Foot Locker Inc. reported earnings before charges slid 3.3 percent in the first quarter, but came in well ahead of Wall Street’s targets. Dick Johnson, Foot Locker’s CEO, said in a statement, “The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors.”
Category: Apparel
Nike Acknowledges Diversity Shortfalls In FY16/17 Sustainability Report
In the company’s just-released FY16/17 Sustainable Business Report, Nike Inc. stated that leadership representation for women globally and underrepresented minorities (URM) in the U.S. “have not evolved as fast as we would have liked” since the company’s last sustainability report arrived in 2016. The report also lists an extensive number of steps Nike is taking to improve diversity and inclusion efforts.
Deckers Brands Crushes Income, Revenue Estimates
Footwear, apparel and accessories company Deckers Brands reported fourth-quarter net income of $29.7 million, or diluted earnings per share of 66 cents, up from last year’s Q4 loss of $12 million, or (49) cents per share, and beating analysts’ estimates by 31 cents per share.
Report: Nike To Replace Under Armour In MLB Deal
Nike Inc. is close to striking a deal to continue as Major League Baseball’s on-field apparel suppler in the 2020 season, according to a report from SportsBusiness Daily. Under Armour was expected to assume on-field rights from Nike in 2020.
Carhartt Appoints VP Of Marketing
Carhartt hired Janet Ries, who formerly worked for Rockport and Reebok, as vice president of marketing.
PGA Tour Superstore Celebrates Women’s Golf Day
PGA Tour Superstore will offer hours of free golf instruction and golf activities in recognition of Women’s Golf Day on Tuesday, June 5, 2018.
Sierra Trading Post Joins Warrior Dash As Official Outdoor Retail Partner
Warrior Dash, the 5k obstacle course race that more than 3 million participants have completed since 2009, and the race’s parent company, Red Frog Events, announced Sierra Trading Post as the official Outdoor Retail partner of Warrior Dash 2018.
Brooks Running Unveils First Personalized Performance Running Shoe
Brooks Running Company introduced the Brooks Genesys, the company’s first personalized running shoe— will become available for runners in the U.S. in early 2019.
Sportsman’s Warehouse’s Q1 Comps Climb 3.4 Percent
Sportsman’s Warehouse widened the company’s loss slightly in the first quarter, but both the loss and sales came in at the high end of expectations. Same-store sales were up 3.4 percent in the quarter ended May 5.
Duluth Tradings Opens 37th Store In Portland, OR
Duluth Holdings Inc., the parent of Duluth Trading Company, announced the grand opening of the company’s 37th store in Portland, OR.
Perry Ellis Committee Responds To George Feldenkreis’ Letter
in response to George Feldenkreis’ letter, Perry Ellis’ Special Committee said the committee is “disappointed that rather than moving forward with constructive negotiations, Feldenkreis continues to mischaracterize the status of negotiations.”
Adidas Extends UEFA Champions League Partnership
UEFA announced the extension of Adidas’ partnership with the UEFA Champions League for the 2018–21 cycle as the Official Match Ball Supplier, continuing the company’s relationship with the sportswear company which began in 2001.
USA Triathlon Unveils “Legacy Triathlon” To Be Held in Long Beach
USA Triathlon, in partnership with the City of Long Beach, announced plans for the Legacy Triathlon—a new event to be held in Long Beach, CA, starting July 20, 2019.
Fanatics To Make Nike Jerseys For NFL Fans
Mirroring the company’s upcoming MLB partnership with Under Armour, Fanatics secured the rights to make NFL jerseys and related merchandise under the Nike logo. For the NFL, aligning with Fanatics promises to significantly expand revenues with Fanatic’s expanding capabilities around on-demand production.
TJX Attracting Millennials, Gen-Z Through Digital & Traditional Means
The TJX Cos. Inc.—parent of Sierra Trading Post, T.J. Maxx, Marshall’s, HomeGoods and others—believes the company’s myriad of brands can reach the next generation of shoppers by strategically combining digital and traditional offerings.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal