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.
Author: SGB Media

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.

IDC: Shipments Of Wearable Devices Reach 118.9 Million Units In Q4
The worldwide market for wearable devices grew 82.3 percent in the fourth quarter of 2019 (4Q19), reaching a new high of 118.9 million devices shipped according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.

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.

ISA TanTec Opens Second Tannery, Resumes Normal Production In China
In the wake of the coronavirus, TransAsia TanTec, ISA TanTec, issued a release that its second tannery in Vietnam—and fifth in the world—started trial production last week with a projected monthly capacity of 1.5 million square feet after the trial production is completed.

HanesBrands Launches C9 Champion Brand On Amazon
HanesBrands has introduced its C9 Champion performance athleticwear exclusively with Amazon Fashion worldwide as part of a multiyear agreement.

Teton Gravity Research Hires Chief Growth Officer
Action and adventure lifestyle media company Teton Gravity Research (TGR) has hired Steven Gray as its chief growth officer.

Caddy For A Cure And Linksoul Sign New 2020 Partnership
Caddy For A Cure, Inc. and Linksoul announced a new partnership for charity in professional golf.

Alterra Announces $223M In Capital Improvements For 2020/21 Season
Alterra Mountain Co. on Tuesday announced its plans to invest $223 million in capital improvements across its 15 North American mountain destinations for the upcoming year to enhance the guest experience.

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.

Dick’s Q4 Earnings Beat Targets, To Remove Hunt From 440 Stores
Dick’s Sporting Goods reported fourth-quarter earnings topped Wall Street’s expectations as same-store sales rose 5.3 percent. The retailer also announced it was removing the hunt category from another 440 stores.

Kinsey’s Acquires Alpine Archery
Kinsey’s has purchased Alpine Archery and will reinvigorate the brand and its assortment of archery products.