This Week's Top Footwear Updates,
Articles & Upcoming Events
Shoe-In hosts Matt & Andy talk about a company's worst nightmare, cyber attacks. Listen to find out best practices to protect your company from taking a hit from external threats.
"Effective CEOs are strategic decision-makers - shrewd calculators of the costs and benefits of possible actions. So it is tempting to see prominent CEOs who distance themselves from President Trump..."
"We remain resolute in our potential and ability to improve American manufacturing," said Plank in a Twitter posting. "However, Under Armour engages in innovation and sports, not politics."
Crocs, Inc. announced its disagreement with the decision recently issued by the United States Patent and Trademark Office ("USPTO") relating to one of its many design patents, as well as several subsequent and needlessly dramatic headlines, and its plans to appeal the ruling.
Payless ShoeSource Emerges From Bankruptcy Newswire Payless ShoeSource announced that it has successfully emerged from its Chapter 11 restructuring with substantial liquidity after eliminating in excess of $435 million in funded debt.
The transaction is expected to be completed early in the fourth quarter of this year and VF will pay Williamson-Dickie shareholders approximately $820 million in cash.
Consolidated same-store sales increased 0.1 percent, compared to the retailer's guidance of an approximate 2 percent to 3 percent increase. Second quarter 2016 consolidated same-store sales increased 2.8 percent.
Cherokee, Inc. has appointed Kimberly Doyle as director of financial reporting and internal controls. In this role, Doyle will be responsible for leading the European-based finance team in Amsterdam.
The TJX Companies, Inc. reported that net sales for the second quarter of Fiscal 2018 increased 6 percent to $8.4 billion and consolidated comparable store sales increased 3 percent on top of last year's 4 percent increase.
Wolverine Worldwide has appointed Stewart Whitney as Vice President and Managing Director - Asia Pacific. Stewart will report directly to the International Group President, Nick Ottenwess.
Walmart, Inc. net sales rose 2.1 percent to $123.36 billion in the fiscal second quarter ended July 29. Currency-neutral sales grew 2.9 percent.
Target Beats Fiscal Q2 Estimates; Ups Outlook
Target Corporation reported that second quarter sales increased 1.6 percent to $16.4 billion from $16.2 billion in Q2 last year, reflecting a 1.3 percent comparable sales increase combined with the benefit from sales in non-mature stores.
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Knitting to Foam to PU covered at the Footwear Materials Summit
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