Rack Room Shoes launched the company’s Real Teacher of the Year Contest, which will award five winning teachers a computer lab grant valued at $10,000 to be used towards technological upgrades at their respective schools. Additionally, each winning teacher will receive Free Shoes for a Year.
Author: SGB Media
Norrøna Appoints Adam Chamberlain As U.S. Sales Manager
Norrøna, a Norwegian outdoor apparel brand, appointed outdoor industry veteran Adam Chamberlain as U.S. sales manager.
Solos Named Official Smart Glasses Partner Of Ironman
Solos, owned by Kopin Corporation, has become the Official Smart Glasses of Ironman North America and the Ironman World Championship.
Scarpa Promotes Sarah Fansler To Direct Sales Manager
Scarpa North America promoted Sarah Fansler, who has worked at the brand for the past three years, to direct sales manager.
Chaco Footwear Launches First Brand Campaign
Chaco Footwear, part of the Wolverine Worldwide portfolio, launched the company’s first brand campaign, titled “Life is Fantastic on Foot.”
Aisle Talk Week of July 16
Top headlines from the active lifestyle industry you may have missed this week, including Boa Technology Inc. opening the company’s new environmentally friendly headquarters in Denver, CO.
Skechers Shares Tumble On Q2 Miss And Poor Outlook
Skechers USA’s shares fell $6.95, or 20.9 percent, to $26.30 on Friday after the company reported second-quarter earnings that fell well short of guidance and provided a soft outlook for the third quarter. Investors were reportedly frustrated that Skechers’ focus on funding long-term expansion efforts is coming at the expense near-term earnings improvement.
VF Corp Lifts FY Outlook After Robust Q1 Results
VF Corp. reported earnings 62 percent on an adjusted basis in the first quarter ended June 30, to 43 cents a share, well above Wall Street’s consensus estimate of 33 cents. Sales grew 23 percent on a reported basis and were up 21 percent in constant dollars Currency-neutral sales jumped 32 percent at Vans and 5 percent at The North Face.
Study: Air Pollution Impacting U.S. National Park Visitation
More than 300 million visitors travel to U.S. national parks every year to experience America’s iconic landscapes. But poor air quality in parks may negatively affect visitation, according to a study published in Science Advances by researchers from Iowa State University and Cornell University.
L.L.Bean Celebrates Grand Opening In New Haven
L.L.Bean announced the grand opening of the company’s newest retail store at The Shops at Yale in the Broadway District of New Haven.
Skechers Q2 Earnings Slump 24 Percent
Skechers USA Inc. reported earnings sunk 23.9 percent in the second quarter ended June 30, to $45.3 million, or 29 cents a share, falling short of the company’s guidance. Sales rose 10.6 percent to $1.13 billion.
CamelBak Appoints Greg Williamson As President
CamelBak has appointed Greg Williamson as president of the company, effective July 16. Williamson has experience in consumer products and large global brands, specifically in strategy and product development, channel marketing and brand building and international markets.
Sports Direct Burned By Outside Investments
While underlying earnings are benefiting from its “Elevation” efforts to upgrade its stores, Sports Direct reported that its U.S. business, consisting of Bob’s Stores and Eastern Mountain Sports, showed loss in its fiscal year ended April 29 and a number of other investments aren’t paying off.
Adidas Downgraded On Heightened Competition
Wells Fargo Securities downgraded shares of Adidas due to renewed growth in North America at Nike, continuing explosive growth at Vans and some lackluster results from the launch of new Adidas platforms.
La Sportiva Appoints Director Of Sales
La Sportiva announced the hiring of Wes Green as director of sales. Replacing long time sales leader Mark Day, who has retired, Green joins the brand from Big Agnes.
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