HanesBrands appointed Barry A. Hytinen as chief financial officer effective Oct. 16, 2017.
Category: Apparel
Dick’s Sets Grand Openings For Four New Stores
Stores will open in Lincoln, NE, Camp Hill, PA and Fayetteville, NC.
Acushnet’s Wally Uihlein To Retire
Wally Uihlein, president and chief executive officer of Acushnet Holdings, the parent of Titleist, plans to retire, effective January 1, 2018. David Maher, Acushnet’s current chief operating officer, will succeed him.
Finish Line “Somewhat Optimistic” On Back-Half Sneaker Rebound
On a conference call with analysts, Sam Sato, Finish Line’s CEO, cautioned the company expects “sales and margin trends to remain difficult throughout the remainder of the year,” maintained its forecast for the year, and noted that the industry overall was still learning to adapt to changing buying behaviors around sneakers.
Aisle Talk, Week Of September 18
Top headlines from the active lifestyle industry you may have missed this week.
Finish Line’s Earnings Tumble In Q2
The Finish Line reported earnings tumbled 87.1 percent in its second quarter ended August 26 to $2.8 million, or 8 cents a share, as sales declined 3.3 percent. Results were in line with an update provided on August 28.
Consumer Direct Offense Gets Heavy Play At Nike’s Annual Meeting
At Nike’s 37th annual meeting held at its Beaverton headquarters, Nike officials discussed the company’s liberal leanings, its climate change actions and new NBA partnership. But most of the time was spent talking up its “Consumer Direct Offense” initiative.
Susquehanna Upgrades Hibbett Sports On Hurricane Benefits
Susquehanna Financial Group has upgraded its rating on Hibbett Sports as it expects its stores and recently-launched e-commerce site to benefit from footwear replacement needs caused by hurricanes Harvey and Irma.
Spartan To Bring Live Content To Facebook’s Watch Platform
The broadcasts will be produced with multiple cameras, drone coverage, graphic packages, audio commentary, replays and behind-the-scenes content.
Karmaloop Founder Launches Wanderset.com
Greg Selkoe, founder of Karmaloop.com, has launched Wanderset.com, a men’s fashion site “focused on telling the stories of and sourcing the next generation of designers and cultural creatives.”
TrackStreet Appoints VP Of Sales
TrackStreet, which specializes on MAP monitoring and enforcement, appointed Ryan Erickson, formerly at Teva, as VP of sales.
E-Bikes The Focus Of BPSA’s First-Ever Annual Report
The Bicycle Product Suppliers Association (BPSA) released its first-ever Annual Report and, not surprisingly, grappling with safety and legal issues around e-bikes was a major discussion point.
Manchester United’s Merchandising Revenues Climb In Fiscal Year
Manchester United plc reported Retail, Merchandising, Apparel & Product Licensing revenue was £104.0 million in its fiscal year ended June 30, an increase of 6.9 percent, over the prior year.
ICSC Forecasts Strong Consumer Spending This Holiday Season
The International Council of Shopping Centers (ICSC) forecasts a 3.8 percent year-over-year growth in retail sales for this holiday season.
RYU Apparel Opens First Toronto Store
RYU Apparel Inc. officially opened its first Toronto retail location on Thursday, September 21.
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