Day: March 20, 2025
Academy Sports Eyes Launches from Jordan and Converse After Mixed Q4
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…
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Nike CEO Elliott Hill Is Confident Company Is On the ‘Right Path’ Following Q3 Results
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…
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Athleisure Plays Bigger Role in Assortment Mix at Designer Brands
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…
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Shoe Carnival Plots ‘Rapid’ Growth Strategy For Shoe Station Banner as It Reports Q4 Earnings
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…
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Caleres’ Jay Schmidt Says Company Grew Sneaker Penetration and Women’s Fashion Shoes in Q4, But Firm Cautious on 2025
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…
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