“In terms of back-to-school shopping priorities, parents view footwear as one of the early must-haves for their children, because shoes don’t usually survive for a second year. Kids either outgrow or wear out their shoes each year, unlike other items such as backpacks and lunchboxes....
During the Leather and Footwear Fair in the central city of Leon, Mexican Finance Secretary Luis Videgaray said all footwear imports will be hit with a tariff equivalent to between 25 percent and 30 percent of their declared customs value. The package of measures nullifies...
Robert J. Dennis, chairman, president and chief executive officer of Genesco, said, "We are disappointed with our second quarter earnings performance. Solid comparable sales gains and a strong topline performance in our direct businesses were not enough to offset a sales and gross margin shortfall...
“Bob is truly an authority in this segment of specialty retail and I look forward to working closely with him in this new role,” said Bill Kirkendall, Running Specialty Group president. Wallace founded the premier retail chain RunOn! which was acquired by RSG in 2012....
Telsey Advisory Group raised their target price on shares of DSW (NYSE:DSW) from $30.00 to $34.00 in a research note issued on Wednesday. The firm currently has a "not rated" rating on the stock. Telsey Advisory Group's price objective indicates a potential upside of 9.71%...
The Clayton-based retailer reported an $18.1 million profit, or 41 cents a share, for the quarter that ended Aug. 2, up from $15.4 million, or 35 cents a share, a year earlier. Sales rose to $635.9 million, a 2.3 percent increase....
“Our second quarter results reflect the health of both our retail and wholesale businesses, as we continue to benefit from — and expand on — our portfolio realignment efforts,” said Diane Sullivan, CEO, president and chairman of Brown Shoe Company. “At Famous Footwear, our focus...
The National Retail Federation has estimated that back-to-school shopping will increase about 5 percent over last year, with parents spending an average of $670 per child, including clothes, shoes, school supplies and electronics. The average for elementary students is about $100 less than for students...
Shares of DSW were up by more than 9 percent in early morning trading as the Columbus-based footwear and accessories retailer posted second-quarter results that beat Wall Street expectations....
“While two-thirds of men say they shop for replacement shoes only, much of the success that the men’s market has experienced over the past couple of years is due to the fact that men are becoming more interested in style and trends,” said Marshal Cohen,...