JD Sports Fashion, which owns Finish Line, DTLR Villa and Shoe Palace in the U.S., on Wednesday, raised its annual profit forecast for the second time in four months. Total revenues for the twenty-two-week period ended January in the Group’s same-store businesses were more than 10...
Crocs Inc. announced it expects record 2021 revenues with approximately 67 percent growth compared to 2020. “2021 proved to be an exceptional year for the Crocs brand, highlighted by expected 67 percent revenue growth amidst a challenging global supply chain environment,” said Andrew Rees, Chief Executive...
After a year of unprecedented increases, imports at the nation’s major retail container ports are expected to return to normal growth rates in 2022, but volumes will remain high, according to the monthly Global Port Tracker report* released by the National Retail Federation and Hackett...
According to Mastercard SpendingPulse, holiday retail sales, excluding automotive, increased 8.5 percent year-over-year this holiday season, running from November 1 through December 24. Notably, online sales grew 11.0 percent compared to the same period last year, its preliminary insights show. Mastercard SpendingPulse measures in-store and online...
Dr. Martens PLC reported sales grew 16 percent in the first half through September 30 and gained 24 percent on a currency-neutral basis. Sales reached £369.9 million against £318.2 million a year ago. By region, performances were as expected with continued strong Americas growth, up 57 percent...
In a statement, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said the COVID-19 Omicron variant brings uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns. “Even with the experience of the past two years,...
Gildan Activewear Inc. announced that through one of its wholly-owned subsidiaries it has acquired 100 percent of the equity interests of Phoenix Sanford, LLC, the parent company of Frontier Yarns for a total cash consideration of approximately $168 million. Frontier is a producer of 100 percent...
Nike has made its first name, image and likeness (NIL) deal with a college athlete, signing UCLA women’s soccer player Reilyn Turner. As part of the sponsorship, the sophomore forward and Nike will “team up to work with Los Angeles-based community partners,” to encourage young girls...
Retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and COVID-19, the National Retail Federation said. “Despite economic headwinds, November retail sales data confirms that consumers continue to spend, as demonstrated...
Shoe Carnival, Inc. announced that it had acquired substantially all of the privately-held, family-owned Shoe Station, Inc., which operates 21 stores in five Southeastern states. Shoe Carnival acquired its assets for $67 million, subject to customary adjustments, funded through cash on hand. “We are excited to...