Latest Entries

Ugg, Nike and Foot Locker Among the Biggest Retail Winners on Thanksgiving Weekend

By many accounts, Thanksgiving weekend marked a robust return to glory for many brands and retailers after a two-year-plus rough patch for the industry.
According to insiders who scoured digital databases, malls and high street shops during the four-day period from Black Friday to Cyber Monday, it was clear which retailers had found their omnichannel stride — and which ones (albeit fewer than before) had not.
“Generally, we’re going to have a good holiday season — the consumer is better off than they have been, but they’re also more discerning than they’ve ever been,” explained Susquehanna Financial Group LLLP analyst Sam Poser. “In retail, there will be more winners than losers but there won’t be many [companies] that land in the middle.”
Poser said his store checks over Thanksgiving weekend — which was bolstered by cold weather and “an ample supply of suitable footwear” — revealed strength at Foot Locker, Lululemon, Journeys and Nike, while fashion footwear maker Steve Madden “gets an honorary mention.”
Although some reports signaled fears over a promotional athletic period, Poser said the weekend’s sneaker sales were helped by a favorable year-over-year footwear launch calendar.
Still, Under Armour’s Black Friday markdown of 40 percent was too deep for Poser’s taste, and

Follow Footwear News on Twitter or become a fan on Facebook.

Read More…

Via:: https://footwearnews.com/2018/business/retail/ugg-nike-foot-locker-holiday-sales-2018-thanksgiving-1202711050/