Nordstrom’s sales and profits dipped in the third quarter as the company worked through inventory excesses and a decline in consumer demand. The department store retailer reported total revenues of $3.5 billion in Q3, down 2.9% from the same time last year. Net loss was $20 million, or $0.13 loss per diluted share. Adjusted earnings […]
FN keeps track of all of our earnings coverage for retailers and footwear companies here. Nov.18, 2022: Foot Locker, Inc. (FL) Earnings: Net income in the third quarter of 2022 was $96 million, or $1.01 per share, down from $158 million, or $1.52 per share, the same time last year. Sales: Total sales decreased by 0.7%, to $2.173 billion, compared […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. Nov. 18, 2022: H&M is opening a brand-new store experience in Brooklyn. Located in the heart of the Williamsburg neighborhood at 92 N. 6th Street, the over 7,000 square foot space opens […]
With more than 25 years of retail experience at Von Maur, Melody Wright has a unique perspective on the company’s growth trajectory. The executive started out on the sales floor in 1996, which she said was crucial to climbing up the ladder. And indeed, over the years, she’s held various leadership positions at the company, […]
Through two world wars, the Great Depression, recessions, massive retail consolidation and the rise of the internet and alternative shopping, the 150-year-old Von Maur has managed to survive and slowly grow through its 150-year history. The key to its longevity: operating pleasant, stress-free, easy-to-shop department stores; selectively opening and closing stores; maintaining a relatively large […]
“I’m not into buzzwords or terms companies use to keep Wall Street happy,” said Jim von Maur, president and CEO of Von Maur and the retailer’s fourth-generation leader. When talking strategy, “digital-first” or the metaverse aren’t part of von Maur’s conversation. It’s more about “blocking and tackling,” bricks-and-mortar and service. And he seems dubious about […]
Nov. 8, 2022: Adidas and Yohji Yamamoto are closing out their “20 Years: Recoded” celebrations in subversive fashion – collaborating with Palace on a selection of apparel, accessories, and footwear. Apparel highlights include a reversible souvenir jacket, a reversible puffer jacket, a graphic football tee, a custom track top and track pants, a nylon wool coach jacket and matching pants, […]
See all the season’s biggest marketing moves, from ad campaigns and digital initiatives to major ambassador partnerships. Got some news to share? Send it to [email protected]. Nov. 8, 2022: Ferragamo has unveiled a new virtual space dubbed “The World of Ferragamo.” The space is described by the Italian luxury brand as an immersive journey through an […]
FN keeps track of all of our earnings coverage for retailers and footwear companies here. Nov. 8, 2022: Allbirds, Inc. (BIRD) Earnings: Net loss was $25.2 million in the third quarter of 2022 compared to $13.8 million in the third quarter of 2021, and net loss margin was 35.0% compared to 22.0% in the third quarter of 2021. Sales: Net […]
Retailers expect a busy holiday season the next two months, but imports at the nation’s major container ports should continue to slow from records set earlier in the year, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates. According to the report, U.S. ports covered […]