News & Noteworthy Roundup … Friday, March 25
Author: sportsoneauthor
Hibbett Sports Q1 Operating Earnings Slide
Hibbett Sports Inc. reported operating earnings slid 16 percent in the first quarter as comps dipped 0.3 percent and both margins and the chain’s expense rate eroded. Hibbett said results exceeded the company’s internal plan and gross margin improvement was seen in April.
Foot Locker Q1 Blows Past Q1 Estimates
Foot Locker Inc. reported earnings before charges slid 3.3 percent in the first quarter, but came in well ahead of Wall Street’s targets. Dick Johnson, Foot Locker’s CEO, said in a statement, “The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors.”
Nike Acknowledges Diversity Shortfalls In FY16/17 Sustainability Report
In the company’s just-released FY16/17 Sustainable Business Report, Nike Inc. stated that leadership representation for women globally and underrepresented minorities (URM) in the U.S. “have not evolved as fast as we would have liked” since the company’s last sustainability report arrived in 2016. The report also lists an extensive number of steps Nike is taking to improve diversity and inclusion efforts.
Deckers Brands Crushes Income, Revenue Estimates
Footwear, apparel and accessories company Deckers Brands reported fourth-quarter net income of $29.7 million, or diluted earnings per share of 66 cents, up from last year’s Q4 loss of $12 million, or (49) cents per share, and beating analysts’ estimates by 31 cents per share.
Shoe Carnival Lifts Guidance On Strong Q1
Shoe Carnival Inc. reported first-quarter profits climbed 58.5 percent as comps grew 1.3 percent and gross margins expanded 150 basis points.
Report: Nike To Replace Under Armour In MLB Deal
Nike Inc. is close to striking a deal to continue as Major League Baseball’s on-field apparel suppler in the 2020 season, according to a report from SportsBusiness Daily. Under Armour was expected to assume on-field rights from Nike in 2020.
Outdoor Project Announces Women In The Wild 2018 Series
Outdoor adventure and travel media platform Outdoor Project has announced the expansion of the company’s Women in the Wild series for summer 2018. The series, which celebrates femininity in the outdoors, is a collaboration of individuals, organizations and brands from across the outdoor industry. Women in the Wild will focus on fostering community over competition and redefining what it means to be a woman in the outdoors.
Carhartt Appoints VP Of Marketing
Carhartt hired Janet Ries, who formerly worked for Rockport and Reebok, as vice president of marketing.
Superfeet x Flowbuilt … Turning Vision Into Reality
With Flowbuilt, our partners can utilize an end-to-end connected platform, in one location, in the U.S. [Superfeet] has created the new standard for footwear manufacturing and are setting up our partners for success by solving for problems that have yet to be discovered.
Arccos Golf Launches AI Platform Arccos Caddie 2.0
Arccos Golf has released a next-generation artificial intelligence platform, Arccos Caddie 2.0, which now provides players with real-time strategies for every shot on any hole in the world. Powered by Microsoft Azure, Arccos Caddie has also been made a free feature for all users of the Arccos 360 system.
PGA Tour Superstore Celebrates Women’s Golf Day
PGA Tour Superstore will offer hours of free golf instruction and golf activities in recognition of Women’s Golf Day on Tuesday, June 5, 2018.
Riddell Unveils Head-Impact Training Tool
Riddell unveiled the company’s InSite Training Tool (ITT), a web-based data center that collects and analyzes on-field head impacts. ITT comes as the newest feature in Riddell’s InSite impact monitoring platform.
Sierra Trading Post Joins Warrior Dash As Official Outdoor Retail Partner
Warrior Dash, the 5k obstacle course race that more than 3 million participants have completed since 2009, and the race’s parent company, Red Frog Events, announced Sierra Trading Post as the official Outdoor Retail partner of Warrior Dash 2018.
ClassPass Hires VP of International
ClassPass, the fitness membership startup, announced the company will be expanding the company’s global presence by launching in nine new countries by the end of 2018. Chloe Ross has been hired as VP of international to lead the charge on global strategy and execution.
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