• Loading stock data...
Wednesday, July 24, 2024
Join us this September for Tuned In Request to Attend

Sneaker Success

Foot Locker
Joe Rondone/The Commercial Appeal via Imagn
With sneakers a hot item this summer, Foot Locker’s second quarter sales increased 17.1%, to $2.077 billion, compared to the same period last year. Athletic footwear sales were down as much as 50% in March and April, but rebounded in May and were up 25% in June, according to NPD Group.

At the core of the company’s second quarter success was a 173% increase in sales from its direct-to-consumer channels, offsetting a 7.6% decline of in-store sales. DTC sales made up 33.2% of total sales, up from 14.3% in the same quarter last year.

While the company didn’t provide projections for the rest of 2020, the quarter was solid enough for the Foot Locker board of directors to reinstate its quarterly dividend program of $0.15 per share.

Notable earnings reports this week:

8/25: Anta Sports

8/26: Dick’s Sporting Goods

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 27, 2020; Washington, D.C., USA; A general view of an Adidas branded logo sign in front of an empty area of stands before the game between the D.C. United and the New England Revolution at Audi Field. Fans were not permitted to attend the game due to the novel coronavirus (COVID-19) pandemic.

Adidas–Bella Hadid Olympics Campaign Controversy: Everything to Know

Adidas navigates the fallout from a campaign commemorating the 1972 Munich Olympics.

A Year Into Josh Harris Era, Commanders Unable to Fully Break From Past

It’s been one year since Dan Snyder sold the Washington Commanders.

A ‘Seismic Shift’ for Women’s Sports: WNBA Lands $2.2 Billion Rights Deal

ESPN, Amazon, and NBC will pay the WNBA $200 million annually.
podcast thumbnail mobile
Front Office Sports Today

NFL’s 18-Game Season & Contract Holdouts, Olympics’ Newest Sport

0:00

Featured Today

The FTC Noncompete Ruling Could Change MMA As We Know It

Fighters could see their options—and earnings—grow.
July 21, 2024

O No Canada: The Next Big Sports Betting Scandal Could Erupt North of the Border

‘It’s open-season for match-fixing up there.’
July 20, 2024

The Road to the Return of ‘EA Sports College Football’

This summer, the biggest development in college sports is virtual.
Apr 15, 2024; Brooklyn, NY, USA; Caitlin Clark poses with WNBA commissioner Cathy Engelbert after being selected with the number one overall pick to the Indiana Fever during the 2024 WNBA Draft at the Brooklyn Academy of Music.
July 16, 2024

Women’s Sports Merch Is a $4 Billion Market, but Supply Isn’t Meeting Demand

Retailers can’t make women’s sports apparel fast enough.
Sponsored

MLS’ Chris Schlosser on Pioneering the Digital-First Sports League with AI

Chris Schlosser discusses MLS’s growth and digital transformation.
Sponsored

How Sportradar and the NBA are Partnering to Fuel Fan Engagement

How Sportradar and the NBA are utilizing data to enhance fan engagement
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
Oakland-A's
April 25, 2023

Oakland A’s Could Share Stadium with Triple-A Team

The Oakland A’s could be searching for a place to play.
Titans stadium.
April 19, 2023

Titans’ Historic New $2.1B Stadium One Step Closer to Reality

About $1.26B in public money would go toward the new stadium.
Crypto-markets-sports-sponsorship
May 20, 2022

Crypto Crash Impact on Sports Sponsorships

Prior to the last two weeks, cryptocurrencies, NFTs, exchanges, and a host…
Insights-Wearables-Consumers
March 11, 2022

The Evolution of Consumer Wearables

The wearables market has seen incredible amounts of growth since the onset of the pandemic. Trends like telemedicine and remote patient monitoring have helped spur adoption and inspired new consumer products that allow for the tracking and collection of biometric data.