on goods sold by third-parties on its site with the additional savings marked by tag that reads “Discount provided by Amazon.”
Parent Of Titleist Eying Golf Recovery In U.S.
David Maher, COO, Acushnet Holdings, stated, “It is encouraging that the U.S. retail market is weathering its structural correction fairly well. The general consensus from our trade partners is that they are faring better now than they did in 2016 or 2015 as there are fewer competitive doors and a greater percentage of their sales is generated from inline products.”
Dick’s Sets 2017 Holiday Game Plan
Dick’s Sporting Goods’ holiday plans include extended store hours on Thanksgiving; Black Friday savings beginning on Sunday, November 19; exclusive styles from Adidas and the Bowflex M5; and free shipping on online orders.
Academy Sports Surprises Vet At Concord, NC Store
Academy Sports + Outdoors partnered with the Carolina Panthers to surprise a local veteran and his daughter with a $300 shopping spree to shop for Panthers products with Panthers lineman Damiere Byrd, Sir Purr, and cheerleaders at its location in Concord, NC.
Wolverine’s Revenues Continue To Recover
Boosted by an uptick in sales at Merrell and Saucony, Wolverine World Wide reported its second consecutive quarter of underlying growth. Merrill and Saucony grew mid-single digits, Chaco jumped strong double-digits and Wolverine brand gained low-single digits. Sperry was down mid-single digits.
Crocs Profits Recover, Revenues Stagnate
While Crocs’ third quarter showed that its bottom-line to benefit from cost-cutting initiatives and focus on higher-margin sales, top-line growth remains a struggle and management inferred that sales would be flat in 2018.
New Balance Sued By Manchester United Star
New Balance said it plans to “vigorously defend itself” against a lawsuit from Manchester United’s Marouane Fellaini charging its boots injured his feet.
Nike Re-Signs Giannis Antetokounmpo
Nike has signed Giannis Antetokounmpo to a “long-term partnership,” according to tweet from the Milwaukee Buck’s star player.
Outside’s Best Places to Work 2017 Arrives
Peak Design, SportRx, Nuun, Powder7, Eagle Creek, SlideBelts, Toad and Co. and DryCase each earned a spot on Outside magazine’s Best Places to Work 2017.
Zappos Launches Curated Sneaker-Shopping Experience
Zappos.com has launched The_ONES, a new retail concept celebrating the classics, starting with classic sneakers. It encompasses a new online hub (FindTheOnes.com), shoppable Instagram (@The_ONES), and limited-time “pop-ins” in premium boutiques.
