JCPenney Co. reported a steep drop in earnings in the fourth quarter ended February 2 although they were better than Wall Street’s expectations.
Author: SGB Media
JCPenney Welcomes Chief Merchant And New Leaders To Executive Team
J. C. Penney Company, Inc. said Michelle Wlazlo will join the company as executive vice president, chief merchant, reporting to Jill Soltau, chief executive officer of JCPenney.
Acushnet’s Q4 Profits Slide On Sales Dip
Acushnet Holdings Corp., the parent of Titleist, reported Fourth quarter net income of $11.4 million, down 37.4 percent year over year. Sales of $343.4 million were down 2.3 percent year over year and dipped 1.4 percent in constant currency.
Crocs Q4 Exceeds Wall Street’s Targets
Crocs Inc. reported a steep loss in the fourth quarter due to a charge related to its buy back of some of the preferred shares held by Blackstone Group LP. The loss before charges came in better than Wall Street’s consensus target as sales grew 8.5 percent.
Puma Takes Over From Nike As Manchester City Kit Supplier
Puma and City Football Group have signed a global long-term partnership, which will see Puma supply the reigning English Premier League champions Manchester City, as well as sister clubs in Australia, Spain, Uruguay and China.
Slinger Bag Hires Seasoned Tennis Executive As CEO
Slinger Bag, makers of a portable tennis ball launcher, announced that Mike Ballardie has been named CEO of the company.
Nike Ranked Most Valuable Apparel Brand
Nike ranked as the most valuable apparel brand at $32.4 billion, according to Brand Finance, the brand valuation and strategy consultancy.
Zone7 Raises $2.5 Million Seed Round
Zone7, which uses data and analytics to identify the potential for injuries with athletes, has raised $2.5 million in seed funding, led by Resolute Ventures, with participation from UpWest, Amicus Capital, Dave Pell, PLG Ventures, as well as current and former professional athletes.
Fitbit Sees Profit Rebound In Q4
Fitbit Inc reported a profit on an adjusted basis of $36.3 million, or 14 cents a share, rebounding from a loss of $4.7 million, or 2 cents, a year ago. Sales inched up 0.1 percent to $571.2 million from $570.8 million. Device sales grew for the first time since the fourth quarter of 2016.
Compass Diversified Holdings Posts Q4 Loss
Compass Diversified Holdings on Wednesday reported a net loss for the fourth quarter ended December 31, 2018, of $6.5 million, or earnings per share of (25) cents, as compared to net income of $49.1 million for the quarter ended December 31, 2017. The company missed Wall Street’s EPS targets by 31 cents.
Adidas AG Announces Executive Board Member Change
The supervisory board of Adidas AG has appointed Martin Shankland to the executive board as board member responsible for global operations effective March 4, 2019. He succeeds Gil Steyaert, who has left the executive board to pursue new career opportunities externally.
REI Co-op Acquires Arizona Outback Adventures
REI Co-op on Wednesday announced the acquisition of its long-standing adventure travel partner Arizona Outback Adventures (AOA).
Sports Stars To Support PHIT Act On Capitol Hill
On March 13, 2019, the Sports & Fitness Industry Association (SFIA) will be hosting the 20th annual National Health Through Fitness Day to promote the Personal Health Investment Today (PHIT) Act. Herschel Walker, Steve Garvey and Carl Lewis will be among the sports legends in attendance.
United By Blue x Sole Sustainable Footwear
Take Less From The Planet … And Leave Less Behind redefining sustainability in the footwear industry Sole x United By Blue teamed up to produce a shoe designed using sustainable materials from tongue to tread. Debuting exclusively on Kickstarter March 4, with a campaign that speaks about the state of the footwear industry, the earth-friendly Chukkas will […]
Merrell SS|2019 Trail Running Collection
Merrell delved deeper into the trail running space with the launch of five trail runners. “Our SS|2019 collection brings an important milestone in Merrell innovation, uniting years of experience designing for the trail, foot-in-motion science, elite athlete experiences, and additional findings from the Merrell Test Lab. This collection delivers a range of options for all […]
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