Target Corporation reported that second quarter sales increased 1.6 percent to $16.4 billion from $16.2 billion in Q2 last year, reflecting a 1.3 percent comparable sales increase combined with the benefit from sales in non-mature stores. Comparable digital channel sales grew 32 percent and contributed...
Urban Outfitters, Inc. reported total company net sales for the second quarter of fiscal 2018 were $873 million, a 2 percent decrease as compared to the same quarter last year. Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, decreased 4.9 percent. By...
Walmart, Inc. net sales rose 2.1 percent to $123.36 billion in the fiscal second quarter ended July 29. Currency-neutral sales grew 2.9 percent. Wall Street analysts were expecting $123.15 billion in sales. U.S. comparable store sales climbed 1.8 percent, exceeding the 1.7 percent growth expected by the street....
Wolverine World Wide Inc. trampled over Wall Street’s second-quarter predictions today producing significant top-and-bottom line beats and also upping its full-year guidance. But the firm — which has been rationalizing its portfolio, recently divesting its Sebago brand and licensing out the Stride Rite label —...
DSW Inc. shared that the company will be giving back to the community through its Shoe Lovers Care Leave Your Mark program. DSW associates nominated eight family-focused non-profit organizations that have made an impression on their lives. The retailer is inviting the public to vote on their favorite non-profit...
Crocs Inc. reported earnings rose 65.8 percent excluding non-recurring charges in the second quarter as improved margins and expense management offset a 3.3 percent decline in sales. These results cover the three months ended June 30, 2017, and are compared to the three months ended June 30,...
Phoenix Footwear Group Inc., the parent of Trotters and Softwalk, shrank its net loss for the first six months to $612,000 from $737,000 for the first six months of fiscal 2016. The EBITDA loss improved to a loss of $257,400 for the first six months...
W. Paul Jones, the CEO of Payless ShoeSource, has resigned just as the retailer is set to exit bankruptcy proceedings, according to a report from the Topeka Capital-Journal. The Topeka Capital-Journal said Jones told employees of his resignation plans Tuesday morning at a town hall meeting...
Puma partnered with Mountain View, CA-based motion science company Lumo Bodytech to introduce a new Puma product powered by Lumo’s artificial intelligence coaching platform. Lumo Bodytech combines sensor data and advanced algorithms to optimize human movement designed to improve health, performance and injury prevention. Lumo’s solutions...
Rack Room Shoes promoted Laryssa Grant to the role of children’s buyer. After a decade in the women’s buying department, Grant will continue evaluating items that customers will respond to in the category. She will also lead the development and design of all of Rack...