Adidas Warns Of 10 Percent Q1 Revenue Decline

Adidas said it expects first-quarter sales to fall more than 10 percent as revenues in Greater China tumble between €0.8 billion and €1.0 billion below the prior-year level due to the coronavirus outbreak. The guidance assumes a decline of about €100 million in Japan and South Korea while the rest of the world grows at a currency-neutral 6 percent to 8 percent.

RYU Apparel Appoints New CEO

RYU Apparel Inc., the Vancouver-based activewear brand, announced the resignation of Marcello Leone from his position as CEO and president. Cesare Fazari was appointed interim CEO, effective immediately.

Bogs Sales Dip In Fourth Quarter

Weyco Group Inc. reported wholesale sales of the Bogs brand in North America were down 5 percent for the fourth quarter due to lower sales in Canada as a result of the mild start to the winter. For the year, Bogs sales were up 17 percent.

Mystery Ranch Hires Outdoors East Rep Agency

Pack company Mystery Ranch has retained Outdoors East, led by Justin Sterner, to represent its mountain and hunting categories in Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Maryland, Delaware and Washington DC.

Clif Bar Features Six Women Athletes On Packaging For First Time

For the first time in its 28-year history, Clif Bar will replace its iconic climber on its Clif Bar packaging with “real-life trailblazers” – six women athletes representing six different sports. The six athletes are Venus Williams, Megan Rapinoe, Ashima Shirashi, Jordyn Barratt, Lakey Peterson and Katerina Nash 

NRF, AAFA, FDRA, RILA, USFIA Issue Joint Statement On Reports Of Forced Labor

A coalition of trade associations—the National Retail Federation (NRF), American Apparel & Footwear Association (AAFA), Footwear Distributors and Retailers of America (FDRA), Retail Industry Leaders Association (RILA) and United States Fashion Industry Association (USFIA)—issued a statement Tuesday on reports of forced labor in the Xinjiang region of China.

Vail Resorts CEO Talks Coronavirus, Snowfall, Lift Lines, M&A

Vail Resorts on Monday withdrew its fiscal 2020 guidance because it’s not yet sure how badly the coronavirus outbreak will sag its financial performance. The company plans to provide an update next week, but right now Vail plans to keep all its resorts open as scheduled, according to CEO Rob Katz, who addressed this issue and others on the fiscal second-quarter earnings call.