Li-Ning reported same-store-sales registered a low-teens increase on a year-on-year basis in the first quarter ended March 31.
Category: Apparel
Unifi’s Q3 Earnings Tumble
Unifi Inc. reported earnings fell sharply in the third quarter ended March 25 due to rising raw material costs and sales mix challenges. The maker of synthetic and recycled performance fibers now expects operating earnings for its fiscal year to be “well below” year-ago levels.
Arne Arens Joins The Conservation Alliance Board Of Directors
The Conservation Alliance welcomed Arne Arens, global brand president of The North Face, to its board of directors. Arens fills the seat vacated by the untimely passing of Ann Krcik, who represented The North Face on the board for three years.
Boardriders Completes Billabong Acquisition
Boardriders, Inc., the owner of Quiksilver, Roxy and DC Shoes, announced that it has completed the acquisition of Billabong International Limited.
Puma Prepares To Shift Production From China Over Tariff Concerns
While delivering robust first-quarter results and lifting its outlook for the year, Bjørn Gulden, CEO of Puma SE, spent the majority of the company’s quarterly conference call with journalists discussing the potential negative impact of tariffs on China.
Zion Armstrong To Replace Mark King As President, Adidas North America
Adidas has appointed Zion Armstrong as president of Adidas North America, effective July 1, 2018. Armstrong succeeds Mark King, who has decided to step down. Armstrong has co-led Adidas North America as general manager together with King since June 2015.
Puma’s Americas’ Sales Climb Double-Digits In Q1
Puma reported sales grew 15.6 percent on a currency-neutral basis in the Americas region in the first quarter. Overall sales on a currency-neutral basis climbed 21.5 percent.
Camping World Acquires Rock/Creek Outfitters
Camping World has acquired Rock/Creek Outfitters, based in Chattanooga, TN, according to multiple reports.
Adidas Partners With Prairie View A&M University
Prairie View A&M University and Adidas announced a new multiyear partnership in which Adidas will be the official athletic footwear, apparel and accessory brand of the Panthers.
Sportsmen, Conservationists, Patagonia Run Full-page Ad Against Fracking In Nevada’s Ruby Mountains
Thirteen conservation and sportsmen’s groups and outdoor apparel manufacturer Patagonia ran a full-page advertisement in Monday’s Elko Daily Free-Press opposing federal plans to open Nevada’s iconic Ruby Mountains to oil drilling and fracking.
New Digs Bolster Adidas Outdoor’s Growth Plans
Adidas Outdoor USA has opened a new office in Golden, CO, giving the company a strategic hub in the Rocky Mountains as it looks to gain share across trail running, cycling, hiking and climbing footwear and apparel categories.
Newell Brands Averts Proxy Battle
The battle over board seats at Newell Brands has come to a quicker-than-expected end. But the divestitures will continue.
Vans Opens Public Vote For The Ninth Annual Custom Culture Competition
This year, 500 qualifying schools participated by designing two pairs of blank Vans shoes illustrating the themes of ‘Local Flavor’ and ‘Off The Wall.’
Columbia Sportswear Appoints Snow Burns as Mountain Hardwear’s Head Of Marketing
Columbia Sportswear Company announced the appointment of Snow Burns to serve as global vice president of marketing for the Mountain Hardwear brand.
Newell Brands Announces Agreement With Starboard To End Proxy Contest
Newell Brands agreed to add three independent directors to the company’s board, ending a months-long proxy fight with activist investor Starboard Value LP.
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