Asics reported a small loss in the first quarter as sales sunk 13.5 percent. In the North American region, first-quarter sales were down 20.0 percent at currency-neutral rates.
Author: SGB Media
Keds Appoints New President
Keds, a division of Wolverine World Wide Inc., appointed Bornie Del Priore as president. She is currently global brand president of the Wolverine Worldwide Kids Group, a role she will continue while also serving as global brand president of Keds.
The Buckle’s Q1 Revenues Fall 42.7 Percent
The Buckle Inc. announced a net loss for the fiscal quarter ended May 2, of $11.8 million, or 24 cents per share. Revenues were down 42.7 percent.
Under Armour Upsizes And Prices Private Offering Of $440 Million
Under Armour, Inc. announced that it has priced $440 million aggregate principal amount of its 1.50 percent convertible senior notes due 2024, which represents an increase of $40 million from the offering size previously announced.
Foot Locker Shows Steep Loss In Q1
Foot Locker Inc. reported a net loss of $98 million in the first quarter as sales dropped 43.4 percent. Said Richard Johnson, chairman and chief executive officer, “Thanks to the unwavering efforts of our team, we are in the early stages on our road to recovery. Our phased reopening of stores is underway, and our plan is to build, be back, and be better than before.”
5.11 Appoints VP Of Global Product
5.11, Inc., the maker of technical apparel, footwear and gear, welcomed Matt Page, former executive at brands like The North Face, Under Armour and Mountain Hardwear, to 5.11’s executive team as vice president, global product.
Cotton Council International Joins Sustainable Apparel Coalition
Cotton Council International (CCI) announced that it has joined the Sustainable Apparel Coalition (SAC) and will use the group’s sustainability measurement suite of tools, the Higg Index, to drive environmental and social responsibility throughout its supply chain.
Lululemon Provides Update On Phased Global Store Reopening Plan
Lululemon Athletica Inc. said it has reopened over 150 store locations across North America, Europe, Asia, New Zealand and Australia, with approximately 200 additional locations set to reopen over the next two weeks.
Aku Outdoor Expands Sales In Southern States
Aku, the Italian manufacturer of hiking and trekking boots, announced that The Uber Group has been retained as its new sales rep agency to support sales throughout the southern states.
Hummel Replaces Umbro As Everton Sponsor
Everton, the Premier League club, has agreed to a three-year kit deal with the Danish sportswear company Hummel. Umbro has been the sponsor since 2014.
Ross Stores Posts Steep Loss In Q1
Ross Stores Inc. reported a net loss for the 2020 first quarter of $306 million as revenues fell 52.6 percent.
Deckers Brands’ Q4 Profits Slide
Deckers Brands Inc. reported earnings on an adjusted basis were off 35.3 percent as sales slid 4.9 percent. A 51.8 percent hike in Hoka One One’s sales was unable to offset a 17.9 percent decline at Ugg tied to store closures.
SFIA Survey: COVID-19 Hits Industry Hard, Yet Fitness Surges
Over 70 percent of sports and fitness manufacturers and businesses reported a sales drop of over 25 percent for the month of April (comparing April 2020 sales to April 2019 sales), with 30 percent of respondents reporting a sales drop of over 75 percent, according to SFIA’s COVID-19 Response Survey. However, there were pockets of strength: home fitness equipment and at-home sports equipment sales grew in the same period.
Nike To Let Liverpool End Season With New Balance
Liverpool, the English Premier League club positioned to win its first title in more than 30 years, has reached a settlement with Nike that will allow the team to continue to wear their New Balance kit until the end of the season.
Boot Barn Sees Modest Sales Decline In Q4
Boot Barn Holdings Inc. reported net earnings fell 34.5 percent in the fourth quarter ended March 28. Sales decreased 2.1 percent.
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