August 24, 2018 Foot Locker Net Gains As U.S. Business Strengthens
Although Europe remains a weak spot in its global picture, some solid gains in the core U.S. market have Big Foot feeling like its momentum is back as it reported net income of $88 million for the second quarter ended Aug. 4, up 73% from $51 million last year, with sales up 5% to $1,782 million from $1,701 million. Hibbett Stumbles with Surprise Q2 Loss
The net loss was $1,222,000 against a loss of $3,176,000 in the second quarter ended Aug. 4 as sales increased 12% to $211,123,000 from $187,958,000 with comps up 4.1%, lapping last year’s disastrous -11.7% comp. Athleta Momentum Continues Towards $1 Billion
Athleta and Intermix sales increased 14% to $264 million in the second quarter with double-digit comps, and the Gap-owned women’s athletic chain opened seven more stores, ending with 154 locations. Deckers Sues Pink Label over Boot Design
The Ugg parent says that Pink Label is knocking off its Bailey Button Boot trade dress with a similarly styled boot. Etcetera: Shoe Carnival, L.L.Bean
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