Ross Stores Inc. reported earnings per share for the 13 weeks ended February 1, 2020, grew 7 percent to $1.28 on net income of $456 million. Sales for the fourth quarter of 2019 were $4.4 billion, with comparable-store sales up 4 percent on top of...
The Footwear Distributors & Retailers of America (FDRA), America’s largest and most respected footwear trade association representing 90 percent of the entire industry, applauded the introduction of bipartisan legislation in Congress to combat the surge of counterfeits sold through e-commerce platforms. The Stopping Harmful Offers...
Vans has promoted David Tichiaz to general manager of Vans Americas, the brand’s parent company, VF Corp., confirmed to SGB Media on Tuesday. Tichiaz replaces Mitch Whitaker, who was appointed to the newly created role of vice president and managing director, VF Japan. Tichiaz formerly was vice...
According to a survey from Coresight Research, nearly three-quarters of U.S. consumers would stay away from malls or shopping centers if the coronavirus outbreak worsens in the U.S. Some 58 percent of consumers surveyed this week said they will likely avoid public spaces overall or travel...
Nike closed its Oregon headquarters over the weekend and is closing its European headquarters in Amsterdam on Monday and Tuesday for deep cleaning in response to the coronavirus outbreak. Columbia Sportswear, also over the weekend, thoroughly disinfected its offices in Portland, OR. The move to sanitize Nike’s...
Two Ten Footwear Foundation, the national charitable foundation of the U.S. footwear industry, recently announced the appointment of a new Chief Executive Officer for the organization....
Remington Products Company announced it has recently acquired the Foot Petals brand from RG Barry Corp. Foot Petals is a designer brand of foot cushions and inserts including ball-of-foot, back of heel and arch cushions....
Crocs, Inc. reported earnings in the fourth quarter that topped Wall Street’s targets as sales expanded 21.8 percent to cap off a strong year. Crocs officials, however, warned that sales in the first quarter would be hurt by $20 million to $30 million due to...
Acushnet Holdings Corp., the parent of Titleist, reported net income rose 57.0 percent in the fourth quarter on a 7.3 percent sales gain. Net earnings rose 21.2 percent in the year on a 2.9 percent sales increase....
VF Corp. announced the closing of its €500 million green bond offering, representing the first green bond issued in the apparel and footwear industry. The amount equivalent to the net proceeds from the offering will be used to advance programs within the company’s Made for...