Foot Locker Thriving Despite Mall Woes
Driven by a healthy appetite for running lifestyle product and its positioning as the headquarters for sneakerheads, Foot Locker Inc. reported fourth-quarter earnings that handily exceeded Wall Street targets. Foot Locker will wind up becoming one of the few mall operators to report that traffic grew over the holiday season.
Aisle Talk, Week Of February 20
Top headlines from the active lifestyle industry you may have missed this week.
Billabong Finally Seeing Rebound In America
In the Americas region, EBITDA before global allocations surged 152.2 percent to Australian $10.3 million, with the help of gross margins improving 170 basis points and lower costs.
Superfeet Unveils Restructured Leadership Team
Among the changes is John Rauvola’s new role as CEO and president.
JCPenney To Close 130-140 Stores
J.C. Penney Company Inc. implemented a plan to close two distribution facilities and approximately 130-140 stores over the next few months.
Foot Locker’s Q4 Races Past Wall Street’s Targets
Fourth-quarter earnings easily topped Wall Street’s estimates while showing same-store sales gained 5 percent.
NSGA Partners With Positive Coaching Alliance
PCA resources – including live group workshops for youth and high school sports coaches, parents, student-athletes and administrators, as well as online courses, books and nearly 1,500 free resources at www.PCADevZone.org – help create a positive, character-building youth and high school sports experience for millions of youth each year.
HanesBrands Supports Education In Latin America
Since its inception in 2009, more than 2,000 HanesBrands employees in Honduras, El Salvador and the Dominican Republic have earned high school diplomas in its continuing education program.
Asics Re-Signs Gaël Monfils
Asics announced that it re-signed French tennis star Gaël Monfils to a multi-year agreement to support the launch of the COURT FF.
Asics America Beefs Up Exec Team
Asics America recently named Barbara Turner as vice president of human resources and Lisa Hatton Harrington as general counsel.
Under Armour To Reach Kohl’s In Early March
On a conference call with analysts, Kevin Mansell, Kohl’s CEO, said the company expects the Under Armour launch to be a “significant enough business in year one to add 75 basis points to 100 basis points to our overall company comp.”
Kohl’s Earnings Slide 15 Percent In Q4
Revenues were down 2.8 percent to $6.2 billion with same-store sales off 2.2 percent.
Gildan Activewear Sees Weak Reorders Curbing Q4 Sales Growth
On a conference call with analysts, Rhod Harries, EVP and CFO, said sales were impacted by “weak store traffic trends and a weak holiday period, which drove retailers to limit replenishment and manage down inventory levels during the fourth quarter.”
Adidas Partners With Prep Baseball Report
The agreement creates a platform to provide kids visibility to high school, college and pro teams across a national footprint.
Nike Partners With Tennis Star Li Na
This March, the swoosh will release the China-exclusive Li Na Collection, honoring her trailblazing determination and encouraging more girls to follow in her footsteps.
