The Buckle Inc. reported net income for the second quarter of fiscal 2020 was $34.7 million, or 71 cents a share, compared with $16.4 million, or 34 cents per share, for the second quarter of fiscal 2019.
Author: SGB Media
U.S. Footwear Sales Drop 16 Percent In July, NPD Reports
Total footwear U.S. sales for July totaled $2.3 billion, representing a decline of 16 percent decline versus July last year. Among categories in dollars, Performance footwear was down 16 percent, Leisure declined 3 percent and Fashion fell 35 percent, according to data compiled by The NPD Group.
Foot Locker’s Q2 Comps Soar 18.6 Percent
Foot Locker Inc. reported earnings rose 7.6 percent on an adjusted basis as same-store sales jumped 18.6 percent. Results were in line with a pre-announcement provided on August 10. Said Richard Johnson, president and chief executive officer. “Despite the challenging backdrop of the pandemic and social unrest, we achieved strong second-quarter results, led by our digital business, with a return to growth in both the top and bottom line.”
New Era Field To Become Bills Stadium
The Buffalo Bills said they will call their stadium, “Bills Stadium” after failing to find a new naming rights partner before the start of the season. The change comes after the end of its partnership with New Era Company.
Adidas Extends Sponsorship Of England’s Rugby Football Union
England Rugby has announced it has extended its partnership with Adidas as Official Footwear Supplier for four more years.
Gildan Publishes 2019 Genuine Responsibility ESG Report
Gildan Activewear Inc. announced the release of its 16th Environmental, Social and Governance (ESG) report. The 2019 ESG report, prepared in accordance with the Global Reporting Initiative (GRI) Standards comprehensive option, shows Gildan’s approach and commitment to ESG.
Ross Stores Surprises With Q2 Profit
Ross Stores Inc. reported a surprise profit in the second quarter despite seeing revenues decline 32.5 percent. Reopened store comps were down 12 percent and comps have continued to be down mid-teens so far in the third quarter.
CBL Properties Expects To File For Bankruptcy
CBL Properties, the mall owner, said it is planning to file for bankruptcy in order to execute a debt restructuring.
Report: Sweaty Betty Preparing For Sale
Sweaty Betty, the London-based women’s activewear chain, is preparing to put itself on the selling block, sources told Bloomberg. The sale comes as Sweaty Betty recently announced the pandemic had caused it to permanently close all its 12 U.S. stores.
AKU Outdoor Appoints Reps For Rockies Region
Aku, the Italian footwear brand known for its hand-crafted hiking and trekking boots, announced that Black Dog Sales Group has been retained as its new sales rep agency to support sales in Colorado and New Mexico.
Smartwool Canada Appoints Senior Manager, Sales & Marketing
Smartwool Canada has appointed Daniel Doucette as senior manager of sales & marketing. He steps into his role at Smartwool after more than a decade as Columbia Sportswear’s national account manager for Western Canada.
AstroTurf Names VP Sales; VP Business Development & Research
AstroTurf Corporation, the provider of synthetic turf, hired Jim Savoca as VP of sales. Todd DeWolfe was appointed VP of business development & research.
United Sports Brands Acquires Glukos Energy
United Sports Brands has acquired Glukos Energy, the energy supplement brand. United Sports Brands will utilize its expertise, partnerships and experience to create new market opportunities for Glukos.
Celsius Announces Strategic Investment Of $22 Million
Celsius Holdings Inc., the maker of fitness drink, Celsius, announced that it entered into an agreement providing for a direct private investment of $22 million with two investors, Asia’s leading private equity firm and a leading global institutional investor.
Nautilus Partners With Seko Logistics; Expands Distribution In Europe
Nautilus Inc. announced an agreement with SEKO Logistics, a multi-national logistics and freight company, to expand its footprint in Europe and increase distribution of its Bowflex, Schwinn and Nautilus home fitness products.
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