Eric Liedtke, who formerly led global brands at Adidas, is launching a zero-waste, zero-plastic streetwear brand called Unless, according to Business Of Fashion.
Category: Footwear
Designer Brands’ Q2 Profits Handily Top Wall Street’s Targets
Designer Brands Inc., the parent of DSW, reported earnings on an adjusted basis in the second quarter ended August 1 were more than double Wall Street’s targets. The company said it achieved record-setting second-quarter sales and gross profit at the U.S. Retail segment. Comparable sales were up 84.9 percent year-over-year.
WHP Global Acquires Lotto
WHP Global has acquired the global trademarks for the Italian sports brand Lotto. Lotto Sport Italia S.p.A. (LSI) and its current leadership team, including CEO Andrea Tomat, will continue to operate the Lotto brand in the core markets of Italy, Europe, the Middle East, and Africa.
Court Judge Rejects Under Armour’s Request To Dismiss UCLA Lawsuit
A Los Angeles Superior Court judge rejected Under Armour’s attempt to dismiss the lawsuit brought by UCLA seeking more than $200 million in damages over its terminated sponsorship deal.
WSS Named Partner Of The Los Angeles Dodgers
The Los Angeles Dodgers announced a multi-year partnership with WSS, the West Coast sneaker chain that recently entered into an agreement to be acquired by Foot Locker.
Allbirds Opens Store In Atlanta
Allbirds has opened a new retail store and community center at Atlanta’s Ponce City Market. It is the brand’s first store in the Atlanta area and 30th worldwide.
Hibbett Boosts Guidance As Q2 Far Exceeds Analyst Estimates
Hibbett Inc. raised its outlook for the year after reporting second-quarter results that came in well above Wall Street targets. Same-store sales declined 6.4 percent year over year but represented a surge of 72.8 percent compared to the second quarter of 2019.
Wolverine Worldwide Provides Update On Actions To Optimize Capital Structure
Wolverine World Wide Inc. provided an update on actions it has taken to increase the liquidity and flexibility of its capital structure, primarily through the sale of $550 million of 4.000 percent Senior Notes due 2029.
Golf Rounds Played Slide In July
U.S. golf rounds played were down 3.9 percent in July 2021 against a surge in play in the year-ago period due to the pandemic, according to Golf Datatech. For the year-to-date period, rounds played are ahead 16.1 percent.
SFIA Endorses Ocean Shipping Reform Act
SFIA announced it supports Congress in its recent proposed legislation to ease U.S. companies’ challenges regarding shipping during the pandemic.
Burlington Stores Sees Q2 Sales Expand 34 Percent Against 2019 Quarter
Burlington Stores Inc. reported profits on an adjusted basis rose 46.2 percent in the second quarter ended July 31 and sales grew 34 percent compared to the second quarter of 2019.
Nike Aims To Reduce Carbon Footprint
Nike is exploring the use of AirCarbon, a carbon-negative biomaterial produced by microorganisms from the ocean through a partnership with Newlight Technologies.
Under Armour Founder To Sell Stock
Kevin Plank, founder, executive chairman and brand chief of Under Armour, plans to sell up to 5 million shares of Under Armour stock, according to a regulatory filing.
GOA ‘Connect’ Show Early Registration, Vaccine Requirement And Expanded Refund Policy
GOA announced that advance registration is open for its annual ‘Connect’ buying show at the Kansas City Convention Center, scheduled for November 8-11, 2021. Attendees will be required to show proof of vaccination, with an expanded refund policy.
Dick’s SG Hikes Outlook As Second Quarter Crushes Analyst Targets
Dick’s Sporting Goods strongly raised its guidance for 2021 after reporting second-quarter earnings that came in well above Wall Street targets. Sales in the quarter increased 20.7 percent compared to the second quarter of 2020 and increased 45.0 percent compared to the second quarter of 2019. The company also announced a special dividend of $5.50 per share, a 21 percent increase in its quarterly dividend to $0.4375 per share and an increase in its planned share repurchases to a minimum of $400 million.
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