Citi Trends Shuffles CEO Role in Weekend Board Action
The retailer’s Board of Directors appointed Ken Seipel as interim CEO, effective June 2. In connection with his appointment, David Makuen stepped down as CEO and a board member.
Nordstrom Promotes Alexis DePree to Chief Operating Officer
DePree will continue to support supply chain operations, transportation, inventory operations, enterprise operations, and store operations, but now with an expanded title that better reflects the breadth of these teams’ work.
EXEC: Genesco CEO Outlines the Journeys Turnaround Plan and Progress
As Journeys’ product advances and other strategic initiatives across the business take hold, Journeys’ parent expects momentum to build into fiscal 2026 but also warned of Q2 and Q3 challenges ahead.
Report: U.S. Sporting Goods Growth Continues Solid Post Pandemic Growth
The growth last year coincides with a year in which the market saw the lowest number of total inactive Americans (64.9 million people) since SFIA began tracking the metric.
The Future of Nike Air
New research, advanced capabilities and an innovation agenda has led Nike to evolve its Alphafly line to the Alphafly 3 — a shoe “to serve all marathoners.”
Genesco, Inc. Sees Journeys Slide Continue in Q1 as Schuh and J&M Turn Negative
The parent of Journeys, Schuh and Johnston & Murphy, reported net sales for the first quarter of Fiscal 2025 amounted to $458 million, a 5 percent year-over-year decrease compared to $483 million in the first quarter of Fiscal 2024.
Inspired by Nostalgia, Puma x Lost Management Cities Reimagine GV Special
Puma returns with a 2024 version of its GV Special from its archives, having received a “collaborative touch-up” from Seoul-based Lost Management Cities.
Nordstrom Beats on Fiscal Q1 Estimates, Reaffirms Full Year Guide
The retailer narrowed its first quarter loss and beat expectations for the first quarter but analysts may be a little jumpy as guidance didn’t move higher and may signal internal concerns about the discretionary shopper.
EXEC: Inside the First Quarter Foot Locker Call with Senior Execs
The retailer remains confident they will get more allocation on key Nike product this coming fall and holiday, but is also busy going about the business of doubling Hoka each quarter, expanding Asics fueling New Balance growth and getting on the On brand train for the ride.
Puma North America Opens New Arizona Distribution Center
The 1.2 million-square-foot automated distribution center in Waddell, AZ, includes 3.5 miles of conveyor, automatic retrieval and storage robots, and a new cubing process to optimize customer packaging.
Kohl’s Corporation Shares Fall as Retailer Cuts Guidance on Poor Fiscal Q1 Showing
Shares were down over 20 percent in pre-market trading on Thursday after the mid-tier retailer missed on estimates for the first quarter and then cut guidance for the year.
Duluth Holdings, Inc. Posts Wider Q1 Loss on Revenue Miss for Quarter
The company posted a net loss of $7.9 million in the first quarter, compared to a net loss of $3.9 million in the year-ago Q1 period. Loss per share doubled from a loss of 12 cents a share in the year-ago quarter to 24 cents per share in the 2024 Q1 period.
EXEC: Birkenstock Holding Raises Full-Year Guidance After Strong Q2 Performance
Fiscal Q2 net revenue amounted to €481 million, an increase of 22 percent (+23 percent CC) year-over-year. Revenue growth reportedly benefitted from increased sales of closed-toe silhouettes, which increased to over 25 percent of total revenue compared to the high teens a year ago.
Foot Locker, Inc. North America Q1 Comps Down 2.5 Percent on DD Declines at Champs
Champs continues to be the big drag for Foot Locker as the company repositions the banner. Champs comped down in the mid-teens in Q1 as total sales fell nearly 19 percents year-over-year. Foot Locker banner comps were up 0.8 percent and Kids Foot Locker comps grew 6.4 percent.
Caleres Sees Famous Footwear Comps Down Again in First Quarter
Famous Footwear segment net sales increased 0.1 percent to $349.6 million. Comparable sales were down 2.3 percent for the quarter, on top of an 8.5 percent decline in Q1 last year. Brand Portfolio segment net sales declined 2.6 percent to $317.2 million.
