footwear Archives - CFO

Allbirds Soars 93% in Stock Market Debut

Allbirds Soars 93% in Stock Market Debut

Investors were “really attracted by the opportunity to put their capital against a great opportunity to create outcomes that are better for the planet.”

By Matthew Heller | November 3, 2021

Digital Sales Surge Fuels Nike Earnings Beat

Financial Performance

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."

By Matthew Heller | September 23, 2020

Adidas to Close Robot-Staffed ‘Speedfactories’

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."

By Matthew Heller | November 11, 2019

Payless to File Bankruptcy, Shutter U.S. Stores

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.

By Matthew Heller | February 18, 2019

Foot Locker Shares Dive on Q2 Sales Miss

Financial Performance

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.

By Matthew Heller | August 24, 2018

Under Armour Rebounds With 5% Sales Jump

Financial Performance

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.

By Matthew Heller | February 13, 2018

Foot Locker Beats Estimates, Stock Climbs 26%

Financial Performance

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."

By Matthew Heller | November 17, 2017

Under Armour Shares Dive as U.S. Sales Slump

Financial Performance

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.

By Matthew Heller | November 1, 2017

Aerosoles Joins Retail’s Bankruptcy Parade

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.

By Matthew Heller | September 15, 2017

Finish Line Stock Dives on Earnings Warning

Financial Performance

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."

By Matthew Heller | August 29, 2017

Foot Locker Shares Dive on Big Earnings Miss

Financial Performance

Foot Locker Shares Dive on Big Earnings Miss

The company's CEO faults its suppliers for its Q2 results, saying there was "limited availability of innovative new products in the market."

By Matthew Heller | August 21, 2017