Genesco Inc. Slashes Guidance On Weak Q1
Said Robert Dennis, chairman, president and CEO, “We have adopted a more conservative outlook for store-based sales given the anemic level of mall traffic year-to-date and the more pronounced shift in consumer spending away from stores to online. Therefore, we now expect adjusted diluted earnings per share for the year in the range of $3.90 to $4.05, compared to our previously issued guidance range of $4.40 to $4.55.”
Under Armour Announces 2017 Tom Brady Asia Tour
The tour of Beijing, Shanghai and Tokyo over six days will include a sneak peek into the football legend’s holistic training regimen to showcase the importance of sleep and recovery.
Under Armour Signs Boxer Gervonta Davis
The 22-year-old super-featherweight, who is based in Baltimore, has a professional boxing record of 18-0 with 17 knockouts
Shoe Carnival’s Q1 Profits Slide
Cliff Sifford, Shoe Carnival’s president and chief executive officer, commented, “While February was a very challenging month due to the delay in the tax refunds, we are encouraged by the improvement in our sales as we progressed through the quarter. Comparable store sales for March and April combined, which includes the shift in the Easter selling season, were up low single digits.”
Tilly’s Shares Pop On Q1 Beat
Shares of Tilly’s Inc. jumped $1.12, or 13.1 percent, to $9.70 after the action-sports themed retailer narrowed its Q1 loss while exceeding internal guidance for earnings and sales.
MEC Opens Store In Kitchener
MEC (Mountain Equipment Co-op) opened a store in Kitchener in Ontario, Canada.
Purcado Launches Personalized Price Aggregator For Shoes
Purcado compares more than 50 retail sites in a single search, featuring 1000+ brands, and more than 200,000 product listings.
Fleet Feet To Open Store In Poughkeepsie, NY
Kim Caruso, a lifetime resident of New York and graduate of Marist College, owns the store, which opened May 18 in The Shoppes at South Hills at 1895 South Road.
Kevin Plank Inducted Into NSGA Hall Of Fame
On May 23, Under Armour founder and CEO, Kevin Plank, was inducted into the Sporting Goods Industry Hall of Fame.
Nike Signs Mega-Deal With Odell Beckham Jr.
Nike Inc. reportedly agreed to pay the New York Giants wide receiver $29 million over the next five years in what’s believed to be the largest footwear deal with an NFL player. A bidding war with Adidas boosted the deal’s price.
DSW Finds Athletic Strength Can’t Offset Dress Weakness
Debbie Ferree, chief merchandising officer, said the athleisure strength represents solid demand for performance athletic and fashion athletic on the women’s and the men’s side that are not performance brands.
Tilly’s Narrows Q1 Loss
Tilly’s Inc. shrunk its loss in the first quarter while showing a 0.6 percent same-store gain, exceeding guidance.
Target To Pay $18.5 Million To Settle Data Breach Fallout
The payout represented the highest valuation of a multi-state data breach investigation to date.
Vivobarefoot Partners With Bloom To Make Shoes Out Of Algae
Bloom uses algae biomass harvested from freshwater sources around the world to make EVA foams.
Puma Partners With Right To Play
As part of this cooperation, Puma has donated 9,000 footballs for Right To Play programs in nine countries including Ghana, Pakistan and Thailand.
