Feiyue Sneakers … Flying Forward

For more than 70 years the Shalin Monks of Shanghai have worn Feiyue sneakers while demonstrating their skills outside their training temple, shown below. The sneakers are lightweight, supportive and cheap and have become popular in Beijing with both the Gen Z consumer for their street cred as well and the older consumer who remembers […]

Military Sales A Mixed Bag For Rocky Brands In 2019

Military sales boosted Rocky Brands Inc.’s second-quarter revenue thanks to a timely purchase agreement from the Defense Logistics Agency and some accelerated shipments that were pulled forward because of a Department of Defense contract ending early. But while both of those events helped the company post a revenue beat for Q2, the military segment could be a drag on third-quarter performance before picking up again, executives said.

NGA Launches Outdoor Recreation Learning Network

The National Governors Association (NGA) on Wednesday announced the launch of the Outdoor Recreation Learning Network to help governors and their staffs leverage their unique natural, cultural and historical resources to advance economic, workforce, health and environmental benefits.

Report: Nike Exploring Sale Of Hurley

Nike Inc. is exploring the sale of Hurley International, the surf brand acquired in 2002, according to a report from Reuters. The move follows prolonged weakness in the overall action sports market.

Chattanooga’s Echelon Fitness Secures Investment

Echelon Fitness, a specialist in indoor cycling technology, received an investment from North Castle Partners. The growth capital infusion from North Castle Partners will bring Echelon’s total valuation to over $100 million.

Checking In On VF Corp.’s Denver Relocation

While VF Corp. executives spent most of Wednesday morning’s earnings call discussing the company’s impressive first quarter, including standout performances from Vans and The North Face, recent transformation efforts were also on the agenda. And now that the spinoff of Kontoor Brands is complete, VF’s focus is squarely on its ongoing and massive relocation to Denver.

Balanced Growth Leads Rocky Brands To Q2 Beat

Rocky Brands Inc. on Wednesday announced net income of $3.2 million for its second quarter ended June 30, up from $2.6 million, while diluted earnings per share increased 20 percent to 42 cents a share, topping analysts’ expectations by 6 cents. Q2 revenue of $62 million was up 6.4 percent from $58.2 million in the second quarter of 2018 and ahead of Wall Street’s estimates by $1.6 million.