JD Sports Updates U.S. Strategy For Finish Line And JD

JD Sports Fashion on Tuesday committed to developing Finish Line, acquired in 2018, and JD Sports as separate banners in the U.S. marketplace. Officials provided the update while reporting strong sales and profit improvement for the Finish Line chain its year ended February 1.

Finish Line Delivers 9 Percent Comp In Fiscal Year

JD Sports Fashion reported a rise in annual earnings and indicated Finish Line’s comps in the U.S. grew 9 percent. However, the UK’s largest sneaker chain cut its dividend and warned the coronavirus outbreak has constrained its short term progress.

OBIT: Yoshizo Shimano

Shimano announced the passing of chairman emeritus and former chairman Yoshizo Shimano. Yoshizo died of chronic heart failure at the age of 85 on July 3, 2020.

Head Acquires Zoggs

Head, the owner of Head, Penn and Mares, announced the acquisition of Zoggs, the swim brand famous for its goggles, swimwear and equipment.

Kathmandu Sees Strong Rip Curl Recovery As Stores Reopen

Kathmandu Holdings Limited reported that total Group sales for the 10 months ended May 31 were down 15.1 percent versus the prior-year comp period but retail store and online sales have “generally exceeded management expectations since stores began reopening.