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Department Stores Outperform Q4 Expectations

Department Stores Outperform Q4 Expectations

Four of the five big department stores—J.C. Penney Co., Macy’s Inc., The TJX Cos. Inc. and Kohl’s Corp.—beat Wall Street’s earnings and revenue estimates during the fourth quarter ended February 1. Only Dillard’s Inc. fell shy of analysts’ projections for the period, which included a shortened Holiday Season due to a later-than-normal Thanksgiving and Black Friday. (Read More)

Foot Locker Eyes Sales Bounce Back On Basketball Momentum In 2020

Foot Locker Eyes Sales Bounce Back On Basketball Momentum In 2020

Foot Locker Inc.'s fourth-quarter sales came in below expectations due to ongoing challenges in the apparel category and underperformance by Adidas in footwear. But sales growth is expected to resume in 2020 as demand for Nike and Jordan product remains strong and several newer initiatives - including its Power Centers, FLX rewards program, and dedicated women’s spaces – are showing promise. (Read More)

Warm Winter Halts Big 5’s Momentum

Warm Winter Halts Big 5’s Momentum

Big 5 Sporting Goods Corp. reported a strong 2019, marked by a comp gain and its strongest margin performance in more than 10 years. However, inclement winter weather has led to a poor start to 2020. CEO Steve Miller said, "Although this year began with solid winter weather conditions in our geography, unfortunately, the conditions turned highly unfavorable over the course of the quarter, particularly in our key California market." (Read More)

Wolverine Issues Soft Guidance Despite Accelerated Growth In Q4

Wolverine Issues Soft Guidance Despite Accelerated Growth In Q4

Wolverine World Wide reported another quarter of accelerated growth in the fourth quarter for its two biggest brands, Merrell and Sperry, and predicted a recovery year in 2020 for Saucony. Conservative guidance, however, was given for 2020 due to the expected fallout from the coronavirus outbreak and some continued challenges facing the U.S. wholesale channel. (Read More)

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