366
Fashion Jobs
SHISEIDO
FP&A Manager (Korean Only)
Permanent · SEOUL
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
By
Reuters
Published
Nov 20, 2017
Reading time
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Sports retail stocks jump after upbeat earnings

By
Reuters
Published
Nov 20, 2017

Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc, Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.


Nike




Shares of the retailers jumped 19-22 percent in premarket trading. Foot Locker was the most actively traded among stocks listed on the New York Stock Exchange.

Brokerages Jefferies raised price target on Shoe Carnival’s shares by $2 to $22 and Wedbush to $27 on expectations of better performance in 2018.

“It is clear to us the Shoe Carnival team is managing its business exceptionally well,” Susquehanna analyst Sam Poser said.

“SCVL’s willingness to plan purchases appropriately (boots are planned down 10 percent for the season) resulted in inventory levels down 4.3 percent on a per-store basis at 3Q17-end.”

The strong results come at a time when many of its peers such as Sports Authority and Sports Chalet have gone bankrupt trying to beat competition from ecommerce sites that are forcing retailers to cut prices and clear excess stocks.

Nike’s decision to sell directly through ecommerce giant Amazon too has put pressure on brick-and-mortar retailers to slash prices and remain competitive.

Wedbush analysts said companies such as Shoe Carnival would benefit from better brand mix, conservative inventory planning, store closings and improved digital efforts.

Shoe Carnival and Hibbett have raised their same-store sales forecasts, while Foot Locker said it expects to achieve or modestly exceed top- and bottom-line guidance for the fourth quarter provided earlier in August.

“We look for an improvement in traffic and more top-line consistency to become more positive,” Jefferies analyst Randal Konik said, referring to Shoe Carnival.

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