Foot Locker Inc. announced that it is making a $100 million strategic minority investment through its subsidiary in 1661, Inc., d/b/a GOAT, a managed marketplace for authentic sneakers operating the GOAT and Flight Club brands. Over time, Foot Locker and GOAT Group will combine efforts across...
Columbia Sportswear Co. on Thursday announced net sales of $917.6 million for the fourth quarter of 2018, an increase of 18 percent (19 percent constant-currency), compared with net sales of $776 million for fourth quarter 2017 and ahead of Wall Street estimates by $69.6 million....
Skechers USA, Inc. reported earnings on an adjusted basis grew 42.3 percent, easily topping Wall Street’s targets, as sales gained 11.4 percent. Fourth Quarter Highlights Record fourth quarter sales of $1.08 billion, an 11.4 percent increase, or 13.7 percent on a constant currency basis International wholesale sales increase...
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 2, 2019 decreased 2.2 percent from comparable store net sales for the 4-week period ended February 3, 2018....
Sears Chairman Eddie Lampert’s $5.2 billion bid to buy the retailer’s assets and keep the chain alive was approved Thursday afternoon by U.S. Bankruptcy Judge Robert Drain in White Plains, N.Y., according to reports....
Brooks Running Co. reported global revenue reached a record $644 million in 2018, a 26-percent year-over-year. The gain was driven by a 28-percent increase in global footwear sales. Apparel stabilized and grew 7 percent....
Adidas in 2018 produced more than five million pairs of shoes containing recycled plastic waste. The company now plans to more than double that figure this year....
The Supervisory Board of Puma SE has decided to create a dedicated board position for sourcing and has appointed Anne-Laure Descours as chief sourcing officer and member of the management board of Puma SE, effective February 1, 2019....
Kohl’s announced a new, strategic collaboration with WW, formerly Weight Watchers, to pilot a variety of health and wellness offerings to help customers and Kohl’s associates on their wellness journeys. ...
Gold, a 28-year veteran, began his career as an assistant buyer. His roles included vice president, director of the Neiman Marcus Last Call Clearance Division, president of specialty retail at Neiman Marcus...