SGB Update Footwear
Emerald Holding, Inc., parent of the Outdoor Retailer and Surf Expo trade shows, reported fourth quarter 2023 revenues were $101.5 million, an increase of 8.4 percent versus the fourth quarter 2022.
Reported direct-to-consumer revenues increased 24 percent to €160.7 million, while Wholesale, or B2B revenues rose 19 percent to €140.4 million in the prior-year quarter.
Wholesale segment sales decreased 13.3 percent in Q4 and Contract Manufacturing segment sales decreased 14.9 percent, while Retail segment sales increased 1.5 percent. EPS was 91 cents a share in Q4 vs. 89 cents in Q4 2022.
SHOO had updated its fiscal 2023 guidance in November after a tough Q3 quarter and lowered its diluted EPS forecast to approximately $2.35 a share and Adjusted diluted EPS to approximately $2.40 for the year.
The parent of TJ Maxx and Marshalls said it is well-positioned to take advantage of the outstanding availability of quality, branded merchandise in the marketplace and flow fresh goods this spring. TJX had 95 Sierra stores at year-end 2023.
The parent to the Anthropologie, Free People, FP Movement, Urban Outfitters, and Nuuly brands reported total company net sales for fiscal Q4 increased 7.3 percent to a record $1.49 billion.
For the fiscal 2024 first quarter, BGFV expects same-store sales to decrease in the low double-digit range compared to the fiscal 2023 first quarter.
The Athlete’s Foot sneaker and streetwear chain has 550 stores and e-commerce shops in 30+ countries. Its global headquarters are in Stans, Switzerland, and Atlanta, Ga. in the United States.
Included within the charge is a roughly $950 million non-cash asset impairment charge, primarily related to the approximately 150 locations planned for closure and the remaining associated with corporate assets.
As part of the strategy, approximately 15 Bloomingdale’s nameplate stores, 30 new Bluemercury stores and roughly 30 Bluemercury remodels are anticipated to open in new and existing markets over the next three years.
Total retail sales decreased 5 percent on a like-for-like 13-week basis. Sales in comparable stores for that same period decreased 5 percent.
In 2009, Walmart and Patagonia founded the SAC to convene apparel industry stakeholders on a pre-competitive basis and develop a common approach to measuring sustainability.
The company delivered double-digit record growth in every global market in 2023, reaching $6.5 billion in annual sales, a 23 percent increase from 2022.
Veldskoen Shoes opened a U.S. headquarters in Atlanta to expand the business stateside. The initiative comes after the founding families re-acquired the brand in late 2023.
Idea Ranch, the advertising, PR and consumer insights company serving the outdoor industry, promoted Kevin Waggoner, Dillon Jones and Katie Murphy to Account Supervisors.