01 Mar Puma Posts Record Results, Provides Subdued Outlook For 2023
Puma reported record sales and earnings before interest and taxes in 2022 but warned that profits would likely fall as high-interest rates and inflation weigh...
Author: Jolie Gracia
27 Feb Report: Foot Locker In Discussions On India Entry
Indian multi-brand footwear company, Metro Brands, is talking with Foot Locker to bring the U.S. brand into India. According to ET Now, Foot Locker is reportedly in...
16 Feb Famous Footwear Parent Sees Fiscal 2022 Sales Up 7 Percent
Caleres reported that after a stronger-than-expected holiday performance and continued demand for its brands, the company provided preliminary, unaudited fiscal 2022 consolidated sales and earnings...
16 Feb Crocs Q4 Revenues Surge 61 Percent; Beats Analyst Targets
Crocs, Inc. reported earnings rose 23 percent in the fourth quarter ended December 31. Sales surged 61 percent with a boost from the acquisition of...
13 Feb Report: U.S. Retail Sales Up 8.8 Percent In January
According to Mastercard SpendingPulse, U.S. retail sales, excluding automobiles, were up 8.8 percent year-over-year in January. E-commerce sales were up 8.4 percent year-over-year, while in-store...
09 Feb Drexel Extends Partnership With Nike And BSN Sports
Drexel Athletics has extended its endorsement deal with Nike and BSN Sports to continue to be the school’s official apparel, footwear and uniform provider. Drexel has...
09 Feb Kohl’s Names New Chief Merchant
Kohl’s has named 25-year retail veteran Nick Jones as chief merchandising and digital officer, reporting directly to CEO Tom Kingsbury, effective in March. In this...
09 Feb Designer Brands Acquires Keds From Wolverine Worldwide
Designer Brands, the parent of DSW, reported it acquired Keds from Wolverine Worldwide. The company also expanded its agreement with Hush Puppies to include U.S....
02 Feb Black Diamond Equipment Appoints New Brand President
Black Diamond, Equipment, Ltd., a subsidiary of Clarus Corp., appointed Neil Fiske as brand president. Fiske is responsible for “accelerating growth and increasing profitability by capitalizing on...
01 Feb Nike To Open Store In Tigard
Nike plans to open a store in Tigard, OR, a suburb of Portland, at the Bridgeport Village lifestyle center. According to the Portland Business Journal, Nike will open...