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January 11, 2021 Hibbett Sees Solid Holiday as it Navigates Pandemic
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 Blows Away Q4 Guidance with 55% Growth
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. Journeys Improves from Q3, but Still Comps Down
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 Holiday Sales Grow, Despite Weak Traffic
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 Sees Slow Improvement at Famous Footwear
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. VF Corp. Relocates Asia Pacific HQ from Hong Kong
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. Lululemon Updates Guidance after Holiday
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. Finish Line Parent Raises Guidance on Strong Holiday Sales
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). Zumiez Holiday Comps Increased 1.7%
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. Native Shoes Names Kyle Housman CEO
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. Etcetera: Lululemon, Giro, Club Champion, Clarus, Flaxta, Vista, Picture
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