Shoe Carnival Lifts Outlook On Robust Athletic Trends
Said Cliff Sifford, CEO, “We believe the positive athletic and athleisure trend happening in the family footwear channel will continue, and we have reallocated inventory dollars to those specific categories for the fall season to take advantage of this trend.”
Foot Locker Q3 Earnings Top Wall Street Targets
Richard Johnson, chairman and CEO, said in a statement, “Despite the highly promotional environment we still see in the marketplace, the availability of premium product is gradually improving compared to the first half of the year, and we believe we can achieve, and perhaps modestly exceed, the top- and bottom-line guidance we gave for the fourth quarter back in August.”
Hibbett Sports Lifts Outlook After Q3 Easily Tops Estimates
Hibbett Sports reported third-quarter earnings fell 47.9 percent but both earnings and sales easily topped Wall Street targets. Hibbett officials credited positive comps in footwear, significant improvement in branded apparel and strength online.
Wall Street Reacts: Dicks Q3
For the analyst community, Dick’s issuance of a poor outlook for 2018 indicates that the industry’s return to healthy, full-price selling will take longer than expected.
Outdoor Retailer Releases Floorplan For Outdoor Retailer + Snow Show 2018
More than 1,000 brands will fill three levels at the Colorado Convention Center.
Columbia Sportswear May Close Downtown Office Over Safety Concerns
Columbia Sportswear may close its offices in downtown Portland that house Sorel’s headquarters and relocate 50 jobs due to unsafe conditions in the area.
Payless Announces Strategic Initiatives To Further Transformation
The moves include a streamlining at its corporate headquarters and hiring a new chief strategy officer.
Nike Hikes Quarterly Dividend By 11 Percent
Said Mark Parker, chairman, president and CEO of Nike, Inc., “Today’s announcement, combined with the four-year $12 billion share repurchase program we announced in 2015, demonstrates our continued confidence in generating strong cash flow and returns for shareholders through our new Consumer Direct Offense.”
Shoe Carnival Lifts Outlook On Strong Q3
Shoe Carnival reported net earnings rose 10.6 percent to $10.7 million, or 66 cents a share, exceeding Wall Street’s consensus target of 62 cents. Same-store sales grew 4.4 percent.
FDRA Holiday Surveys Sees Shoe Spending Increasing
FDRA’s 2017 Holiday Shoe Sales Survey shows comfort/casual sneakers/leisure footwear remain the top choice for holiday shoe buyers, more shoppers are planning to spend more than $100 on shoes, and Amazon dominating as go-to-place online for holiday shoe buying.
Bon-Ton Stores To Close 40 Locations In 2018
The Bon-Ton Stores Inc. plans to close at least 40 locations in 2018 after reporting third-quarter results missed expectations.
FDRA Survey Predicts Big Holiday For Sneakers And Women’s Boots
The report showed that 61 percent plan to spend over $100 on shoes this holiday season, up from 2016. Casual sneakers are the most sought after item again at 34 percent, especially in the western part of the country.
AAOS Launches Redesigned OrthoInfo.org
OrthoInfo.org, the trusted consumer website on bone and joint health, launched a new design that is easier to navigate, access and view, stated the American Academy of Orthopaedic Surgeons (AAOS).
Salomon Athlete Cat Bradley Sets FKT For Grand Canyon Rim-To-Rim-To-Rim
Bradley completed the 42-mile out-and-back route in 7:52:20, beating out the previous women’s record set by Bethany Lewis in 2011 by more than 20 minutes.
Deckers Brands Files Investor Presentation Highlighting Progress Of Transformation And Board Strength
Deckers Brands filed an investor presentation in connection with Deckers’ upcoming 2017 Annual Meeting of Stockholders to be held on December 14, 2017.
