SGB Update Footwear
Imports Drop As Pandemic-Driven Shipping Surge Comes To An End
With a pandemic-driven surge over, monthly import cargo volume at the nation’s major container ports fell below the two million Twenty-Foot Equivalent Units mark and is forecasted to remain there through the spring, according to the Global Port Tracker Report released by the National Retail Federation and Hackett Associates.
VF Corp. Realigns EMEA Leadership Team
VF Corp. added new hires to its leadership team in Europe, the Middle East and Africa (EMEA).
Tilly’s Sees Holiday 2022 Comps Decrease In The Mid-Teens
Tilly’s, Inc. saw total 2022 holiday period net sales decrease 12.9 percent to $150.9 million for the nine-week period ended December 31, 2022 compared to $173.3 million for last year’s comparable nine-week holiday period.
Famous Footwear Parent Reiterates Fiscal 2022 Outlook
Caleres reaffirmed its financial outlook for consolidated sales, adjusted earnings per share and its inventory position for fiscal year 2022.
Macy’s Sees Fiscal Q4 Sales At Low-End To Mid-Point Of Guidance
Macy’s, Inc. reported that net fourth-quarter sales are now expected to be at the low-end to mid-point of the previously issued range of $8,161 to $8,401 million while adjusted diluted EPS is expected to be in the previously issued range of $1.47 to $1.67.
Genesco Sees 3 Percent Holiday Comp Gain
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased by 3 percent for the quarter-to-date period ended December 24, 2022. The parent of Journeys now expects fiscal 2023 adjusted EPS to be at the low end of the most recent guidance range.
Lululemon Lifts Fiscal Q4 Sales Outlook; Sees Margin Pressure To EPS
Lululemon Athletica, Inc. slightly raised its revenue guidance for the fourth quarter while narrowing its EPS target.
Dick’s SG Closes Store In Worcester
Dick’s Sporting Goods closed its retail store at Lincoln Plaza in Worcester, MA on December 31.
Kohl’s General Counsel To Exit
Kohl’s Corp. general counsel and corporate secretary Jason Kelroy plans to leave the business this month.
Boot Barn Exceeds Fiscal Q3 Guidance; Comps Down As E-Comm Falls 15 Percent
Boot Barn Holdings, Inc. reported preliminary results for the third quarter of fiscal year 2023 ended December 24, 2022.
Darby Communications Adds Two Partners To Ownership Structure
After celebrating fifteen years in operation, Darby Communications expanded the agency ownership to include two business partners.
Macy’s To Close Four Stores
Macy’s confirmed it is closing four stores in Los Angeles, CA; Fort Collins, CO; Oahu, HI; and Gaithersburg, MD.
ASTM Adds Board Member
ASTM International reported William A. Ells, vice president of sales at Vibram USA, will serve a three-year term on ASTM’s International board of directors.
Lands’ End Sets Organzational Changes
Lands’ End Inc. reported executive leadership hires and organizational changes to support its business objectives and growth initiatives.
Nordstrom Appoints Intuit Technology Exec To Board
Nordstrom, Inc. appointed Intuit tech executive Atticus Tysen to its board of directors, effective immediately.
