SGB Update Footwear
Genesco Posts Double-Digit Q4 Comp Gain on E-Commerce Boost
A 1 percent net sales increase for the quarter reflects a 10 percent increase in comparable sales, including an 18 percent increase in e-commerce comparable sales and a 6 percent increase in same-store sales.
Academy Appoints EVP & Chief Information Officer
Sumit Anand joined Academy this month and reports directly to CEO Steve Lawrence. Anand oversees enterprise technology operations, including cybersecurity, IT infrastructure and operations, and IT shared services, supporting the company’s corporate, distribution center and retail initiatives.
Target Lays Out Strategic Plans to Drive $15 Billion+ in Sales Growth by 2030
This week, the retailer outlined for the financial community how ongoing investments will accelerate its strategy and drive billions of dollars of profitable sales growth across its multi-channel business by 2030.
The Buckle Sees February Comps Down 1.3 Percent
Net sales for the February period decreased 0.9 percent to $77.6 million from net sales of $78.2 million for the prior-year February period.
Macy’s Inc. Has Mixed Q4 Results; Shares Slip as Tariffs, Weak Consumer Impact Outlook
Macy’s, Inc. reported that net sales decreased 4.3 percent to $7.8 billion for the quarter ended February 1. Comparable store sales were down 1.1 percent on an owned basis and up 0.2 percent on an owned-plus-licensed-plus-marketplace basis.
Rip Curl and Oboz Parent KMD Names Former Nike Europe CEO as New Group CEO
Brent Scrimshaw transitioned from a non-executive role on the company’s Board to assume the role of Group CEO and managing director on March 24. Outgoing Group CEO Michael Daly will step down as director of KMD Brands on March 25 and complete a transition period with Scrimshaw until April 4.
Ross Stores Reports Q4 Sales and Earnings at Top End of Forecast
Ross sales trends began softening later in January and into February. The company believes a combination of unseasonable weather and heightened volatility in the macroeconomic and geopolitical environments has negatively impacted customer traffic.
Nordstrom Beats Q4 Sales and Earnings Estimates; CFO Heading to Starbucks
In the fourth quarter, active, women’s and men’s apparel reportedly had the strongest growth versus fourth quarter 2023. For fiscal 2024, active, women’s and men’s apparel, kids, and shoes were said to be the strongest categories.
Bogs, Rafters & Forsake Parent Company Weyco Sees EPS Jump on Flat Sales Growth
Weyco Group, Inc., parent company of the Bogs, Rafters, Florsheim, Nunn Bush, Stacy Adams, and Forsake brands, posted net sales of $80.5 million, essentially flat to the fourth quarter of 2023.
Target Signals Concerns over Tariffs and Consumer in Cautious 2025 Outlook
Target said fourth quarter results were led by strong performance in Sporting Goods, Apparel, Entertainment, Beauty and Toys.
On Holding Swings to Q4 Profit in Q4; DTC Reaches 48.8 Percent of Net Sales
On’s fourth quarter net sales increased 35.7 percent (+40.6 percent constant-currency) to CHF 606.6 million. The strong performance was said to be supported by On’s ability to convert on the rapid rise in brand awareness across the globe.
REI Co-op is Gearing Up for New Larger Lynwood, WA Location
REI’s Alderwood Mall location will close at 3 p.m. on March 23. The larger relocated store will soft open to the community on March 28. A two-day grand opening is planned for April 4-6.
Ortovox Promotes Stefan Kohlbauer to CEO
Stefan Kohlbauer’s promotion to CEO follows a transition period during which Martin Riebel, managing director of Schwan-Stabilo Outdoor GmbH, provided interim leadership.
Urban Outfitters Still Sees Drag from Namesakes Brand; Nuuly Jumps
The Subscription segment, fka Nuuly, saw net sales increase 55.6 percent from adjusted net sales for the prior-year Q4 period, primarily driven by a 53.5 percent increase in average active subscribers in Q4 versus the prior-year quarter.
Angel Martinez Named to the Oofos Board of Directors
The Industry legend joins Oofos Co-Founders Lou Panaccione and Paul Brown on the Oofos board of directors, along with other footwear industry veterans Timothy Davis, Michael Harrison, Suzy Biszantz, Thomas Wolff and John Legere.
