November 19, 2020 Famous Footwear Dips 12% in Q3, but Caleres’ Other Brands Fall 26%
Famous’ parent Caleres returned to the black in Q3 with net income of $14,417,000, down 48% from last year’s $27,987,000 but a significant improvement from Q2, on revenues that were down 18% to $647,480,000 from $792,375,000. Delta Apparel Finishes FY20 with Sales, Profit Gains
Net income attributable to shareholders gained 41% to $4,969,000 in the fiscal final quarter ended Oct. 3 from $3,523,000 last year on revenues that were up 8% to $116,684,000 from $107,957,000 with gains across products and channels. Vulcabras Gets Boost from Under Armour in Q3
Net income grew by 4% to BRL 43,419,000 ($8.0 mm) in the third quarter from BRL 41,807,000 last year, as revenues increased 7% to BRL 382,856,000 ($70.9 mm) from $359,355,000. Brooks Running Sales Improve 49% in Q3
While the Berkshire-Hathaway-owned running brand does not formally report financial results, Brooks said that it expects 2020 sales to grow 27% year-over-year, as strong demand for running has been buoyed by the Covid-19 pandemic. Nike Debuts Unite Retail Concept
Nike Unite is the fourth retail format introduced by the Eager Beavertons since it launched its consumer direct offense aimed at capturing a greater percentage of Swoosh customers for itself. Under Armour Exits University of Cincinnati Early
The company will pay a $9.75 million fee to the school and continued to supply $3.65 million worth of apparel and gear through the end of the school year, to terminate its sponsorship four years early, according to multiple sources. GoPro Sets Convertible Note Offering
The action camera maker is offering $125 million in aggregate principal amount of 1.25% convertible senior notes due in 2025, in a private placement to institutional buyers. Etcetera: Fanatics, Lululemon, Ugg
|