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Foot Locker Inc

US Q1 in brief – Foot Locker, Macy's, Ross Stores

22 May 2020 | just-style

In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Ross Stores reported its first quarterly operating loss in more than 30 years, Macy's saw a "precipitous decline" in sales, and TJX Companies sales more than halved.... read more


US Q4 in brief – Boot Barn Holdings, VF Corp, PVH Corp

21 May 2020 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has posted a fall in both earnings and revenue, while VF Corp and PVH Corp have both reported a net loss. Elsewhere, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall.  ... read more


US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco

5 February 2020 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. ... read more


US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores

1 November 2019 | just-style

In the latest second-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered what CEO Jim Conroy called an "outstanding" second-quarter, VF Corp has reaffirmed its full-year outlook, and Oxford Industries has posted its tenth consecutive quarter of consolidated comparable sales growth. Elsewhere, Genesco moved to a profit, while G-III Apparel Group has revised its full-year guidance in the wake of Trump's latest tariff hike. ... read more


Foot Locker invests $3m in e-commerce platform NTWRK

27 September 2019 | Beth Wright

US sportswear retailer Foot Locker has announced a US$3m investment in youth culture e-commerce and content platform NTWRK.... read more


US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands

1 August 2019 | just-style

In the latest first-quarter filings from US apparel and footwear brands and retailers, VF Corp has raised its fiscal 2020 outlook, Cherokee Global Brands booked a mixed first quarter and announced it will officially rebrand to Apex Global Brands, Destination Maternity reported a challenging start to the year amid the news Marla Ryan will step down as CEO, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker. ... read more


Foot Locker invests $100m in trainer resale site

8 February 2019 | Beth Wright

Foot Locker Inc is to make a US$100m strategic investment in second-hand sneaker marketplace Goat Group, in a move it says will enable the two companies to provide an "unmatched" customer experience and elevate engagement across the entire trainer industry. ... read more


US Q3 in brief – Boot Barn Holdings, VF Corp

6 February 2019 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca's Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a "strong earnings performance", and Abercrombie booked its fifth consecutive quarter of positive comparable sales.... read more


Foot Locker invests $3m in retail start-up Super Heroic

4 January 2019 | Leonie Barrie

Athletic retailer Foot Locker Inc has taken a minority stake in innovative children’s footwear, and clothing business Super Heroic, an online startup founded by two former Nike executives.... read more


US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn

8 August 2018 | just-style

In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.... read more


US Q3 in brief – Deckers Brands, Boot Barn Holdings

6 February 2018 | just-style

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.... read more


Foot Locker takes stake in Carbon38 activewear

23 January 2018 | Michelle Russell

US athletic wear retailer Foot Locker has acquired a minority stake in women’s luxury activewear brand Carbon38 in a deal valued at US$15m.... read more


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding

22 September 2017 | just-style

In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.... read more


US Q1 in brief – Cherokee, The Finish Line, J Crew

10 July 2017 | Michelle Russell and Beth Wright

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. ... read more


US Q4 in brief – Cherokee, Vince Holding, Destination Maternity

15 May 2017 | Michelle Russell and Beth Wright

In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions. ... read more


US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears

9 December 2016 | Michelle Russell and Beth Wright

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.... read more


US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands

9 September 2016 | Michelle Russell and Beth Wright

In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. ... read more


Denim and athleisure top picks for back-to-school

18 August 2016 | Leonie Barrie

With the second-biggest shopping season of the year now underway, analysts are cautiously optimistic that back-to-school sales will provide a much-needed lift for US clothing retailers thanks to several key trends and well-controlled inventory levels.... read more


US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity

15 April 2016 | Michelle Russell

In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. ... read more


Foot Locker promotions to drive long-term growth

22 February 2016 | Katie Smith

Foot Locker has promoted Stephen Jacobs and Lewis Kimble in a move that will be a catalyst for the US sportswear and footwear retailer to deliver on its 2020 strategic initiatives.... read more


US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse

7 January 2016 | Michelle Russell and Katie Smith

In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. ... read more


US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree

25 September 2015 | Michelle Russell and Beth Wright

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. ... read more


What's in store for US apparel back-to-school sales?

4 September 2015 | Katie Smith

For the second year in a row, it seems consumers are being more restrained when it comes to back-to-school shopping. But with new fashions, a shift in spending away from electronics, and a more optimistic consumer, industry analysts are cautiously optimistic for clothing retailers.... read more


US Q1 in brief: Finish Line, Cherokee, Destination Maternity

26 June 2015 | Michelle Russell and Katie Smith

First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings. ... read more


Under Armour unveils newest retail presence

26 June 2015 | Leonie Barrie

Under Armour has unveiled its newest retail presence after teaming up with one of the largest mall-based specialty athletic footwear and apparel retailers in the US to launch a premium store-within-a-store concept.... read more


French Connection and Foot Locker “wage offenders”

24 March 2015 | Michelle Russell

French Connection and Foot Locker have become the latest firms to be named and shamed under a new scheme by the UK Government for paying workers less than the minimum wage.... read more


Foot Locker takes aim at US$10bn sales target

17 March 2015 | Richard Woodard

Specialist retailer Foot Locker has updated its long-term growth strategy, designed to deliver US$10bn in annual sales.... read more


Foot Locker grows Q4 earnings and sales

6 March 2015 | Michelle Russell

US speciality athletic retailer Foot Locker said it remains focused on executing its key strategies as it booked an increase in fourth-quarter earnings and sales.... read more


US labour concerns at Honduras apparel makers

3 March 2015 | Katie Smith

The US has raised “serious” concerns over worker rights in Honduras and the enforcement of labour laws under the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA), following a probe into working conditions at facilities, including apparel factories.... read more


Fashion brands facing strong dollar “headwind”

21 January 2015 | Richard Woodard

Global fashion brands based in the US could face an increasing headwind from a strong dollar, an analyst has warned.... read more


Burlington Stores ups guidance and switches CFO

12 January 2015 | Michelle Russell

Off-price apparel retailer Burlington Stores has upped its full-year and fourth-quarter outlook thanks to better-than-expected holiday sales, and announced the appointment of Marc Katz as its new finance chief.... read more


Foot Locker books "solid" Q3 profit

21 November 2014 | Katie Smith

US speciality athletic retailer Foot Locker has delivered a "solid" performance in the third-quarter, thanks to better than expected comparable store sales.... read more


Foot Locker appoints Johnson in CEO switch

4 November 2014 | Michelle Russell

US speciality athletic retailer Foot Locker has switched CEO, appointing company executive Richard Johnson to succeed outgoing chief Ken Hicks.... read more


Foot Locker first retailer to join European sports group

29 October 2014 | Michelle Russell

Foot Locker Europe has been confirmed as the first retailer to join the Federation of the European Sporting Goods Industry (FESI), with the firm's CEO Lew Kimble to serve on the board.... read more


US: Foot Locker achieves "record" Q2 results

22 August 2014 | Michelle Russell

US speciality athletic retailer Foot Locker has achieved what it claims are "record levels" of sales and profits in its second quarter.... read more


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