Shoe Carnival will convert 175 stores to the Shoe Station banner. Courtesy of Shoe Carnival Shoe Carnival is doubling down on its Shoe Station banner this year as the company looks to capitalize on the chain’s success in fiscal 2024. The retailer is implementing a long-term strategy to “rapidly scale up” Shoe Station, which it […]
Designer Brands Inc. plans to grow its private label category, which is currently sold at its DSW banner. Bruce Bennett/Getty Images Designer Brands Inc. has its eyes on product, product and more product. The company is leaning more into athleisure as part of some anticipated changes to its assortment mix. And its eyeing private label […]
March 20, 2025 5:06 pm The Nike Vomero 18. Courtesy of Nike Shares of Nike ticked up nearly 3 percent after market close on Thursday as the brand reported a smaller-than-expected drop in third quarter sales. Net income at the Beaverton, Ore.-based company in Q3 was $794 million, down 32 percent from $1.2 billion in […]
The new Merrell SpeedARC Surge Boa sneaker. Courtesy of Merrell Shares for Wolverine Worldwide dropped nearly 17 percent by the closing bell on Wednesday following the company’s full year results and 2025 outlook. The Rockford, Mich.-based footwear company said total revenue in the fourth quarter of 2024 was $494.7 million, down 6.1 percent from $526.7 […]
Outside of Puma’s BLVD Las Vegas flagship. Brenton Ho Puma is implementing a cost savings plan after reporting lower than expected fourth-quarter sales and a drop in annual profit in its latest preliminary results. On Wednesday, the German athletic company reported that currency adjusted sales in Q4 of 2024 grew 9.8 percent to 2.29 billion […]
ANTWERP, BELGIUM – 2024/02/15: Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. (Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Analysts are cautiously optimistic about Nike ahead of the brand’s second quarter earnings report on Thursday. Nike, […]
CREDIT: Courtesy of Salomon / Joe Hale Amer Sports, Inc. raised its guidance for fiscal year 2024 after posting strong Q3 results and announced a new chief executive officer and president for its Salomon brand. The public Finnish company, which also owns the Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 17 percent increase in sales […]
Hoka’s Mach X 2 CREDIT: Courtesy of Hoka Hoka remains in the spotlight as Deckers Brands declares a major milestone for its star running brand. Stefano Caroti, president and chief executive officer of Deckers Brands, told analysts on the company’s second quarter earnings call on Thursday that Hoka eclipsed $2 billion in revenue over the […]
Caleres is lowering its yearly guidance following a reported sales below its expectations in the second quarter. According to the St. Louis-based footwear company, net sales in the second quarter of 2024 were $683.3 million, down 1.8 percent from $695.5 million in the second quarter of 2023. Net earnings in the period were 30.0 million, […]
Foot Locker is touting a “less is more” approach to rebuild its business.In addition to moving its global headquarters to St. Petersburg, Fla. from New York City in 2025, Foot Locker said this week it would shut down its stores and e-commerce operations in South Korea, Denmark, Norway and Sweden. The contraction comes on the […]