Foot Locker Inc. reported earnings and sales that came in well above pandemic-impacted year-ago levels as well as easily ahead of Wall Street’s targets. First Quarter Results The company reported a net income of $202 million, or $1.93 per share, for the 13 weeks ended May 1,...
The U.S. Customs and Border Protection (CBP) announced a new formal partnership arrangement with Nike Inc. as part of the Donations Acceptance Program. Under its partnership with CBP, Nike Inc. is donating proprietary technology to aid in authenticating a variety of Nike Inc. merchandise and...
Wolverine World Wide Inc. (WWW) announced the promotion of Isabel Soriano as President of International and the appointment of Katherine Cousins as global brand president of Sperry. Soriano joined Wolverine Worldwide in 2018 as vice president and managing director of EMEA, responsible for leading all company...
VF Corp. announced its launch of Venture Platforms, an innovation pillar that will focus on identifying and investing in new, future-focused opportunities. Venture Platforms is the newest component to VF’s overall brand portfolio strategy and complements the company’s two existing brand portfolio pillars: Core Brands, which...
Target reported first-quarter GAAP earnings per share (EPS) of $4.17, up 643.2 percent from $0.56 in 2020. First-quarter Adjusted EPS of $3.69, which excluded a $0.53 gain on the sale of Dermstore, grew 525.0 percent compared with $0.59 in 2020. Results on an adjusted basis...
“In our first quarter we outperformed sales expectations across all three of our brands: Macy’s, Bloomingdale’s and Bluemercury. We built on our momentum from the fourth quarter and our sales trend continued to improve throughout the first quarter,” said Jeff Gennette, chairman and chief executive...
At the Fila USA segment, sales rose to KRW132,284 million ($117 mm) from KRW106,149 million in the year-ago quarter. The segment includes Fila brand sales in the U.S., Canada and Mexico. The gains came against pandemic-impacted sales in the 2020 quarter. Against the 2019 quarter,...
Shoe Carnival Inc. reported earnings in the quarter ended January 30 came in significantly higher than Wall Street’s targets as sales more than doubled against a pandemic-depressed year-ago period. Comparable store sales increase of 125.8 percent and an all-time high store conversion rate was achieved....
Ross Stores Inc. reported earnings per share for the 13 weeks ended May 1, 2021 grew 17 percent to $1.34 on net income of $476 million. This compares to $1.15 per share or net earnings of $421 million for the 13 weeks ended May 4,...
Authentic Brands Group (ABG) last week submitted an offer of around $1 billion to acquire Reebok from Adidas, according to the New York Post. ABG reportedly plans to partner with Wolverine World Wide, the parent of Saucony, Merrell and Sperry, on the bid. The offer, according...