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Why Clarks Opened Its First U.S. Cloudsteppers Concept Store in Corpus Christi
Yahoo Finance· 2025-12-15 19:09
After rolling out its first standalone Cloudsteppers stores internationally last month, the first U.S. location of Clarks’ latest concept shop has landed in Texas. Located inside the La Palmera Mall in Corpus Christi, Texas, the 1,255-square-foot store follows other openings of Clarks’ newest retail concept in the cities of Shah Alam and Kuala Lumpur in Malaysia in November. More from WWD For Peter Quirke, Clarks vice president of retail in the Americas who just returned to the States after visiting the ...
Next is potential investor for Russell & Bromley amid funding review
Yahoo Finance· 2025-12-15 12:10
Core Viewpoint - Next is exploring potential involvement with Russell & Bromley amid economic uncertainty and a funding review, with discussions taking place during the Christmas shopping season [1][3]. Group 1: Company Overview - Russell & Bromley is a 145-year-old company operating 37 stores and employing over 450 staff, led by Andrew Bromley, a fifth-generation family member [2]. - The company has introduced new footwear styles, including the Chester and Keeble loafers [2]. Group 2: Investment Considerations - Next has previously acquired several brands, indicating a potential interest in either a full acquisition or a minority investment in Russell & Bromley [3]. - Russell & Bromley is actively seeking investment opportunities to support its next stage of development [3][4]. Group 3: Financial Performance - In the third quarter ending October 25, Next reported a 10.5% year-on-year increase in full-price sales, exceeding guidance by £76 million ($100.44 million) [5]. - Following better-than-expected results, Next has raised its full-year profit forecast [4].
Shoe Carnival Declares Quarterly Cash Dividend and Announces New $50 Million Share Repurchase Program
Businesswire· 2025-12-12 11:10
Core Points - Shoe Carnival, Inc. announced a quarterly cash dividend of $0.15 per share, payable on January 26, 2026, to shareholders of record as of January 12, 2026 [1] - The Board of Directors also authorized a new share repurchase program for up to $50 million of its outstanding common stock [1]
Genesco (NYSE:GCO) 2025 Conference Transcript
2025-12-11 16:32
Summary of Genesco Conference Call Company Overview - **Company**: Genesco - **Industry**: Footwear Retail - **Brands**: Journeys, Schuh, Johnston & Murphy Key Insights on Consumer Trends - The consumer environment shows peaks and troughs, with shopping activity increasing during specific events like back-to-school, leading to record double-digit comps for Journeys [4][8] - There is a notable shift towards athletic footwear, with significant growth in athletic brands compared to casual ones [5][6] - The consumer is willing to spend more on desired products, reflected in the increase in average selling prices (ASPs) [4] Product Category Trends - Growth observed in casual and athletic brands, with a pronounced interest in athletic wear year-round [5] - Boots are seeing early signs of increased demand, although the performance is brand-specific [6] - A shift in consumer color preferences from white to brown athletic shoes has been noted [12] Financial Performance - Journeys achieved a 6% comp growth with over 50% increase in operating income, despite challenges from tariffs and promotional activities in Schuh [8][10] - The company is not a promotional retailer in the U.S., focusing on full-price selling due to strong product assortment [9] - In the U.K., a more promotional environment is anticipated due to weaker consumer demand and competition [10][11] Strategic Initiatives - **Journeys**: Focus on unique consumer positioning targeting the underserved teen girl market, expanding brand assortment, and introducing premium products [18][19] - **Johnston & Murphy**: Transitioning to a lifestyle brand with a focus on comfort and technology in products, alongside a new collaboration with Peyton Manning to boost brand awareness [38][40] - **Schuh**: Plans to enhance marketing and product positioning to improve performance in a challenging U.K. market [42][46] Marketing and Brand Awareness - Increased investment in brand marketing, including campaigns like "Life On Loud" to attract new customers [27][28] - The introduction of Nike into the Journeys assortment is expected to drive traffic and engagement [24][25] Operational Efficiency - The company has leveraged SG&A efficiencies, with plans to continue optimizing store productivity, particularly in Schuh [47][48] - Anticipated margin compression due to tariffs and promotional activities, with strategies in place to improve gross margins moving forward [51][52] Future Outlook - Priorities include continuing growth at Journeys, turning around Schuh, and expanding Johnston & Murphy [49][50] - The company sees potential for significant earnings growth through operational leverage and improved market positioning [53] Additional Insights - The opportunity for upside in the business model is highlighted as an underrated aspect of Genesco's story, with small improvements leading to substantial results [53]
Designer Brands Q3: A Clear EPS Beat, But Not Good Enough (NYSE:DBI)
Seeking Alpha· 2025-12-10 08:50
Core Insights - Designer Brands Inc. (DBI) reported fiscal Q3 results for the period of August to October, with earnings exceeding market expectations, resulting in a positive stock price reaction [1]. Financial Performance - The company's earnings beat expectations, which positively impacted its stock price [1]. Market Reaction - Following the earnings report, the stock experienced an upward movement, indicating investor confidence in the company's performance [1].
Here’s Why DSW Parent Company’s Stock Shot Up Nearly 50% on Tuesday
Yahoo Finance· 2025-12-09 21:38
Investors loved Designer Brands Inc.’s third quarter results, sending shares of the shoe retailer up nearly 48.5 percent in Tuesday’s trading session. Shares of Designer Brands ended the day’s trading session up $2.35 to close at $7.20. More from WWD Net income in the quarter ended Nov. 1 jumped 40 percent to $18.2 million on a net sales slip of 3.2 percent to $752.4 million. What was key in the quarter was the sequential improvement from the second quarter, indicating that strategic initiatives put in p ...
Designer Brands Shares Surge 31% After Earnings Crush Expectations
Financial Modeling Prep· 2025-12-09 21:21
Core Insights - Designer Brands Inc. shares surged over 31% intra-day following a strong third-quarter earnings report that exceeded expectations despite a slight revenue miss [1] - The company reported adjusted earnings of $0.38 per share, significantly higher than the consensus estimate of $0.15 [1] - Revenue for the quarter was $752.4 million, slightly below the expected $756.97 million and down 3.2% year-over-year [1] Financial Performance - Gross margin improved to 45.1%, up from 43.0% a year earlier, indicating better cost management and pricing strategies [2] - Comparable sales declined by 2.4%, but this represented an improvement compared to the previous quarter [2] Future Projections - For fiscal 2025, the company anticipates a net sales decline of 3% to 5% and projects adjusted operating profit between $50 million and $55 million [2] - Designer Brands declared a dividend of $0.05 per share for both Class A and Class B shares, scheduled for payment on December 19 [2]
Genesco Inc. to Present at 2025 KeyBanc Consumer Conference on December 11, 2025
Businesswire· 2025-12-09 21:15
Group 1 - Genesco Inc. will present at the 2025 KeyBanc Consumer Conference on December 11, 2025, at 10:30 a.m. Eastern time [1] - The presentation can be accessed through Genesco's investor relations page [1] Group 2 - Genesco Inc. is a footwear-focused company with over 1,240 retail stores and branded e-commerce websites [2] - The company operates distinct retail and lifestyle brands, including Journeys, Little Burgundy, Schuh, and Johnston & Murphy [2] - Genesco serves various demographics, including teens, kids, young adults, and affluent men and women in the U.S. and Canada [2] - The company was founded in 1924 and is based in Nashville, Tennessee [2]
Shares for DSW Parent Designer Brands Spike After Another Quarter of Sequential Improvement
Yahoo Finance· 2025-12-09 16:01
Designer Brands Inc. is showing sequential improvement again, and investors are thrilled. Shares of Designer Brands, which reported earnings before the markets opened, spiked up 31.1 percent, or $1.51, to $6.36 in Tuesday’s mid-morning trading session. More from WWD “Our third quarter performance represents another meaningful step forward in our transformation, as we demonstrated continued sequential improvement across multiple financial and operating metrics,” Designer Brands’ CEO Doug Howe said. Howe ...
Designer Brands(DBI) - 2026 Q3 - Earnings Call Transcript
2025-12-09 14:32
Designer Brands (NYSE:DBI) Q3 2026 Earnings Call December 09, 2025 08:30 AM ET Company ParticipantsDoug Howe - CEOAshley Furlan - Head of Investor RelationsMark Haley - Senior Vice President, Controller, Principal Accounting Officer and Principal Financial OfficerMauricio Serna - Executive DirectorOperatorOkay. And welcome to the Designer Brands Inc. Third Quarter 2025 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist ...