Nike Profit Tops Analysts’ Estimates as North America Sales Gain

Nike, Inc. reported earnings rose 7.4 percent to $560 million, or $1.20 a share, as continued strong top-line growth and SG&A expense leverage more than offset the impact of a lower gross margin and a higher effective tax rate. Revenues jumped 15.1 percen

Li-Ning Officially Rolls Out Brand to the U.S. Market

Li-Ning, the footwear and apparel company founded by Chinese Olympic medal-winning gymnast Li Ning, completed the full rollout of its Digital Li-Ning brand website, which includes new styles for men and women, key partnerships with Olympic athletes and it

K-Swiss Partners with Stand Up To Cancer

K-Swiss has join with Stand Up To Cancer (SU2C), an initiative to accelerate groundbreaking cancer research, on a co-branded footwear and apparel collection. In addition, K-Swiss and Stand Up To Cancer will launch Team Stand Up To Cancer at key “racing” e

AAFA Launches New Sourcing Tool

The American Apparel & Footwear Association (AAFA), the national trade association representing the U.S. apparel and footwear industry, and Intertek, a leading provider of quality and safety services, announced a new member benefit that enables AAFA membe

Study: Barefoot Running Less Efficient Than Lightweight Shoes

According to a study conducted by researchers at the University of Colorado in Boulder, running shoes make running physiologically easier than going barefoot. The study, published online in the journal Medicine & Science in Sports & Exercise, began by re

Tyr Appoints Steve Furniss as Team Sales Chief

Tyr has appointed founder and former owner, Steve Furniss, as director of team sales and Ryan Dolan to the position of director of sports specialty sales. Both will be responsible for the sales and service in their respective athletic communities…

Jochen Zeitz to Step Down as PPR’s Sport and Lifestyle Chief

Jochen Zeitz, the former long-time CEO of Puma, will step down as head of PPR's Sport & Lifestyle division and chief sustainability officer of PPR, in October in order to take a bigger role in overseeing PPR's sustainability initiatives. As of O

Shoe Carnival’s Q4 Net Slides on 3 Percent Comp Decline

Shoe Carnival reported sales for the fourth quarter increased 1.1 percent to $181.9 million from $179.9 million a year ago. Comparable store sales decreased 3.0 percent. Net earnings slid 25.0 percent to $3.3 million, or 24 cents per share, from $4.4 mill