“We experienced early headwinds in the quarter, with February posting a negative high-single-digit comp due to impacts from weather-related closures, port delays and a shift in the timing of tax refunds," said the Hibbett Sports President and Chief Executive Officer Jeff Rosenthal. "We were pleased...
Tonight the U.S. Senate passed the Bipartisan Congressional Trade Priorities and Accountability Act (TPA-2015) by a vote of 62 to 37. The House of Representatives will now consider the TPA-2015 bill along with several other trade measures passed by the Senate. FDRA sent a letter...
Foot Locker, Inc.'s board of directors has elected Nicholas DiPaolo, previously its Lead Director, to the position of non-executive Chairman of the Board, effective today May 20, 2015. He succeeds Ken C. Hicks who, as previously announced, retired from the Company and the Board...
Cliff Sifford, President and CEO, stated, “We are pleased with our comparable store sales growth and our ability to deliver strong first quarter earnings. While the quarter started off very challenging due to adverse weather, with over 400 days of store closures, the consumer responded...
The AGOA plays a vital role in the development and support of a competitive U.S.-African textile, apparel and footwear trade partnership, according to a statement released by seven trade groups, including the Footwear Distributors and Retailers of America....
Nike Inc. announced its intention to accelerate investment in advanced footwear manufacturing in the United States, if a Trans-Pacific Partnership (TPA) is passed and finalized. In a statement put out Friday, hours before President Barack Obama is to speak at the company’s Beaverton, OR headquarters,...
Crocs Inc reported sales slumped 16.1 percent in the first quarter, to $262.2 million, in line with expectations. On a currency-neutral basis, revenue decreased 8 percent. The company showed a loss of $6.0 million, or 8 cents a share, against a profit of $6.4 million,...
The Chaco Fit for Adventure Tour kicks off its second run at the Dominion Riverrock festival in Richmond, VA, May 15-17. During this year’s tour, each stop will showcase a custom Chaco truck and trailer transformed into an immersive brand experience with product trials, a...
Keen welcomed seasoned footwear veteran Chris Heffernan as general manager of Keen Utility and Erin Simons' promotion to kids business unit director. Heffernan brings multiple years of brand management experience and more than 16 years in various leadership positions within the footwear industry. ...
Puma reported first-quarter profits fell 30 percent despite a 13 percent revenue gain. Sales grew 4.4 percent on currency-neutral terms. The company said its profit would be lower than expected in 2015 after the strong U.S. dollar hit its first-quarter earnings, adding plans to compensate...