“In our first quarter we outperformed sales expectations across all three of our brands: Macy’s, Bloomingdale’s and Bluemercury. We built on our momentum from the fourth quarter and our sales trend continued to improve throughout the first quarter,” said Jeff Gennette, chairman and chief executive...
At the Fila USA segment, sales rose to KRW132,284 million ($117 mm) from KRW106,149 million in the year-ago quarter. The segment includes Fila brand sales in the U.S., Canada and Mexico. The gains came against pandemic-impacted sales in the 2020 quarter. Against the 2019 quarter,...
Shoe Carnival Inc. reported earnings in the quarter ended January 30 came in significantly higher than Wall Street’s targets as sales more than doubled against a pandemic-depressed year-ago period. Comparable store sales increase of 125.8 percent and an all-time high store conversion rate was achieved....
Ross Stores Inc. reported earnings per share for the 13 weeks ended May 1, 2021 grew 17 percent to $1.34 on net income of $476 million. This compares to $1.15 per share or net earnings of $421 million for the 13 weeks ended May 4,...
Authentic Brands Group (ABG) last week submitted an offer of around $1 billion to acquire Reebok from Adidas, according to the New York Post. ABG reportedly plans to partner with Wolverine World Wide, the parent of Saucony, Merrell and Sperry, on the bid. The offer, according...
Wolverine World Wide Inc. lifted its annual guidance after reporting adjusted earnings grew 45 percent in the first quarter on a 16 percent sales gain. Merrell revenue grew nearly 25 percent, and Saucony revenue was up nearly 60 percent. “We believe 2021 will be a breakthrough...
Adidas’ Supervisory Board extended the appointment of Executive Board member Martin Shankland, responsible for Global Operations, by five years beyond 2022 until 2027. Martin Shankland has been a member of the Executive Board of Adidas AG since 2019. “I am very pleased to announce that Martin’s appointment...
Asics Corporation reported sales rose 24.8 percent in the first quarter. Sales in the North America region rose 20.1 percent on e-commerce gains and the region returned to profitability. Companywide, sales reached ¥106,549 million against ¥85,341 million a year ago. Asics said that despite the effects...
Puma has appointed Hubert Hinterseher as its new chief financial officer and Arne Freundt as its new chief commercial officer starting June 1. Hinterseher has been with Puma for 16 years, most recently as the global director of financial controlling. As CFO, he will be responsible for...
Adidas has launched the auction to sell its Reebok brand with the first round of bids to be submitted next week, according to a report from Reuters. On February 16, Adidas AG formally announced plans to divest its underperforming Reebok brand after announcing last December it...