SGB Apparel

Berkshire Hathaway’s Apparel And Footwear Brands Slip In 2016

Berkshire Hathaway reported its revenues among its apparel and footwear brands, which includes Russell Athletic and Brooks, declined $81 million, or 1.9 percent, in 2016, according to its just-released 10K filing. The decline reflected lower footwear sales and the impact of a divestiture by Fruit of the Loom in 2015.

Athleta Seeing ‘Excellent Growth’

While Gap Inc. doesn’t break out the women’s fitness chain’s performance, Gap Inc.’s CEO Art Peck said Athleta continues to show “excellent growth” and remains “bullish” on its expansion potential.

New Balance Signs Francisco Lindor

Other high-profile MLB players to wear New Balance cleats include Jose Altuve, Robinson Cano, Dustin Pedroia and Yoenis Cespedes. Lindor was with Under Armour.

Foot Locker Thriving Despite Mall Woes

Driven by a healthy appetite for running lifestyle product and its positioning as the headquarters for sneakerheads, Foot Locker Inc. reported fourth-quarter earnings that handily exceeded Wall Street targets. Foot Locker will wind up becoming one of the few mall operators to report that traffic grew over the holiday season.