August 28, 2024 Foot Locker Comps Improve, Margins Expand in Q2
Big Foot chief Mary Dillon said that its Lace Up Plan made incremental progress in the second quarter, and revealed additional plans to streamline FL’s international business that will see about 30 additional stores closed or transferred to licensees by mid-2025. Shenzhou Int’l. Sees Apparel Demand Coming Back
Net income was up 38% at the Chinese apparel maker for the first half ended June 30, hitting an H1 record RMB 2,931,028,000 ($410.3 mm) compared to RMB 2,126,829,000 in the prior year, as revenue gained 12% to RMB 12,975,971,000 ($1,816.6 mm) over RMB 11,561,962,000. Kohl’s Gets Active Boost in Q2
The mass merchant said its active brands returned to growth in the second quarter, led by low-double-digit gains from its FLX and Tek Gear owned brands, and improving sales from Nike, Skechers, Columbia and Eddie Bauer. Puma Appoints Indrajeet Sen as Sourcing Chief
Sen was named SVP of Puma Group sourcing, taking over the operational responsibilities of chief sourcing officer Anne-Laure Descours, who has decided not to extend her board contract past the end of 2024. Sports Direct Parent Invests in Aussie Retailer
U.K.-based Frasers Group revealed that it has made a 14.65% strategic investment in Accent Group Limited, which distributes and operates stores in Australia and New Zealand for brands including Skechers, Hoka, UGG, Vans and The Athlete’s Foot.
The retailer’s information systems were accessed by an unauthorized third-party, DKS revealed in an SEC filing, including certain unspecified confidential information. Etcetera: Fanatics, Nike, Selkirk Sport, Under Armour, Taylor’s & Company
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