SGB Footwear

Dick’s Q1 Hits Higher End Of Guidance

Dick’s Sporting Goods Inc. reported first-quarter earnings that arrived at the higher end of guidance, although same-store sales fell short. The retailer will also take a charge of $7 million in the second quarter related to the elimination of positions, primarily at the company’s store support center.


Netshoes Slashes Q1 Loss

Netshoes Ltd., in its first quarterly report since going public, reported significantly lower losses in the first quarter as sales grew 18.1 percent on a currency-neutral basis.

J.C. Penney’s Shares Tumble On Q1 Loss

J.C. Penney’s stock plunged nearly 14 percent on Friday at $4.55 per share after the department store operator reported weak comparable sales and a massive net loss in the first quarter.

VF Corp. Appoints Arne Arens As The North Face Global Brand President

Said Scott Baxter, vice president, VF and group president, Outdoor & Action Sports Americas, “I am confident that Arne’s passion for and deep understanding of the outdoor marketplace, coupled with his management expertise and operational agility, make him ideally suited to unlock new opportunities and accelerate growth for The North Face around the world.”