Foot Locker Inc. reported earnings rose 7.6 percent on an adjusted basis as same-store sales jumped 18.6 percent. Results were in line with a pre-announcement provided on August 10. Second Quarter Results Net income for the company’s second-quarter of 2020 was $45 million, or $0.43 per share,...
Susquehanna International Group said in a note Monday that proprietary checks confirm that Nike will be closing nine wholesale accounts: City Blue, VIM, EbLens, Belk, Dillard’s, Fred Meyer, Bob’s Stores, Boscov’s, and Zappos. In the note, Sam Poser, the lead analyst in the space for Susquehanna,...
Black Diamond Equipment (BD), a manufacturer of climbing, skiing and mountain sports equipment, announced plans to expand its retail footprint to Park City, UT and will host a series of in-store events on September 5-6. “This weekend commemorates the grand opening of BD retail in Park...
Foot Locker announced the grand opening of its first West Coast community-based Power Store in Compton, CA. The 12,800- square-foot store is scheduled for August 26. “As part of our commitment to bring the best-localized expression of Foot Locker to consumers, we are excited to expand...
Amazon announced plans to add 3,500 tech and corporate jobs across a half-dozen U.S. cities. The cities include Dallas, Detroit, Denver, New York, Phoenix, and San Diego. Amazon said it will invest more than $1.4 billion in these new offices which will host teams supporting businesses...
Kohl’s Inc. warned that back-to-school was off to a slow start and a promotional climate is expected for holiday selling. However, the middle-market chain expects to gain significant market share as COVID-19 causes competitors to close and accelerates trends toward casualization and active lifestyles. “COVID has...
Anta Group and the World Wide Fund for Nature (WWF) held a signing ceremony at the Group’s operational headquarter in Xiamen, China announcing that Anta Group became WWF’s first international partner in China’s sportswear and textile industry. As stated in a press release: “With the support...
The Mint Green Group announced an exclusive distribution partnership with Nike Canada in golf and tennis. The partnership will enable increased investment in these categories. “Our partnership with Nike marks a fantastic new chapter in Mint Green’s history, and it has the potential to be the...
Foot Locker Inc. has opened its largest store in Singapore. Located in Orchard Gateway @Emerald, the five-story space with retail over three-levels combines product, in-store presentations and customer experiences featuring a multi-branded basketball collection and a half-court in B2. The mix features footwear and apparel from...
Target Corp. reported second-quarter comparable sales grew 24.3 percent, the strongest the company has ever reported. Store comparable sales increased 10.9 percent. Digital comparable sales grew 195 percent, accounting for 13.4 percentage points of Target’s comparable sales growth. Overall sales were $22.7 billion against $18.2 billion,...