VF Corp. raised the company’s earnings and revenue guidance for the year after reporting earnings in the second quarter ended September 29 that easily topped Wall Street’s guidance.The quarterly sales gains were again led by Vans, which jumped 26 percent. The North Face’s revenues grew 5 percent.
Author: SGB Media
Goat Announces Lakers’ Kyle Kuzma As Brand Ambassador
Goat, the marketplace for sneakers, announced a partnership with the Los Angeles Lakers’ Kyle Kuzma as the company’s first Brand Ambassador. The 2018 All-Rookie First Team select will represent Goat on and off the court throughout the NBA season.
Puma Signs DeMarcus Cousins
Puma has officially signed DeMarcus Cousins of the Golden State Warriors after Nike declined to exercise the company’s match rights according to ESPN.
Perry Ellis Shareholders Approve Proposed Transaction With George Feldenkreis
Perry Ellis International Inc. announced that based on the vote tally from the Special Meeting held Thursday, Perry Ellis shareholders have approved the proposed transaction with George Feldenkreis in which Perry Ellis will become a private company through a $437 million transaction.
Nike’s CIO Joins Merck & Co
Jim Scholefield, Nike Inc.’s global CIO, is joining Merck & Co. as chief information and digital officer, effective October 29.
Caleres Announces Acquisition Of Vionic
Caleres announced the company has acquired Vionic Group for $360 million, subject to certain adjustments. The acquisition of Vionic allows Caleres to continue to expand the company’s Brand Portfolio and gives the company additional access to the growing contemporary comfort footwear category.
Brian Accola Joins Mountain Khakis As Principal Rep In Great Lakes Region
Mountain Khakis, the lifestyle apparel brand for men and women, has announced that Brian Accola, president of Great Lakes Apparel Sales, has joined the company as the principal sales representative for the Great Lakes region, which includes Michigan, Indiana, Ohio and Kentucky.
Schuylkill Valley Sports Partners With Celerant Technology On New SSI Data Linked Platform
Celerant Technology, a leading provider of innovative retail and e-commerce solutions, announced that Schuylkill Valley Sports (SV Sports) has become the company’s first client to integrate their weekly SSI Data point-of-sale data reporting through Celerant’s new integration tools that connect seamlessly with SSI Data. Through this integration, SV Sports has easy access to robust marketplace trend reporting tools and reports to help the company compete and grow business.
Joe Prebich Exits Mammut North America
Joe Prebich, who was appointed managing director of Mammut North America in April, is no longer with the company, according to its public relations team, which declined to disclose the reason for Prebich’s exit. “Mammut and Joe ended their relationship professionally this week,” a representative of Mammut North America’s PR team told SGB Thursday.
Skechers Q3 Earnings Dip
Skechers USA reported earnings eased 1.7 percent in the third quarter but results came in slightly ahead of a forecast given in July. Sales rose 7.5 percent, led by double-digit growth in both the company’s international wholesale and worldwide company-owned retail businesses, but came in below targets.
Oppenheimer Upgrades Nike On “Technological Evolution” Promise
Oppenheimer lifted the rating on Nike Inc. to “Outperform” due to the company’s investments in building a “digitally-enhanced” business model that are expected to “enhance most facets of its business.”
Fanatics Partners With German Football Association
The German Football Association (DFB) announced a partnership with Fanatics. Beginning in January 2019, the new long-term partnership will see fans of the national team provided with a greater range of products and wider availability around the world.
Project Play Summit To Be Held In Washington, D.C.
The Aspen Institute Project Play Summit, designed to address the cost barriers kids from lower income households increasingly face participating in youth sports, will be held in Washington, D.C. on October 16.
The Conservation Alliance Celebrates 10th Annual Backyard Collective
On Thursday, October 11, The Conservation Alliance celebrated the association’s 10th Annual Backyard Collective stewardship event in Bend, OR. More than 90 volunteers from 10 member companies participated in the day.
Ortovox Appoints Northeast Reps
Ortovox, a leader in avalanche safety and wool-based mountain wear since 1988, announced the company’s partnership with Rand Whitney, principal of Alpin Sport Group in the Northeast territory, covering Maine to Maryland.
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