Shares of Nike Inc. closed down nearly 7 percent on Friday after the company reported North America sales in the third quarter and fourth-quarter guidance that both missed Wall Street's targets. But sales in the third quarter still more than doubled the growth rates of its closest rivals, Adidas and Under Armour, as Nike officials insisted its Consumer Direct Offense initiative is only getting started. (Read More)
Top headlines from the active lifestyle industry you may have missed this week, including a breakdown of which brands have the most March Madness sponsorships. (Read More)
Hibbett Sports, Inc. reported fourth-quarter earnings rose slightly but came in well above Wall Street's targets. The retailer also announced plans to close 95 stores this year as part of an "accelerated store closure plan" and a transition plan with the pending retirement of CEO Jeff Rosenthal. (Read More)
Hibbett Sports Inc. announced the planned retirement of Jeff Rosenthal, president and chief executive officer. The Board will commence a search process to identify the company’s next CEO, and Rosenthal will remain at the company in his CEO capacity until a successor is named. (Read More)
Caleres on Thursday reported an adjusted net income of $16 million, or 38 cents per share, missing analysts’ estimates by 7 cents. Expenses related to last quarter’s acquisition and integration of Blowfish Malibu and Vionic totaled 15 cents per share. (Read More)
Nike Inc. reported quarterly earnings that slightly topped analysts’ expectations and sales that were in-line. The 7-percent revenue growth was driven by broad-based strength across all geographies as well as Nike Direct, led by digital. By region, the gains were led by Greater China, up 23 percent; followed by EMEA, 9 percent; and North America, 7 percent. (Read More)
G-III Apparel Group Ltd. reported fourth-quarter earnings that came in well ahead of Wall Street’s consensus target due to stringent cost controls and double-digit growth across wholesale operations. G-III officials revealed that its recently-acquired DKNY label had introduced its first women’s apparel collection tied the major sports leagues. (Read More)
Designer Brands Inc. has announced a new DSW in Manchester, NH. (Read More)
Duluth Holdings Inc. (dba, Duluth Trading Company) on Thursday announced the grand opening of its 49th store in Wichita, KS. (Read More)
Inntopia reported that as of Feb. 28, occupancy for western resorts for the month of February was up 5.7 percent compared to the previous February in a year-over-year (YOY) comparison. (Read More)
The Virginia Tech University Helmet Lab released its inaugural Virginia Tech Helmet ratings for youth helmets, awarding Vicis Zero Youth a five-star rating and a score of 0.69. A lower score indicates better protection. Helmets from Xenith, Schutt and Riddell were also reviewed. (Read More)
Less than two years after introducing 3D scanning technology into its stores, Fleet Feet has scanned its one-millionth pair of feet as part of its exclusive in-store outfitting experience known as fit id. (Read More)
Skechers Performance is returning as the title sponsor for the 2019 Skechers Performance Los Angeles Marathon on Sunday, March 24. (Read More)
Famous Footwear launched Famously YOU Rewards, a new loyalty program that promises to increase engagement and deliver a higher level of personalization. (Read More)
Denison University, based in Granville, OH, has entered into a multi-year partnership with Nike through BSN Sports. (Read More)
President Donald Trump said Wednesday he had no plans to quickly remove tariffs on $250 billion of Chinese imports even if a broad trade agreement is reached. Negotiations had been on hold as the two sides attempt to figure out how to overcome disagreements about how the U.S. would ensure China is abiding by any deal. (Read More)
G-III Apparel Ltd. reported fourth-quarter earnings per share on an adjusted basis vaulted 112 percent as revenues expanded 7.3 percent. Results easily topped Wall Street's consensus targets. (Read More)
The Marshall Independent School District (ISD) in Texas has entered into an agreement with Under Armour and BSN Sports to become the district's official team and school apparel provider. (Read More)
About 195 Stromer ST5 electric bicycles are being recalled. The bicycle stem can break, posing crash and injury hazards to the rider. (Read More)
The San Francisco Giants and Fanatics announced a 10-year omnichannel retail partnership which grants Fanatics the rights to operate all Giants Dugout Store locations, including the flagship store at Oracle Park. (Read More)