Fila Holdings is wrapping up fiscal 2024 on a high note. According to the Seoul, South Korea-based company, it reported “robust” financial results for 2024, driven by the continued strength of its U.S. golf subsidiary Acushnet Holdings Corp., favorable currency exchange rates and improved cost management. For the year, the company saw consolidated revenue reach…
Academy Sports + Outdoors is expanding its Nike partnership and adding the Jordan brand into 145 stores as well as online. The brand will begin to hit the sales floor at the end of April. But that isn’t the only newness that the retailer is bringing to the mix. The company also debuted the Converse…
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 year-ago period. Diluted earnings per share was 54 cents, a decrease…
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 as a margin driver for the 2025, as well as a rebuild of the foundation for its Vince Camuto and Lucky…
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 acquired in 2021, into a “national footwear and accessories leader.” The company noted that the…
Caleres shares were generally flat on Thursday morning after the company reported fourth-quarter earnings in line with its most recent guidance. The St. Louis-based footwear company said net earnings for the quarter were $4.9 million, or 15 cents a share, compared to net earnings of $55.8 million, or $1.57 a share in Q4 2023. Net…
Golden Goose continued to grow in 2024, boosted by the strong performance of its retail channel and growth in its main markets, the Europe, Middle East and Africa region, and the U.S. In the 12 months ended Dec. 31, revenues rose 13 percent to 654.6 million euros compared with 587 million euros in 2023. Figures…
Shares for Allbirds rose over 5 percent in after-market trading on Tuesday following the company’s latest earnings results. In the fourth quarter of fiscal 2024, the San Francisco-based company reported that net revenue decreased 22.4 percent to $55.9 million compared to $72.0 million in the same period last year. There was also a net loss…
Genesco president, chief executive officer and board chair Mimi Vaughn said on Friday that the company delivered a strong finish to the year with fourth quarter sales and gross margins exceeding expectations. According to the Nashville-based footwear company, total net sales in the fourth quarter of fiscal 2025 increased 1 percent to $746 million compared…
Foot Locker Inc. said on Wednesday that it delivered fourth quarter results above its previously revised expectations, as the company noted that investments and execution drove positive comparable sales and “meaningful” gross margin improvement compared to the prior year. According to the sneaker retailer, total sales in the fourth quarter of 2024 were $2.24 billion,…