May Retail Sales Unexpectedly Decline Amid Inflationary Pressures
Retail sales fell 0.3 percent in May from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.2...
16 June, 2022
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Designer Brands’ Q1 Sales Climb 18 Percent
Designer Brands Inc., the parent of DSW, reported sales grew 18.1 percent in the first quarter ended April 30 with same-store sales gaining 15.3 percent....
09 June, 2022
Amazon Fashion Introduces Virtual Try-On For Shoes
Amazon Fashion announced the launch of Virtual Try-On for Shoes, an interactive mobile experience that uses augmented reality to help customers visualize how a pair...
09 June, 2022
StockX Calls Nike Suit “Anticompetitive” Attempt To Stifle Resale Market
Sneaker marketplace StockX fired back Monday against Nike, Inc.’s claims that it sold counterfeit Nike shoes, telling a Manhattan Federal Court that the sneaker giant...
09 June, 2022
The Athlete’s Foot Owner Acquires Shoe City
Arklyz, the parent of The Athlete’s Foot (TAF), announced its acquisition of Shoe City, the Baltimore-based sneaker and streetwear lifestyle retail chain along with an...
02 June, 2022
Allbirds Expands Wholesale Distribution To Nordstrom
Nordstrom said it will start selling Allbirds in 14 select stores. In early May, Allbirds announced its first two retail partners— Public Lands, a banner...
02 June, 2022
Foot Locker Appoints Chief Strategy & Transformation Officer
Foot Locker, Inc. has appointed Neil Bansal as executive vice president, chief strategy and transformation officer, effective immediately. Bansal joins Foot Locker from Constellation Brands,...
02 June, 2022
NRF Says Economy ‘Being Rebalanced’ But ‘Extreme Cooling Off’ Seems Unlikely
The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will...
02 June, 2022
DSW Appoints President
Designer Brands, Inc. named Doug Howe as president, DSW Designer Shoe Warehouse, and executive vice president of Designer Brands, effective late May. As president of DSW, Howe will...
26 May, 2022
DSW Appoints President
Designer Brands, Inc. named Doug Howe as president, DSW Designer Shoe Warehouse, and executive vice president of Designer Brands, effective late May. As president of DSW, Howe will...
23 May, 2022
Foot Locker Beats Earnings Targets In First Quarter
Foot Locker reported first-quarter results declined against challenging year-ago comparisons, but earnings topped Wall Street estimates. Foot Locker now expects earnings and sales for the...
20 May, 2022
Shoe Carnival Lifts Earnings Outlook On Q1 Beat
Shoe Carnival, Inc. reported earnings and sales declined in the first quarter against challenging year-ago comparisons but were well above the pre-pandemic 2019 first quarter...
19 May, 2022
Patrick Frisk To Step Down From Under Armour As President And CEO
Under Armour, Inc. announced that Patrik Frisk will step down as president and CEO and as a member of its Board of Directors, effective June 1, 2022....
19 May, 2022
Wolverine World Wide Sees Q1 Revenue And Margins Top Expectations
Wolverine World Wide Inc. reported revenue and operating margin exceeded expectations in the first quarter ended April 2 as sales grew 20 percent. Excluding the...
12 May, 2022
Asics Sees 12 Percent Q1 Growth In North America
Asics reported that despite strong sales in North America, net sales decreased 1.1 percent to ¥105,329 million ($822 mm) due to production disruptions caused by...
12 May, 2022