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DSW Sees Challenging Holiday Period
DSW Inc. reported third-quarter earnings fell 20.7 percent to $39.3 million, or 44 cents a share, in line with a recent updated guidance. “There are three primary reasons for our disappointing sales results in the third quarter: Weather, a weak macro environment, and some areas where we did not execute as well as we could have,” said MacDonald on a conference call with analysts...
Quiksilver Forecast Says Growth Won't Resume Until FY'17
Quiksilver Inc. expects to emerge from bankruptcy Feb. 1, 2016 nearly a quarter smaller than a year ago and does not expect sales to resume growing until fiscal 2017, according to documents filed by the company and its financial patron in bankruptcy court last week...(11/24/2015)
Athletic Styles Help Boost Famous Footwear Same-Store Sales Up 4.4 Percent
Caleres (NYSE:CAL), the owner of Famous Footwear stores and numerous shoe brands including Dr. Scholl’s and LifeStride, reported a dip in sales, but higher profits as it managed to navigate a challenging third quarter for retail due to warmer-than-normal weather.
Foot Locker Finds No Weather Woes
Led by running lifestyle silhouettes, Foot Locker Inc. reported that excluding a special charge related to litigation, earnings jumped 17 percent in the third quarter to $141 million, or 20 cents a share. Results easily exceeded Wall Street's consensus estimate of 94 cents a share. The robust earnings arrived in the same week Dick’s Sporting Goods cut its full-year outlook...(11/20/2015)
Retailers Spreading Out Holiday Promotions
While consumers have become accustom to Christmas decorations in stores the first week in November, they’re also now seeing earlier holiday promotions and discounts, previously reserved for Black Friday...(11/20/2015)
Trade Groups Find No Surprises in Full TPP Text
A week after the Obama Administration released the full text for the Trans Pacific Partnership, industry trade groups say they’ve discovered no surprises...(11/20/2015)
Duluth Trading Co. IPO Prices Below Expectations
Duluth Holdings Inc. priced its IPO at $12 a share Friday morning, below the $14 to $16 range the company was targeting two weeks ago. Unlike many tech companies, however, the workwear and casual lifestyle brand got 'er done...(11/20/2015)
Hibbett Sports Holds Margins on Modest Comp Growth
Hibbett Sports Inc. net sales increased 4.6 percent to $228.3 million in the third quarter ended Oct. 31 on a 0.6 percent increase in comparable store sales compared with the third quarter a year ago...(11/20/2015)