SGB Update Footwear
Zumiez Sees Q4 Results at Low End of Guidance After Tough Holiday
Zumiez forecasted fiscal 2023 fourth-quarter sales to be near the low end of its guidance range of $275 million to $281 million and fourth-quarter earnings per share to also be near the low end of its range of 24 cents to 34 cents.
Famous Footwear Parent Caleres Reaffirms Full-Year Outlook
The parent of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, reaffirmed its financial outlook for consolidated sales, EPS and adjusted EPS for full year 2023.
Compass Diversified Promotes Three on Investment Team
The owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, promoted investment team members Raj Dalal, Lucas Scholhamer and Phoebe Madsen.
UK Retail Foot Traffic Declines Sharply in December
Overall retail UK foot traffic decreased by 5.0 percent year-over-year in December, down from a 0.7 percent decline in November, according to BRC-Sensormatic IQ data.
NRF: Import Cargo Enters Winter Lull as Red Sea Disruptions Continue
Inbound cargo volume at the nation’s major container ports should gradually decline during the first quarter of 2024 before increasing in the spring, according to the latest NRF report.
Fila Holdings Promotes Todd Klein to Global Brand President
The company appointed Fila USA President Todd Klein to take on the newly created role of global brand president. In addition to his existing responsibilities, Klein will assume responsibility for overall operations of the Fila brand including global product and marketing strategies.
Crocs Inc. Ups Guidance as Namesake Brand Passes $3 Billion Mark
The parent of the Crocs and HeyDude brands now expects record 2023 revenues of approximately $3.95 billion, which would represent over 11 percent growth compared to 2023, with the Crocs brand exceeding $3 billion.
Boot Barn Sees Fiscal Q3 Results In Line with Prior Outlook
The retailers expects net sales of $520.4 million for the quarter ended December 30, 2023, representing growth of 1.1 percent over the prior year. Diluted EPS is seen at or above the high end of its previously announced guidance.
Genesco Cuts Guidance as Journeys, Boots a Drag on Holiday Selling
With fourth quarter sales trending below our expectations, GCO now expects total year adjusted EPS to be in the range of 65 cents to 85 cents compared with the company’s prior view for a range of $1.50 to $2.00.
Tilly’s Sees Bright Spot in Footwear in Dismal Holiday Selling Period
Total net sales decreased 7.4 percent to $139.7 million for the 2023 Holiday period compared to $150.9 million for corresponding nine-week Holiday period in the prior year.
Wolverine World Wide Expects 2023 Results In Line with Estimates
The company expects to deliver financial results in line with previous guidance and achieving better-than-anticipated year-end debt and inventory levels.
United Sports Brands Names CEO
Phil Gyori was appointed CEO. Most recently, he was the CEO of Pelican Products. His hire follows the company’s recent acquisition by Norwest Equity Partners.
Report: Gen-Z Strava Athletes Most Likely to Build Community for Workouts
The report concluded that while it’s no surprise that Gen Z’s behaviors and habits vary from other generations, they also have different motivators, barriers and interests when it comes to staying active.
National Golf Foundation Makes Board Appointments
The National Golf Foundation (NGF) added Craig Kessler, PGA of America COO, Geoff Cottrill, Topgolf’s chief brand officer, and Edric Funk, Toro’s VP of golf, grounds, and irrigation, to its Board of Directors, effective January 1, 2024.
Genesco Appoints Chris Santaella as Chief Merchant of Journeys Group
Santaella joins Journeys from Foot Locker, where he worked for over three decades in successive roles, most recently as senior vice president and chief merchandising officer for Foot Locker, Kids Foot Locker and Champs Sports.
