Adidas Realigns Western Europe Management
Adidas appointed Arthur Hoeld as managing director for Western Europe, according to a report on ISPO.com. Alain Pourcelot, who was previously responsible for the Western European business, has moved to the management of the training unit.
Lululemon Comps Soar 20 Percent In Q2
Lululemon Athletica Inc. on Thursday reported comparable sales increased 20 percent, or 19 percent on a constant dollar basis, in the second quarter ended July 29. The company reported diluted earnings per share of 71 cents, up from 36 cents (or adjusted EPS of 39 cents ) in the second quarter of fiscal 2017.
Code Green Apparel Agrees To Acquire Zoombang Companies
Code Green Apparel Corp. announced that the company has entered into a binding letter of intent to acquire the Zoombang Companies, makers of protection gear for football and hockey players as well as for other industries, through a tax-free share exchange agreement.
Callaway And Jack Nicklaus Shine For Perry Ellis In Q2
Perry Ellis International Inc. saw strong growth in Callaway and Jack Nicklaus golf apparel in the second quarter. Nike Swim is seeing momentum in Europr. A calendar shift and the liquidation of Bon Ton Stores, however, caused a modest sales decline overall in the period. Profits were flat but topped Wall Street’s targets.
Tilly’s Delivers Strongest Comp In Seven Quarters
Share of Tlly’s were trading up around 13 percent in mid-day trading Thursday after the action-sports themed retailer posted the company’s best comp since the third quarter of 2016 while exceeding profit guidance.
U.S. Golf Industry Launches #inviteHER Campaign
Powered by the LPGA Women’s Network and We Are Golf’s Women’s Task Force, #inviteHER’s primary objective is to grow awareness and participation among women and girls through the power of an invitation from one of the 24 million American golfers.
Head Penn Extends Partnership With Professional Tennis Registry
Professional Tennis Registry (PTR) signed a three year contract with Head Penn, extending the longstanding partnership to 38 years.
Foot Locker Appoints Chief Human Resources Officer
Foot Locker Inc. announced the appointment of Elizabeth S. Norberg as senior vice president and chief human resources officer effective September 17. Norberg. She most recently worked at Loews Hotels.
Heritage Swim Brand, Leader, Unveils New Brand Direction And Website
Leader, the manufacturer of aquatics and sports eyewear and accessories, unveiled its bold new look, coinciding with the release of leaderswim.com, the brand’s first ever consumer-facing website.
Adidas Signs Kylie Jenner
Kylie Jenner has signed on as a brand ambassador for Adidas. The 21-year-old reality TV star and Kylie Cosmetics founder had been with Puma.
Adidas Extends Sponsorship Of Scottish Football Association
The Scottish FA announced the renewal of two key relationships with sports brands Adidas and JD.
Perry Ellis Sees Gains In Golf Sportswear And Nike
Perry Ellis International reported flat earnings in the second quarter ended August 4. Sales were down in part due to business exits but Original Penguin, Golf Sportswear and Nike all saw robust growth.
Dick’s Blames Q2 Top-Line Shortfall On Under Armour
Dick’s Sporting Goods reported earnings that easily topped Wall Street’s targets but sales came in well below as weakness from Under Armour continued to place a drag on sales. On a conference call with analysts, Ed Stack, CEO, said the company is “repositioning” its Under Armour business, including gaining more exclusives from the brand while finding other product to fill traditional Under Armour space.
PVH Corp. Tops Q2 Revenue, Earnings Guidance
PVH Corp. reported revenue for the second quarter increased 13 percent (increased 11 percent on a constant currency basis) compared to the prior year period and exceeded guidance.
Tilly’s Beats Income, Revenue Estimates In Q2
Tilly’s Inc. on Wednesday reported net income for the second quarter ended August 4 of $9.7 million, or 33 cents per diluted share, compared to a net loss of $0.6 million, or 2 cents per share, the same quarter a year ago.
