SGB Update Footwear

Dillard’s Inc. Q4 Earnings Dip as Comps Decline 1 Percent

Dillard’s, Inc. reported earnings slid 5 percent in the fourth quarter as higher gross margins were offset by a 1 percent same-store sales decline and higher payroll costs. For the year, profits were down 3.9 percent on flat sales, flat gross margins and higher expenses.

Univ of Michigan Consumer Sentiment Index Improves for Third Straight Month

Americans’ view of the economy improved slightly in February despite inflationary concerns, according to The University of Michigan’s monthly survey. Joanne Hsu, Surveys of Consumers director, said, “All Index components posted insignificant movements this month; overall, consumers do not perceive any material differences in the economy from last month.”

REI to Open New Store in Eugene, Oregon

The new store replaces REI’s original location on Lawrence Street, which opened in 1992. That location will close on Sunday, February 22. Both stores will be closed from February 22 to 26. The new store will have a soft opening on Friday, February 27.

Under Armour’s Debt Ratings Affirmed by S&P on Expected Profit Recovery

S&P Global Ratings affirmed its debt ratings of Under Armour as it expects debt leverage to be reduced and a “rebound in profitability” in the company’s fiscal 2027 year as it moves past restructuring costs, benefits from cost-saving initiatives and returns to growth.

EBay to Acquire Depop from Etsy for $1.2 Billion

The transaction, which has been unanimously approved by EBay’s and Etsy’s Board of Directors, is expected to close in the second quarter of 2026, subject to the satisfaction of certain closing conditions and receipt of required regulatory approvals.