Puma reported net earnings rose 24.8 percent in the third quarter as sales grew 14 percent on a currency-neutral basis. The gains were driven by double-digit growth in the Americas and Asia/Pacific regions.
Category: Apparel
Shimano’s Q3 Profits Sink On Cycling Weakness
Shimano Group reported operating income fell 15.4 percent in the third quarter ended September 30 due to lower revenues and earnings in the company’s cycling division. In North America, sales of Bicycle Components in the nine months at retail were “on par with an average year and distributor inventories remained at an appropriate level.”
Jury Finds Three Defendants In Adidas Basketball Corruption Trial Guilty
All three defendants in the college hoops corruption trial, Adidas executive James Gatto, former Adidas consultant Merl Code and former sports agent Christian Dawkins, were found guilty Wednesday by a federal jury.
New Era Signs Donovan Mitchell And Jayson Tatum
New Era Cap has added Donovan Mitchell of the Utah Jazz and Jayson Tatum of the Boston Celtics as ambassadors.
U.S. Polo Assn. Eclipses Milestone Of 1,000 Retail Stores
USPA Global Licensing Inc. (USPAGL), the official licensing arm and national broadcaster of the United States Polo Association (USPA), announced that U.S. Polo Assn. has surpassed a major milestone by opening approximately 1,050 monobrand retail stores globally.
Fila Signs NBA Hall of Famer Grant Hill To Lifetime Deal
Fila announced that the company has signed a lifetime deal with Grant Hill. More than two decades after he first joined the Fila family, the brand is reuniting with the NBA Hall of Famer.
Shimano’s Profits Expand 3.2 Percent In Nine Months
Shimano Group reported that net sales in the first nine months increased 3.2 percent from the same period of the previous year to ¥253.9 billion. Operating income increased 2.7 percent to ¥47.8 billion, ordinary income increased 35.2 percent to ¥54.8 billion and net income increased 42.4 percent to ¥40.0 billion.
SGB Executive Q&A: PrimaLoft President & CEO Mike Joyce
PrimaLoft President and CEO Mike Joyce spoke with SGB about the company’s new synthetic insulation that is made from 100-percent recycled, biodegradable fibers. “We think this is a game changer,” he said, adding that “the technology will be a major revenue driver for us.” Our Q&A explains why.
Macy’s Names Shawn Outler Chief Diversity Officer
Macy’s Inc. has announced that Shawn Outler has been named EVP, chief diversity officer, effective October 29. Outler was previously EVP, licensed businesses, food services and multicultural initiatives.
REI Co-Op To Close All Stores Again On Black Friday, Thanksgiving
For the fourth year in a row, on Thanksgiving day and Black Friday, REI Co-op will close all 153 stores, process no online payments and pay more than 12,000 employees to “Opt Outside” with friends and family.
Luxottica Group’s Sales Expand 3.5 Percent In Q3
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported net sales in the third quarter of 2018 were up 3.5 percent at constant exchange rates thanks to the strong performance of the Retail division and e-commerce platforms as well as solid growth in Europe, North America and Asia-Pacific.
Columbia Sportswear Appoints Gap’s Former CFO To Board
Columbia Sportswear Company announced that the company’s board of directors has elected Sabrina Simmons to serve as a director and member of the Nominating and Corporate Governance and Compensation Committees, effective immediately.
Perry Ellis Completes Transaction With George Feldenkreis
Perry Ellis International Inc. on Monday announced the successful completion of the company’s acquisition by an entity controlled by George Feldenkreis in which Perry Ellis has become a private company through a $437 million transaction.
New Balance Signs High School Basketball Standout
New Balance has signed high school basketball standout Darius Bazley from Cincinnati to an endorsement deal, according to the New York Times.
Piper Jaffray: Vans And Adidas Still Favs With Teens
According to Piper Jaffray’s 36th semi-annual Taking Stock With Teens survey for Fall 2018, the most notable brand gainers in mindshare with teens have been Vans, Adidas, Lululemon and surprisingly, Crocs. Streetwear and 1990s themes were seen accelerating while Nike’s erosion in teen mindshare appears to be bottoming.
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