Puma SE said it scrambled to catch up to a fashion shift toward bulkier footwear to enable it to continue its robust top-line momentum. But due to higher marketing expenses to maintain that growth, Puma wasn’t able to lift its profit outlook for the year.
Category: Apparel
HanesBrands Appoints Board Member
HanesBrands announced the appointment of consumer products industry veteran Geralyn R. Breig to the company’s board of directors.
Iconix Brand Group Announces Cooperation Agreement With Sports Direct
Iconix Brand Group Inc. announced that the company has entered into a cooperation agreement with Sports Direct International plc, pursuant to which Sports Direct has the right to appoint two members of the company’s board of directors.
Under Armour See North American Rebound
Under Armour Inc. reported a steep loss in the second quarter after restructuring activities and said the company had planned to spend an additional $80 million on restructuring efforts this year. The loss before charges was in line with Wall Street’s expectations. Sales were ahead of expectations as North American sales grew for the first time in a year.
Amer Sports Sees Modest Growth In Q2
Amer Sports reported a slightly higher loss on a modest sales gain in the second quarter, the company’s smallest quarter of the year. Amer still expects a “solid” second half, driven by up to double-digit pre-order growth in Winter Sports Equipment, Arc`teryx, Sports Instruments and strong expected order position in Precor, which just won the company’s largest ever customer contract.
U.S. Road Race Participation Numbers Hold Steady For 2017
For the vast majority of road races of all sizes across the U.S., participation held steady in 2017, according to an analysis of road race participation trends released by Running USA.
Mammut Enhances Digital Capabilities By Acquiring Mountain Hub
Swiss-based apparel brand Mammut added to the company’s capabilities with Wednesday’s announcement that the brand had acquired Mountain Hub. SGB spoke with Joe Prebich of Mammut and Brint Markle of Mountain Hub (pictured) for a behind-the-scenes look at the deal.
Wall Street Cheers Lululemon’s CEO Hire
Shares of Lululemon Athletica rose slightly on Wednesday as Wall Street analysts unanimously applauded the hiring of Calvin McDonald, the CEO of the Sephora cosmetics chain, as its next CEO.
TYR Sport Signs Simone Manuel
TYR Sport announced the signing of 4x Olympic Medalist, 9x World Championship Medalist and World and American Record Holder Simone Manuel.
Swiftwick Adds Olympic Gold Medalist To Athlete Roster
Swiftwick, the performance sock company, announced the company has signed Connor Fields, BMX Olympic Gold Medalist, as the company’s newest elite athlete.
Meridian Community College Reaches Deal With Under Armour And BSN Sports
Meridian Community College signed a five-year partnership with Under Armour through an agreement signed with BSN Sports.
Mammut Acquires Digital Outdoor Platform Mountain Hub
Swiss-based global apparel company Mammut on Wednesday announced the acquisition of digital outdoors platform Mountain Hub in a push to bolster the brand’s digital community, connection to consumers and integration of technologies across platforms. Terms were not disclosed.
Lululemon Appoints Calvin McDonald Chief Executive Officer
Lululemon Athletica Inc. appointed Calvin McDonald, who formerly led Sephora, to serve as chief executive officer, effective August 20, 2018.
What’s Behind Brooks Running’s Shop-In-Shop Initiative?
On June 16, Brooks Running announced the company was partnering with 30 run specialty shops in the U.S. and Canada to launch the company’s first shop-in-shop program. SGB Executive reached out to Mike Billish, VP of U.S. sales, to explore the new program.
Worldwide Distributors Names Sean Maygra President
Worldwide Distributors (Worldwide), the Kent, WA-based buying cooperative for independent retailers, has named Sean Maygra as president.
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