Coming off a tough Q4 and reacting to a challenging economic climate, Shoe Carnival plans to reduce the number of SKUs in its stores but maintain deeper size runs in order to reduce out of stock days in key products. Given the rising prices coming out of
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Famous Footwear Fourth Quarter Profits Fall…
Hurt by lower sales and a highly promotional climate, Famous Footwear's fourth quarter operating earnings fell 40% to $13.4 million from $22.5 million a year ago. On a conference call with analysts, Joe Wood, president, Brown Shoe Retail, noted that
Worldwide Inc Names Men’s Footwear and Athletic Buyer
Worldwide Inc, a Seattle-based buying group for independent retailers, has appointed TJ Southwell as Men’s Footwear and Athletics Buyer succeeding Pat Dalton who has left the company to pursue other interests after 16 years…
Hi-Tec Inks Licensing Deal with Bordan Shoe…
Bordan Shoe Co. has entered into a licensing agreement to sell Hi-Tec Athletic footwear within the U.S. and Canada . Hi-Tec Athletic is being launched for SS08, and features product for running, trail running, walking and cross-training. Target distribu
Robust August Footwear Sales Fail to Impress…
After a very tough July at retail for the Sport Footwear business, the results posted for August had many breathing a sigh of relief as sales increased in the mid-single digits and average selling prices inched up again after sandals, canvas, and a very p
Action Sports Retailer Show Kicks Off with Hot Footwear Categories…
From an apparel and footwear standpoint, it would be hard to pinpoint one singular trend standing out at the Action Sports Retailer show this year. On the style front, all the edgy skater boys in SoCal are rocking mullets, but when it comes to apparel and
Shoe Carnival Q2 Hurt by Shifting Calendar and Consumer Fashion Direction…
Shoe Carnival, Inc. was the first of the family footwear retailers to report second quarter results and the tone set by the retailer may signal a broader problem for the mid-tier market this fall as some start to worry aloud about the health of the low- t
June Sport Footwear Sales Growth Accelerates on Promotional Increases…
The month of June presented a mixed bag of results for the sporting goods and athletic footwear and apparel markets as retailers in the mall turned up the heat on the promotional fire in footwear and apparel to drive growth towards the back end of the mon
DSW Offsets Q1 Comps Dip with Expense Controls…
DSW Inc. pointed to a lack of warm weather across the U.S. in the fiscal first quarter as a primary component in decline in comp sales for the period. Management said that unlike recent quarters, comps this time around varied widely by region, ranging fr
Famous Footwear Profits Soar 17.1% in Q1…
Brown Shoe Co. had a bit of a tough first quarter as revenues slid slightly overall, but the results were much different at its Famous Footwear concept, where sales and comps both increased, but were well outpaced by gains in operating profit…
Heelys Adds to Management Team
Heelys, Inc. has tapped three new Vice Presidents to aid in the continued growth of the company. They are: Will Albers as Vice President of Sourcing/Asia Operations, Bob Byrne as Vice President of Design and Development and Jim Peliotes as Vice President
Famous Footwear Profits Soar 49.2% in Q4.
Brown Shoe Co. reported fourth-quarter operating profit at the Famous Footwear chain jumped 49.2% to $22.5 million. Revenues grew 13% to $320.9 million on a 2.9% comp gain. Famous Footwear’s bottom line was helped by an increase in regular-priced sales a
NSGA Management Conference/Team Dealer Summit Nears Sellout
The 43rd Annual NSGA Management Conference & 9th Annual Team Dealer Summit is nearly sold out. As of February 27, more than 300 persons had registered for an event that will be held May 20-23 at the Hyatt Regency Coconut Point Resort and Spa in Bonita Spr
Industry Public Companies Give Peek Under the Tent for 2007 at Investor Conferences…
The weather wasn’t what most from the east coast were hoping for, but the 9th Annual ICR XChange delivered on its promise once again as one of the best run investor conferences in the market. Held this year at the St. Regis Monarch Beach Resort in Dana P
Holiday Sales Stymied by Warmer Weather, but Momentum Picks Up Late…
December followed the recent trend in consumer habits with shoppers continuing to spend their dollars at luxury and department stores, as well as at wholesale clubs. If one statement could sum up the month it would probably be something along the lines of
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