Itochu Corp reached an agreement with Authentic Brands Group (ABG) for rights to distribute market and license Reebok in Japan.
Category: Footwear
On Hikes Guidance On Robust First Quarter
On, the Swiss running brand, raised its outlook for sales and earnings for the current year after reporting first-quarter results that easily topped Wall Street estimates. Net sales vaulted 67.9 percent in Q1 2022 and sales are now expected to grow at least 44 percent in 2022.
Sportsman’s Warehouse Appoints Chief Information Officer
Sportsman’s Warehouse Holdings, Inc. appointed Sruti Patnaik as chief information officer leading its information technology efforts and building out its omni-channel capabilities. She was at Ross Stores.
Snipes Appoints Chief Marketing Officer
Snipes announced that Rich Foster will join the company as chief marketing officer reporting to Jim Bojko, president of Snipes U.S. operations.
REI Appoints Chief Supply Chain Officer And General Counsel
REI Co-op announced that it hired Sylvia Wilks as senior vice president, chief supply chain officer and Minnie Alexander as vice president, general counsel and corporate secretary, effective May 23 and on May 31, respectively.
Allbirds Opens Locations In Chicago And Nashville
Allbirds opened stores in Chicago and Nashville, TN to bring its store count to 43.
Fila USA’s Sales Slip In First Quarter
Fila Holdings reported sales at its Fila USA segment were KRW 135.3 billion ($104 mm) in the first quarter, down 8.1 percent on a reported basis and 15.1 percent on a currency-neutral basis.
JD Sports Names Non-Executive Director
JD Sports Fashion PLC said Friday that it has appointed Suzi Williams as a nonexecutive director as the retailer continues to strengthen its board.
Outdoor Retailer Summer Attracts Over 550 Brands For Upcoming Show
Outdoor Retailer said more than 550 brands are exhibiting at Outdoor Retailer this summer in Denver, with over 20 percent representing new exhibitors.
Yue Yuen’s Q1 Sales Hurt By Declines At Pou Sheng
Yue Yuen reported profits grew 3.7 percent in the first quarter despite a 4.0 percent decline In revenues, mainly dragged by weak sales at its Pou Sheng retail chain.
Bemis Acquires France-Based Company, Protechnic
Bemis Associates, the 110-year-old adhesives and specialty films company based in Shirley, MA, and design partner to leading outdoor, sportswear, performance, luxury, and lifestyle brands worldwide, has acquired Cernay, France-based manufacturing company Protechnic.
Mizuno’s Q4 Sales Climb Double-Digits In Americas Region
Mizuno reported sales in the Americas region rose 15.9 percent in the fourth quarter and 30.4 percent in the fiscal year ended March 31.
Dillard’s Q1 Comps Improve 23 Percent
Dillard’s, Inc. reported strong improvement in earnings in the first quarter April 30 as same-store sales improved 23 percent and gross margins rose 470 basis points.
JD Sports Sees Strong Start To Year
JD Sports Fashion Plc. said same-store sales grew more than 5 percent in the first 14 weeks of the new financial year to May 7.
JCPenney Names CMO
JCPenney announced that John Aylward has accepted the position as chief marketing officer effective June 6, 2022.
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