January 11, 2021
The small market operator stuck with its guidance for high-single- to low-double-digit comps in the final quarter of 2020, touching on a variety of topics in a broad-ranging round table discussion with analysts at the ICR investor conference.
Crocs said that revenues in the fourth quarter came in well above expectations and provided initial 2021 revenue guidance for 20% to 25% growth at the ICR investor conference.
Genesco reported a 5% drop in Holiday sales for its Journeys banner in the eight weeks ended Dec. 26, with comps down 4%, but both metrics were better sequentially than the -10% sales and -6% comp it turned in for the third quarter.
Tilly’s said that sales came in at $148.7 million for the nine-week period ending Jan. 4, up 3% from $143.9 million last year, in pre-announcing its Holiday 2020 results ahead of the ICR conference.
Caleres said that its Brand Portfolio segment is still lagging behind Famous Footwear, but it declined to provide Holiday revenue details for either segment, in a round table discussion at the ICR conference.
VFC is moving its operations for the region, including its brand operations and its product supply hub, out of Hong Kong to Shanghai and Singapore, respectively, in a 12- to 18-month-long transition beginning in Apr. 2021.
After seeing weak traffic over Thanksgiving weekend at the start of Holiday, LULU said it was pleased with its momentum through the season, and now expects fourth quarter revenue to come in at the high end of its mid-to-high teens guidance.
JD Sports said that robust sales during the Holiday season sent comp sales for the 22 weeks ended Jan. 2 up more than 5%, and it now expects full year EBIT of at least £400 million ($540 mm).
Comparable sales increased 1.7% for the 10 weeks ended Jan. 9, but total sales declined 0.7% over the same period, blamed on store closures and occupancy restrictions due to the Covid-19 resurgence.
The former lulunatic joined Vancouver-based Native in 2017 as president, after eight years at LULU where he was most recently VP & GM for Australia & New Zealand.