Outdoor wear maker Kavu has named Steve Skidmore and Jeremy Goodman to the company’s global executive team as chief finance director and international sales director, respectively, effective immediately.
Category: Apparel
Nike’s COO Eric Sprunk Urges Montana Grads To ‘Have A Bias For Action’
Standing in as the commencement speaker for the 2018 graduating class of the University of Montana, Eric Sprunk, Nike Inc.’s COO and former UM alum, urged graduates to “be somebody who actually does something,” “continue learning the rest of your life” and “fail forward.”
Macy’s, Dillard’s Lead Department Store Performance In Q1
Department stores have seen diverging performances in the first quarter. Of the stores that reported earnings in the past week, Macy’s and Dillard’s exceeded Wall Street expectations on income and revenue, while Nordstrom improved income and revenue but missed on comparable sales and J.C. Penney stumbled.
Aisle Talk Week Of May 14
Top headlines from the active lifestyle industry you may have missed this week.
Adidas Partners With Leicester City
Leicester City Football Club of the Premier League announced a new multi-year partnership with Adidas.
New Balance Partners With Snapchat On Liverpool Liverpool FC Kit Launch
New Balance debuted a shopping experience in the U.S. and U.K. through Snapchat’s new Shoppable AR (augmented reality) technology that lets Liverpool FC fans virtually wear, and then buy, the new Liverpool FC kit.
Puma To Open New York Flagship On Fifth Avenue
Puma has signed a lease deal to open a flagship store on Manhattan’s Fifth Avenue shopping corridor. The three-level, 24,000-square-foot space is at 609 Fifth Ave. at 49th Street, opposite Saks Fifth Avenue.
Tegra Acquires Fjord
Tegra, a leading apparel manufacturing and supply chain provider, announced the acquisition of Fjord LLC, a leading manufacturer of on-field uniforms and gear for elite athletes.
Nordstrom Earnings Rise On 5.8 Percent Sales Growth
Nordstrom Inc. reported earnings of $87 million, or 51 cents per share, in the first quarter ended May 5, compared with $63 million, or 37 cents a share, in the same quarter in fiscal 2017.
Arc’teryx Brings Back Arc’teryx Climbing Academy
The popular outdoor event will be held in the rugged climbing mecca of Squamish, British Columbia, from July 19 – 22, 2018.
J.C. Penney Slashes Full-Year Guidance On Q1 Sales Miss
J.C. Penney’s first-quarter missed analysts’ expectations due to a cooler start to the spring season. The department store chain also cut the company’s full-year earnings outlook.
Dillard’s Q1 Earnings Improve
Dillard’s Inc. reported first-quarter earnings rose 21.4 percent on a 2 percent comp gain. Results exceeded Wall Street’s targets.
Boot Barn Tops Guidance On Double-Digit Comp Growth
Boosted by significant improvement in the retailer’s ladies business and the roll out a new performance-boot platform, Boot Barn reported same-store sales grew 12.1 percent in the fourth quarter ended March 31 while earnings came in well ahead of guidance.
Puma Officially Exits Kering
Kering said the company has completed the spinoff of Puma.
NSGA’s Sporting Goods Market Report Shows Retail Sales Reach $69.4 Billion
Consumer retail purchases of sporting goods equipment, athletic footwear and athletic apparel increased to $69.4 billion for the categories tracked by the National Sporting Goods Association (NSGA) in 2017, an increase of 1 percent versus 2016.
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