Digital Sales Surge Fuels Nike Earnings Beat
“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."
Adidas to Close Robot-Staffed ‘Speedfactories’
The company had seen the two futuristic shoe plants in Germany and the U.S. as a way to "reinvent manufacturing."
Payless to File Bankruptcy, Shutter U.S. Stores
A Chapter 11 filing would be the second for the shoe retailer in less than two years amid heavy debt and online competition.
Foot Locker Shares Dive on Q2 Sales Miss
Same-store sales rose only 0.5% but the company remains confident it will deliver stronger growth in the second half of 2018.
Under Armour Rebounds With 5% Sales Jump
After a tough Q3, a 47% surge in international sales helped revenue beat estimates in Q4 but North America showed another decline.
Foot Locker Beats Estimates, Stock Climbs 26%
The struggling retailer's key metrics all declined in Q3 but Wall Street was expecting a "much more severe fall from grace."
Under Armour Shares Dive as U.S. Sales Slump
The company's "days of glory, when it would post double-digit uplifts in sales, are over," one analyst says.
Aerosoles Joins Retail’s Bankruptcy Parade
The footwear chain plans to significantly reduce its store count as it focuses on its wholesale and e-commerce channels.
Finish Line Stock Dives on Earnings Warning
The footwear retailer says Q2 earnings will come in much lower than expected as it adopts an anti-takeover "poison pill."