An improving economy fueled a healthy 5.4 percent increase in retail sales year-over-year, the National Retail Federation said. Among sectors, sporting goods stores showed the only year-over-year decrease, down 5.9 percent.
Category: Apparel
VF Corp. Named One Of The World’s Most Ethical Companies
VF Corp. has been recognized as one of the 2018 World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
Foot Locker, Nike And Jordan Brand Celebrate 10 Years Of House Of Hoops
Timed for NBA All-Star 2018, the @HouseOfHoops Instagram account was launched with content featuring everyone from NBA players Kyle Kuzma, Devin Booker and Andre Drummond, to social influencers including King Imprint, Keone, Kid the Wiz and Lavaado.
PickleballCentral.com Announces Acquisition Of PickleballTournaments.com
Olla LLC, the parent company of PickleballCentral.com, announced that it has completed the acquisition of PickleballTournaments.com.
Asics Americas Profits Recover In 2017
Asics reported net earnings declined 16.7 percent in 2017 due to restructuring activities in its European operations. Profits in the Americas region bounced back as improved margins and a fewer bad-debt write-offs offset a 6 percent sales drop.
Shimano’s Profits Dip In 2017
Shimano reported earnings dropped 24.6 percent in 2017 despite a 4.0 percent gain in revenues.
HanesBrands Completes Acquisition of Australian Intimate Apparel Seller Bras N Things
HanesBrands announced that it has completed the acquisition of Bras N Things, a leading specialty retailer and online seller of intimate apparel in Australia, New Zealand and South Africa.
Genesco Exploring Sales Of Lids Sports Group
Genesco Inc. announced that the company is initiating a formal process to explore the sale of its Lids Sports Group business. The company believes the “best long-term interests of the company and its shareholders to focus on building upon our core footwear platform” while the Lids business is undervalued as part of Genesco.
Under Armour’s Share Climb On Sales Beat, Signs Of Stability
While reporting a fourth-quarter loss and a significant expansion of its restructuring program, shares of Under Armour climbed $2.49, or 17.5 percent, on Tuesday to $16.72 as sales came in above guidance with the help of momentum internationally and the overall business showed some signs of stabilizing.
Under Armour Q4 Beats Sales Targets
Under Armour Inc. said it plans to take additional restructuring charges in the range of $110 to $130 million in 2018 while announcing that its fourth-quarter sales exceeded estimates and earnings matched estimates. CEO Kevin Plank said the results “demonstrate that the tough decisions we’re making are generating the stability necessary to create a more consistent and predictable path to deliver long-term value.”
Bass Pro Announces 2018 Fitness Series Dates
Early registration is now open for the 2018 Bass Pro Shops Fitness Series, the twelfth annual lineup of races and runs celebrating health and wellness, outdoor adventures and wildlife conservation in the beauty of the Ozarks.
Reebok Classics Partners With Pyer Moss
On Saturday, February 10 at Spring Studios in New York City, Reebok and Pyer Moss and its founder, Kerby Jean-Raymond, unveiled its first collaboration of men’s, women’s and unisex sportswear and footwear styles, during the inaugural presentation for the new Reebok by Pyer Moss line for Fall 2018.
Adidas Originals Launches Collection At NY Fashion Week
Adidas Originals debuted a collaboration with Amsterdam-based designer Daniëlle Cathari with a presentation at New York Fashion Week on February 8. The capsule women’s ready-to-wear collection explores the idea of contrast while paying tribute to the authenticity of the Adidas Originals brand.
Nike Signs Top NFL Prospect Saquon Barkley
Nike signed Saquon Barkley, the Penn State running back expected to be the first running back selected in the upcoming NFL Draft, to an endorsement deal.
Hilco Vision Appoints Consumer Accessories Product Manager
Hilco Vision, a provider of eyewear and eye care products, hired Nick Gomez as its new consumer accessories product manager, responsible for its Croakies and Leader Swim brands.
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