Apparel Resources’ Post

Shares of DICK'S Sporting Goods soared on Thursday morning after the retailer reported sales and earnings figures that crushed expectations. In the fourth quarter, the sporting goods store’s revenues were $3.88 billion, up 7.8 percent from the same quarter last year and ahead of the $3.8 billion expected by analysts surveyed by Yahoo Finance. Non-GAAP earnings per diluted share were $3.85, up 31 percent from last year and ahead of the $3.35 analysts were looking for. Comparable store sales were up 2.8 percent, with growth across footwear as well as apparel.

Skechers crushed Q3, posting record sales. The global footwear brand’s net sales rose 15.9% to  a new quarterly record of $2.35 billion, topping estimates of $2.31 billion, for the period ended Sept. 30. Domestic net sales were up 15.3%, while international sales increased 16.4%. By channel, direct-to-consumer sales increased 9.6%. Wholesale sales jumped 20.6%. It's my opnion that Skechers is often overlooked as a retailer and in the sneaker category. CFO John Vandemore notes that the company is on target to hit 10B, yes billion, in sales by 2026. “Skechers’ record third-quarter financial performance underscores the strength of our global diversification and demand for our distinctive value proposition." “These results reinforce our confidence in achieving our goal of $10 billion in sales by 2026 and continued growth thereafter The company continues to build their technical performance business including a recent endorsement deal with National Basketball Association (NBA) Superstar Joel Embid. The future continues to grow brighter for the company with an amazing corporate office location, Manhattan Beach, California. #retail #retailnews #retailtrends #cre #dtc #sneakers #chainstoreage https://lnkd.in/eBRAFrvH

US omnichannel retailer Kohl's has revised its net sales and diluted EPS guidance for the full year 2024 as sales in apparel and footwear business remained soft. https://buff.ly/4ghFPZ7 #apparelretail #ceo #Q3

Turkish textile-clothing-footwear retail sales volume increased by 2.5% YoY in April, while wholesale trade sales volume increased by 4.5% YoY and decreased by 5.7%. Retail trade sales volume increased by 10.2% YoY and decreased by 1.8%. The retail sales volume of textiles, clothing, and footwear increased by 1.5% YoY and fell by 1.5% MoM

Shares for Skechers USA Inc. jumped nearly 10 percent in after-hours trading on Thursday following the company’s record third-quarter earnings. The Manhattan Beach, Calif.-based footwear company reported Q3 sales of $2.35 billion, a 15.9 percent increase from $2 billion in the same period last year. Net earnings were $193.2 million and diluted earnings per share were $1.26, compared with prior-year net earnings of $145.4 million and diluted earnings per share of 93 cents.

RetailStat Analysis: Kohl's Struggles Amid Eroding Sales and Leadership Transition Kohl’s continues to grapple with declining performance, reporting a 9.3% drop in Q3 comps and slashing its FY24 outlook. While beauty (+15%) and home categories saw gains, core apparel and footwear sales remain a significant challenge. With Ashley Buchanan set to take over as CEO in January, Kohl’s faces critical decisions around merchandising, store presentation, and navigating fierce competition from online giants and off-price retailers. What does the future hold for Kohl’s as it enters the holiday season? 📊 Download the full report, written by RetailStat Analyst Michael Blackburn, at https://lnkd.in/e-Auu-8h #RetailTrends #Kohls #LeadershipChange #RetailAnalysis #EarningsUpdate #RetailInsights

Dick’s Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear. Dick’s Sporting Goods raised its full-year guidance after shoppers spent more on new sneakers and athletic gear at its big-box stores. The company’s comparable sales grew 5.3%, well ahead of the 2.4% uptick that analysts had expected. The footwear and apparel markets have been sluggish over the last year but are beginning to show some signs of life. $DKS https://lnkd.in/eu2NUAKn #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables

Second quarter sales at Skechers increased 7.2 percent to 2.16 billion dollars as a result of a 6.9 percent increase internationally and a 7.7 percent increase domestically. On a constant currency basis, sales increased 8.7 percent. For the third quarter of 2024, the company expects to achieve sales between 2.30 and 2.35 billion dollars and diluted earnings per share between 1.10 dollars and 1.15 dollars. For the fiscal year 2024, it expects to achieve sales between 8.875 and 8.975 billion dollars and diluted earnings per share of between 4.08 dollars and 4.18 dollars. “Skechers achieved a new second quarter sales record of 2.16 billion dollars driven by the strong demand for our diverse portfolio of comfortable and innovative footwear,” said David Weinberg, chief operating officer of Skechers.

US specialty apparel, footwear, and gear retailer Zumiez has registered a net sales increment of 2.9%, ascending from $216.33m to $222.47m for the third quarter of fiscal year 2024, fuelled by the growth seen in its North American business. https://buff.ly/3ZCZmMN #q3 #zumiez

RetailStat Analysis: Kohl's Struggles Amid Eroding Sales and Leadership Transition Kohl’s continues to grapple with declining performance, reporting a 9.3% drop in Q3 comps and slashing its FY24 outlook. While beauty (+15%) and home categories saw gains, core apparel and footwear sales remain a significant challenge. With Ashley Buchanan set to take over as CEO in January, Kohl’s faces critical decisions around merchandising, store presentation, and navigating fierce competition from online giants and off-price retailers. What does the future hold for Kohl’s as it enters the holiday season? 📊 Download the full report, written by RetailStat Analyst Michael Blackburn retailstat.com. #RetailTrends #Kohls #LeadershipChange #RetailAnalysis #EarningsUpdate #RetailInsights