×
143
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
By
Reuters
Published
May 21, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shoe retailers to benefit from tight inventory control

By
Reuters
Published
May 21, 2012

The warmest U.S. winter in years fueled higher sales at footwear retailers Brown Shoe Inc and Foot Locker Inc, and the companies are expected to benefit from tight inventory management in the next few quarters.


Photo: Brown Shoe Company


The warmer weather helped drive sales at many retailers of footwear and sporting goods, including Hibbett Sports Inc and Dick's Sporting Goods Inc, which posted better-than-expected quarterly results earlier this week.

Shares of Brown Shoe were up 19 percent at $10.44, while those of Foot Locker were up 10 percent at $30.84. The stocks were among the top percentage gainers on Friday afternoon on the New York Stock Exchange.

Strong demand for athletic footwear is likely to spur sales at Foot Locker, Canaccord Genuity analyst Camilo Lyon said.

Brown Shoe also said sales of running shoes and sandals were strong in the first quarter.

"The whole light weight running product category is just terrific," Brown Shoe Chief Executive Diane Sullivan told Reuters.

Brown Shoe, which has introduced several new styles and brands in recent years to attract younger shoppers, said sales of its contemporary fashion brands rose about 21 percent during the quarter.

Sullivan expects sales of fashion footwear to remain strong for at least another 12-18 months.

"I am either in my athletic shoes, or a great pair of heels or a wedge," Sullivan said.

Foot Locker and Brown Shoe have also kept lean inventories, which could boost margins.

"(Inventory management) bodes well for product margins in the second and third quarter," CL King analyst Steven Marotta said about Brown Shoe.

Inventory at Brown Shoe was down 4.1 percent compared to last year.

Foot Locker, which sells branded shoes of Nike, Reebok and Adidas, posted first-quarter net income of 83 cents per share, handily beating analysts' expectations of 74 cents per share, according to Thomson Reuters I/B/E/S.

Brown Shoe, which owns the Naturalizer brands, posted an adjusted net income of 23 cents per share, while analysts had expected 9 cents per share.

© Thomson Reuters 2022 All rights reserved.