SGB Update Footwear
Amer Sports’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Amer Sports Holding 1 Oy’s debt ratings due to the company’s healthy sales and earnings improvement in 2022 and overall improving performance over the pandemic. Sales grew 22 percent currency-neutral in 2022, led by China.
Adidas Extends Deal With Union Berlin Until 2030
Union Berlin extended its kit deal with Adidas prematurely with the new deal expiring in 2030.
Bealls, Inc. Appoints New Company President
Bealls, Inc. promoted Tianne Doyle to president. Doyle joined Bealls in 1991 and has held leadership positions across the company, rising to EVP and chief merchandise officer in 2020.
Academy Sports And Outdoors Ups Quarterly Dividend By 20 Percent
Academy Sports + Outdoors, Inc.’s board of directors has declared a cash dividend with respect to the fiscal quarter ended January 28, 2023 of 9 cents per share of common stock of the company, a 20 percent increase from the previous quarterly dividend payment.
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.
