Latest news with #MaryDillon
Agriland
03-06-2025
- General
- Agriland
Initiative to protect natural heritage now open to community groups
Local community groups are now able to apply for funding and mentoring under a programme to 'protect and celebrate' local heritage, including natural heritage. The Heritage Keepers programme is now open to applications for its fifth year. The programme is open to community groups and primary schools across Ireland in both urban and rural locations. Organisers of the initiative said that this year's programme will have an increased number of places for both community groups and schools. Heritage Keepers is an initiative of Burrenbeo Trust, and is funded by The Sunflower Charitable Foundation, through Community Foundation Ireland. Last year, 75 groups took part in the programme, with more than 200 groups having participated since the programme commenced. The aim of the programme is to provide funding to participants to take steps to protect built, cultural and natural heritage. The closing date for applications is September 30, with the latest round of the programme set to start in the autumn, and running until spring 2026. The programme is designed to help successful applicants develop a local plan to 'protect and celebrate their heritage' through a series of interactive workshops. When those workshops are complete, groups can apply for funding and receive ongoing mentoring to put their plans into action. Of the more than 200 groups and schools that have taken part in the programme since it was launched, some 90% have gone on to complete their funded action, the organisers of the programme said. Some past actions include exhibitions, heritage trails, tree planting, podcast creation, booklets, wildlife ponds, oral history projects, and 'place celebration' days. Funding for fieldtrips is also provided, allowing participants to visit local heritage sites. Commenting on the initiative, Heritage Keepers coordinator Mary Dillon said: 'Learning more about our places and their needs is the first step to building community stewardship, where communities and individuals feel empowered to take action locally to bring about real and meaningful change and action. 'While our programme is open to both primary schools and community groups, this year we would love to see an increased uptake in the number of applications from community groups. 'We are incredibly proud and grateful to all our previous Heritage Keepers participants who have shown an inspiring amount of pride in their place and have proved to be wonderful stewards of their community. We are very excited to meet this year's groups and hear all about their plans to protect and celebrate their local heritage,' Dillon added.
Fibre2Fashion
02-06-2025
- Business
- Fibre2Fashion
US' Foot Locker's sales decline 4.6%, to $1,788 mn in Q1
Total sales of American footwear retailer Foot Locker were down 4.6 per cent, to $1,788 million, as compared with sales of $1,874 million in the first quarter of 2024. Excluding the effect of foreign exchange rate fluctuations, total sales for the first quarter decreased by 4.5 per cent. Comparable sales decreased by 2.6 per cent, with comparable sales in the North American region decreasing by 0.5 per cent. Comparable sales in the company's international businesses decreased by 8.5 per cent, led by softness in Foot Locker Europe. Foot Locker reported Q1 sales of $1.79 billion, down 4.6 per cent y-o-y, with comparable sales falling 2.6 per cent. North America saw a 0.5 per cent drop, while international sales declined 8.5 per cent. Gross margin decreased by 40 basis points, and SG&A rose 100 basis points as a percentage of sales. The company opened 9 stores, closed 56, and updated 80 locations. Gross margin decreased by 40 basis points as compared with the prior-year period. Merchandise margins decreased by 10 basis points, while occupancy as a percentage of sales increased by 30 basis points as compared to the prior-year period, the company said in a press release. "We are continuing to execute our Lace Up Plan strategies as we look forward to the successful completion of our transaction with DICK'S Sporting Goods. As we noted at the time we reported preliminary first quarter results, we experienced softer traffic trends globally that impacted our performance. During the quarter, we remained focused on the rollout of our Re-imagined and Refresh programs to elevate our in-store experience, enhancing our digital offerings, deepening customer engagement through our FLX programme and leveraging our strong brand partnerships to generate excitement for our customers. As we have executed these and other initiatives to further advance our strategy, our teams have also remained nimble to navigate the uncertain macroeconomic environment, including managing our promotional levels, inventories, and expenses and remaining disciplined with our cash flows," said Mary Dillon, chief executive officer . SG&A as a percentage of sales increased by 100 basis points as compared with the prior-year period, due to underlying deleverage on the sales decline and investments in technology which more than offset the cost optimisation programme and ongoing expense discipline. Compared to the prior year, SG&A dollars were down 0.7 per cent. During the first quarter, the company opened 9 new stores and closed 56 stores, including its stores that operated in South Korea, Denmark, Norway, Sweden, Greece, and Romania. Also during the quarter, the company remodeled or relocated 11 stores and refreshed 69 stores to updated design standards, which incorporate key elements of the current brand design specifications. Fibre2Fashion News Desk (RR)
Yahoo
30-05-2025
- Business
- Yahoo
Foot Locker Opened 9 New Stores and Closed 56 Doors In Q1
With Foot Locker Inc. announcing preliminary first-quarter results on May 15, the official tally on earnings Thursday was no surprise. The sneaker retailer said at the time that it inked a deal to be acquired by Dick's Sporting Goods for $2.4 billion, or $24 a share. The deal is expected to close later this year, and some on Wall Street concluded the combined entity will be good for its vendor base. Dick's reported first quarter results on Wednesday, and its CEO Lauren Hobart said Nike is among the vendors that that 'continues to perform really, really well for us.' More from WWD Ulta Beauty Nudges Up Full-year Guidance After Stronger Than Expected Q1 Performance Tariff Impact Evident in Caleres' Q1 as Sales, Profits Slide Dick's Sporting Goods Delivers Record Q1 Sales, Maintains Full-year Guidance 'We are continuing to execute our Lace Up Plan strategies as we look forward to the successful completion of our transaction with DICK'S Sporting Goods,' Foot Locker's CEO Mary Dillon said in a statement. She noted that softer traffic trends globally impacted the quarterly results. 'As we have executed these and other initiatives to further advance our strategy, our teams have also remained nimble to navigate the uncertain macroeconomic environment, including managing our promotional levels, inventories, and expenses and remaining disciplined with our cash flows,' she said. What's new in the earnings report is that the company opened 9 new stores and closed 56 locations, including stores in South Korea, Denmark, Norway, Sweden, Greece and Romania. It also remodeled or relocated 11 doors and refreshed 69 locates to it updated store design. At the end of the quarter, Foot Locker operated 2,363 stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. It also has 236 licensed stores operating in the Middle East, Europe and Asia. The retailer said that the licensed operations include the Greece and Romania business that was sold to its license partner in April 2025. For the first quarter ended May 3, the net loss was $363 million, or $3.81 cents a diluted share, versus net income of $8 million, or 9 cents, in the year-ago period. On an adjusted basis, the loss was 7 cents a share. Total revenue fell 4.5 percent to $1.79 billion from $1.88 billion. Total revenue included a 4.6 percent decline in sales to $1.79 billion from $1.87 billion. The company said that comparable sales fell by 2.6 percent. By business segment, comparable sales in the North American region slipped by 0.5 percent, and was down 8.5 percent at its international businesses, led by softness in Foot Locker Europe. Also impacting results was a decline in gross margin by 40 basis points versus year-ago levels, with merchandise margins down by 10 basis points. Because of the pending acquisition, the retailer's management did not hold a conference call to discuss earnings results. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Sign in to access your portfolio
Fashion United
30-05-2025
- Business
- Fashion United
Foot Locker closes 56 stores as it swings to loss in Q1
Foot Locker enacted a series of global store closures in the first quarter ended May 3, 2025, as it swung into a loss amid declining sales. The company, which earlier this month announced it was to be acquired by US sports retailer Dick's Sporting Goods, said that it closed 56 stores over the reported period. These included locations in South Korea, Denmark, Norway, Sweden, Greece and Romania. Notably, for the latter two regions, Foot Locker sold its licensed operations to its licensing partner in April 2025. The closures fell alongside the opening of nine new stores, as well as the remodel and relocation of 11 stores, with a further 69 locations receiving the brand's updated design standards. This reflected the continued roll out of Foot Locker's 'Reimagined and Refresh' programmes, designed to 'elevate our in-store experience', CEO Mary Dillon said in a release. Ahead of Dick's acquisition, Foot Locker tackles falling sales With this, Foot Locker reaffirmed its Q1 results, already outlined on a preliminary basis earlier this month, which Dillon had said fell 'below our expectations as we experienced softer traffic trends globally'. Total sales were down 4.6 percent to 1.79 billion dollars, while comparable sales decreased 2.6 percent. This drop was particularly impacted by an 8.5 percent decrease in comparable sales for Foot Locker's international business, compared to a more marginal 0.5 percent drop in North American sales. Most notably, Foot Locker swung to a loss during Q1. The company fell from a net income of eight million dollars in the same period of the year prior to a net loss of 363 million dollars. On a non-GAAP basis, net loss came to six million dollars. First quarter net loss per share amounted to 3.81 dollars, compared with earnings per share of 0.09 dollars in the first quarter of 2024.
Yahoo
29-05-2025
- Business
- Yahoo
Foot Locker (NYSE:FL) Reports Sales Below Analyst Estimates In Q1 Earnings
Footwear and apparel retailer Foot Locker (NYSE:FL) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 4.5% year on year to $1.79 billion. Its non-GAAP loss of $0.07 per share was significantly below analysts' consensus estimates. Is now the time to buy Foot Locker? Find out in our full research report. Revenue: $1.79 billion vs analyst estimates of $1.84 billion (4.5% year-on-year decline, 2.3% miss) Adjusted EPS: -$0.07 vs analyst estimates of -$0.02 (significant miss) Adjusted EBITDA: -$214 million vs analyst estimates of $52.35 million (-11.9% margin, significant miss) Operating Margin: -15.1%, down from 1% in the same quarter last year Free Cash Flow was -$61 million compared to -$18 million in the same quarter last year Locations: 2,363 at quarter end, down from 2,490 in the same quarter last year Same-Store Sales fell 2.6% year on year, in line with the same quarter last year Market Capitalization: $2.28 billion Mary Dillon, Chief Executive Officer said, "We are continuing to execute our Lace Up Plan strategies as we look forward to the successful completion of our transaction with DICK'S Sporting Goods. As we noted at the time we reported preliminary first quarter results, we experienced softer traffic trends globally that impacted our performance. During the quarter, we remained focused on the rollout of our Reimagined and Refresh programs to elevate our in-store experience, enhancing our digital offerings, deepening customer engagement through our FLX program and leveraging our strong brand partnerships to generate excitement for our customers. As we have executed these and other initiatives to further advance our strategy, our teams have also remained nimble to navigate the uncertain macroeconomic environment, including managing our promotional levels, inventories, and expenses and remaining disciplined with our cash flows." Known for store associates whose uniforms resemble those of referees, Foot Locker (NYSE:FL) is a specialty retailer that sells athletic footwear, clothing, and accessories. A company's long-term sales performance is one signal of its overall quality. Any business can have short-term success, but a top-tier one grows for years. With $7.90 billion in revenue over the past 12 months, Foot Locker is a mid-sized retailer, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. As you can see below, Foot Locker struggled to increase demand as its $7.90 billion of sales for the trailing 12 months was close to its revenue six years ago (we compare to 2019 to normalize for COVID-19 impacts). This was mainly because it closed stores and observed lower sales at existing, established locations. This quarter, Foot Locker missed Wall Street's estimates and reported a rather uninspiring 4.5% year-on-year revenue decline, generating $1.79 billion of revenue. Looking ahead, sell-side analysts expect revenue to remain flat over the next 12 months. This projection doesn't excite us and implies its newer products will not catalyze better top-line performance yet. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. A retailer's store count influences how much it can sell and how quickly revenue can grow. Foot Locker operated 2,363 locations in the latest quarter. Over the last two years, the company has generally closed its stores, averaging 6.1% annual declines. When a retailer shutters stores, it usually means that brick-and-mortar demand is less than supply, and it is responding by closing underperforming locations to improve profitability. A company's store base only paints one part of the picture. When demand is high, it makes sense to open more. But when demand is low, it's prudent to close some locations and use the money in other ways. Same-store sales provides a deeper understanding of this issue because it measures organic growth at brick-and-mortar shops for at least a year. Foot Locker's demand has been shrinking over the last two years as its same-store sales have averaged 1.9% annual declines. This performance isn't ideal, and Foot Locker is attempting to boost same-store sales by closing stores (fewer locations sometimes lead to higher same-store sales). In the latest quarter, Foot Locker's same-store sales fell by 2.6% year on year. This performance was more or less in line with its historical levels. It was encouraging to see Foot Locker beat analysts' gross margin expectations this quarter. On the other hand, its revenue, EPS, and EBITDA fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock remained flat at $23.94 immediately after reporting. Is Foot Locker an attractive investment opportunity at the current price? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free.
