Net earnings attributable to shareholders declined 78% to $6,713,000 from $29,958,000 on sales that were down 4% to $658,519,000 from $683,317,000 for the second quarter, with both Famous Footwear and Brand Portfolio segments dropping. Famous sales dipped 5% to $399.6 million, with comps down 3.4% as athletic came in nearly flat and fashion declined. Men’s posted the strongest results, while kids’ were in line with the overall trend, and women’s declined the most. E-commerce was up double-digits.
Jordan made its launch in-store and online for Back-to-School, quickly landing in the top 10 ... Log in to view full article.