Asics reported net profit decreased 1.4 percent in the first half despite a profit turnaround in the Americas region. Sales fell 3.3 percent due to declines in Japan, Europe and the Americas.
Category: Apparel
Nike Extends Partnership With British Athletics
British Athletics confirmed an extension to its partnership with Nike as official team wear provider until 2030.
Nike Launches Sneakrs In Europe
Nike launched its Sneakrs app in Europe. The app is available in 19 countries and across 14 languages.
Under Armour Signs Mavs Rookie Dennis Smith Jr.
Under Armour has signed Dallas Mavericks rookie Dennis Smith Jr. to an endorsement deal, according to ESPN.
North America Momentum Builds For Adidas
Helped by securing 400 new doors with Dick’s and Foot Locker so far this year, Adidas AG delivered 33 percent growth for the Adidas Brand in the North America region in the second quarter. On a conference call with analysts, Kasper Rorsted, Adidas AG’s CEO, said Adidas Brand has “not had the appropriate distribution” at places like Dick’s and Foot Locker and continues to benefit from greater allocations.
Columbia Announces Resignation Of Prana Brand CEO Scott Kerslake
Kerslake intends to resign his position, effective August 18, in order to assume another leadership position in an adjacent industry.
Black Diamond’s Q2 Loss Expands Slightly
Black Diamond slightly widened its loss in its second quarter ended June 30. Revenues grew with help of the launch of Black Diamond climbing shoes, its new ropes line as well as updates to harness, carabiner and helmets.
Is Reebok Making Progress?
Reebok is regaining traction in some key parts of the world but continues to see steep declines in North America due to an ongoing extensive reset in the region.
Collaboration: Adidas Originals x Savile Row Tailor Henry Poole
Each pair of Adidas x Henry Poole sneakers are presented in a limited edition wooden shoebox and garment bag.
Unifi Announces Executive Team Additions And Promotions
Unifi Inc. appointed Richard E. Gerstein as executive vice president, global branded Premium Value Added (PVA) products and chief marketing officer, and John Vegas as executive vice president, global chief human resources officer, effective August 14 and 21, respectively.
Dick’s Sporting Goods To Open Five New Stores In Three States
The omni-channel sporting goods retailer will be opening two new Dick’s stores and three new Field & Stream stores in the first half of August.
Aisle Talk, Week Of July 31
Top headlines from the active lifestyle industry you may have missed this week.
Callaway Golf Q2 Boosted By Launches
Boosted by a strong response to the launch of its EPIC driver and Chrome Soft golf ball franchises, Callaway Golf Company reported operating earnings in the second quarter more than doubled as sales ran up 24 percent.
Newell Brands’ Play Segment Impacted By Fishing Destocking
Solid growth on Beverages, Coolers and Team Sports was more than offset by a decline in Fishing related to broad retail inventory destocking across specialty and mass retailers and the negative impact of the Gander Mountain bankruptcy.
Dorel Sports Fights Off Top-Line Challenges With Improved Profitability
Dorel Sports, which owns Cannondale, Schwinn and Sugoi, again saw a sharp decline in revenues due to continued challenges in the cycling space and inclement weather, but underlying earnings improved on fatter margins.
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