SGB Update Footwear

Bass Pro Shops to Open New Outpost in Muncy, Pennsylvania

Bass Pro Shops will have four stores in Pennsylvania following the completion of the 75,000-square-foot Outpost store in Muncy, which is part of the redevelopment of a former Lycoming Mall property into “The District.” The design approach for The District will “emphasize community character, outdoor heritage and a sense of place.”

Zumiez’s Q1 Tops Guidance, Comps Climb 5.5 Percent

Zumiez Inc. reduced its net loss in the first quarter ended May 3 as same-store sales improved 5.5 percent on strong full-price selling. Sales topped Zumiez’s forecast for the quarter while earnings were in line. 

Adidas Gets Debt Upgrade by S&P on Improving Performance

S&P Global Ratings raised its debt ratings on Adidas due to the brand’s stronger-than-expected deleveraging trend, mainly driven by the group’s sustained momentum in its underlying operating performance and cash flow generation improvements versus  previous forecasts.

Advanced Manufacturing Group Appoints Vice Chairman

AMG, which provides supply chain services to the footwear industry, has elevated Alan Lunder to the position of vice chairman. He will continue to work closely with company Chairman and Founder Jonathan Bobbett.

Tilly’s Q1 Same-Store Sales Retreat 7 Percent

The surf & skate chain logged a slightly wider loss in the first quarter ended May 3 as same-store sales dropped 7.0 percent. The sales decline was smaller than in the fourth quarter, with further improvement seen so far in the second quarter.

The North Face Hit with Cyber Attack

The company discovered a “small-scale” cyberattack in April of this year, and an unauthorized party may have stolen some personal information from its customers but not their financial information, which TNF processes through a third party.
 

Genesco’s Fiscal Q1 Boosted by 8 Percent Comp Gain from Journeys Group

First-quarter earnings topped expectations as sales exceeded plan, led by an 8 percent increase from Journeys Group, while expenses benefited from cost-containment efforts. The performance marked the company’s third consecutive quarter of positive comparable sales gains and guidance was reiterated for the year.