SGB Update Footwear
Nordstrom’s Q4 Earnings Top Estimate, To Exit Canada
Nordstrom reported earnings in the fourth quarter topped Wall Street’s guidance despite aggressive markdowns to clear inventories while providing an upbeat outlook for the current year. The retailer also announced the wind-down of its Canadian business.
Hibbett Rolls Out Returns Service
Hibbett, Inc. added Happy Returns’ Return Bars in its more than 1,100 Hibbett and City Gear specialty stores nationwide. Through the service, customers can make returns from hundreds of online retailers at Hibbett and City Gear stores in 36 states.
CGPR Taps Former Employee As Vice President
CGPR tapped former employee Charlotte Daher de Garcia as vice president.
Burlington Stores Sees Improving Trend Despite Q4 Comp Sales Dip
Burlington Stores, Inc. reported total sales for the fiscal fourth quarter increased 5 percent to $2.74 billion and comparable store sales decreased 2 percent for the period ended January 28, 2023, compared to the fourth quarter of Fiscal 2021.
Nisolo Opens Retail Store In Boston
Nisolo opened its newest storefront in Boston’s Back Bay neighborhood, carrying its ethically made shoes and accessories, affixed with the brand’s open-source sustainability facts label.
The Buckle Posts 6.9 Percent Comp Store Sales Decline In February
The Buckle, Inc. saw comparable store net sales decrease 6.9 percent for the 4-week fiscal period ended February 25, compared from comparable store net sales for the 4-week period ended February 26, 2022.
Golftec To Open Location In Tampa
Golftec will open an instruction and club fitting center in Tampa, its 16th location in Florida, at 18047 Highwoods Preserve Pkwy.
Macy’s Sees Q4 Earnings Fly Past Analyst Targets
Macy’s Inc. reported fourth-quarter earnings were down year over year, but easily surpassed Wall Street targets while giving upbeat guidance for 2023. Macy’s attributed the strong performance to inventory disciplines and a focus on gift-giving categories.
Titleist, Footjoy Parent Swings To Q4 EBITDA Profit On Double-Digit U.S. Growth
Acushnet Holdings Corp., parent company of the Titleist and Footjoy brands, reported that consolidated net sales for Q4 increased 6.4 percent, or 14.3 percent on a constant-currency basis. Adjusted EBITDA was $25.4 million, compared to a loss of $5.0 million in the prior-year quarter.
Puma Posts Record Results, Provides Subdued Outlook For 2023
Puma reported record sales and earnings before interest and taxes in 2022 but warned that profits would likely fall as high-interest rates and inflation weigh on consumer spending.
Kohl’s Logs Steep Q4 Loss On Heavy Markdowns
Kohl’s, Inc. reported a steep loss in the fourth quarter on heavy markdowns. Wall Street had expected a profit. The mid-tier department store chain also guided EPS for the current year below analyst targets.
BSN Sports, Under Armour Partner With Ohio’s Lima Central Catholic High School
BSN Sports and Under Armour entered into a partnership agreement with the Lima Central Catholic High School in Lima, OH, to provide uniforms and apparel through its co-sponsored Women of Will program.
Urban Outfitters’ Q4 Profits Decline 23 Percent, Miss Analyst Targets
Urban Outfitters, Inc.’s earnings slumped 23.2 percent in the fourth quarter and came in below analysts’ consensus estimates. Sales came in slightly ahead of targets with strength at its Anthropologie, Free People and Nuuly brands.
Big 5 SG Sees Q4 Same-Store Sales Fall 13 Percent; Margins And Earnings Shrink
Big 5 Sporting Goods Corporation reiterated its fiscal 2022 fourth quarter net sales were $238.3 million, compared to net sales of $273.4 million for the fourth quarter of fiscal 2021. Same-store sales decreased 13.2 percent for the fourth quarter of fiscal 2022 compared to the fourth quarter of fiscal 2021.
Ross Stores Top Q4 Expectations; Sees Flat Comps For 2023
Ross Stores Inc. reported earnings rose 21.9 percent in the fourth quarter ended January 28 as both earnings and sales topped guidance.
