SGB Update Footwear
Birkenstock Narrows Fiscal Q1 Loss as Smaller Regions Surge
Reported direct-to-consumer revenues increased 24 percent to €160.7 million, while Wholesale, or B2B revenues rose 19 percent to €140.4 million in the prior-year quarter.
Rocky Brands Weathers Q4 Headwinds to Deliver Flattish Bottom Line Gain
Wholesale segment sales decreased 13.3 percent in Q4 and Contract Manufacturing segment sales decreased 14.9 percent, while Retail segment sales increased 1.5 percent. EPS was 91 cents a share in Q4 vs. 89 cents in Q4 2022.
Steve Madden Ltd. Misses Lowered EPS Forecast for 2023
SHOO had updated its fiscal 2023 guidance in November after a tough Q3 quarter and lowered its diluted EPS forecast to approximately $2.35 a share and Adjusted diluted EPS to approximately $2.40 for the year.
Sierra Parent TJX Sitting Pretty as Most Others Deal with Market Turmoil
The parent of TJ Maxx and Marshalls said it is well-positioned to take advantage of the outstanding availability of quality, branded merchandise in the marketplace and flow fresh goods this spring. TJX had 95 Sierra stores at year-end 2023.
Urban Outfitters Hits Trifecta in Q4, Full Year as Sales, Margins and EPS All Pop
The parent to the Anthropologie, Free People, FP Movement, Urban Outfitters, and Nuuly brands reported total company net sales for fiscal Q4 increased 7.3 percent to a record $1.49 billion.
Big 5 SG Posts Q4 Loss on Sharp Decline in Same-Store Sales
For the fiscal 2024 first quarter, BGFV expects same-store sales to decrease in the low double-digit range compared to the fiscal 2023 first quarter.
The Athlete’s Foot Posts 7 Percent Sales Increase in Fiscal 2023
The Athlete’s Foot sneaker and streetwear chain has 550 stores and e-commerce shops in 30+ countries. Its global headquarters are in Stans, Switzerland, and Atlanta, Ga. in the United States.
Macy’s Inc. Swings to Q4 Loss on $1 Billion Charge for New Plan, Store Closures
Included within the charge is a roughly $950 million non-cash asset impairment charge, primarily related to the approximately 150 locations planned for closure and the remaining associated with corporate assets.
Macy’s, Inc. to Shutter 150 Macy’s Doors, Boost Investment and Door Count in Luxury
As part of the strategy, approximately 15 Bloomingdale’s nameplate stores, 30 new Bluemercury stores and roughly 30 Bluemercury remodels are anticipated to open in new and existing markets over the next three years.
Dillard’s Q4 Sales Decline Year-Over-Year Despite Extra Week
Total retail sales decreased 5 percent on a like-for-like 13-week basis. Sales in comparable stores for that same period decreased 5 percent.
Sustainable Apparel Coalition Rebrands as Cascale
In 2009, Walmart and Patagonia founded the SAC to convene apparel industry stakeholders on a pre-competitive basis and develop a common approach to measuring sustainability.
New Balance Hits $6.5 Billion in 2023; Nearly Doubles Sales Since 2020
The company delivered double-digit record growth in every global market in 2023, reaching $6.5 billion in annual sales, a 23 percent increase from 2022.
Veldskoen Shoes Founders Re-Acquire Brand from Mark Cuban, Ashton Kutcher
Veldskoen Shoes opened a U.S. headquarters in Atlanta to expand the business stateside. The initiative comes after the founding families re-acquired the brand in late 2023.
Idea Ranch Promotes Three Employees to Account Supervisors
Idea Ranch, the advertising, PR and consumer insights company serving the outdoor industry, promoted Kevin Waggoner, Dillon Jones and Katie Murphy to Account Supervisors.
On Expanding Global Retail Presence; to Open Portland, OR Store
The Swiss performance sportswear brand, will open its newest U.S. store in Portland, OR, on February 24 in an area of town vibrant with shops and restaurants and one mile from its Americas HQ.
