New Balance has signed San Antonio Spurs guard Dejounte Murray to an endorsement deal with New Balance. Murray joins Kawhi Leonard of the Los Angeles Clippers and Oklahoma City Thunder rookie Darius Bazley.
Category: Footwear
TJX Lifts Guidance On Q3 Beat
The TJX Companies Inc. raised its guidance for the year as both sales and earnings per share exceeded expectations in the third quarter. The report also shows that the store count for Sierra Trading has grown to 46 from 39 a year ago.
Kohl’s Cuts Annual Profit Guidance On Q3 Shortfall
Kohl’s Inc. reduced its earnings outlook for the year after reporting third-quarter earnings slumped 28 percent and came in below Wall Street’s targets. Same-store sales inched up 0.4 percent in the period.
October Retail Sales Grew 4.2 Percent
Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation said.
Eddie Bauer Signs Carla Perez And Angela Hawse To Guide And Athlete Team
Eddie Bauer announced the addition of two highly accomplished mountain guides, Angela Hawse and Carla Perez, to its world-class guide and athlete team.
Zappos.com Introduces Goods For Good Platform
Zappos.com announced Goods for Good, a new purpose-driven customer experience that makes it easier and more convenient than ever to shop over 150 eco and socially conscious brands.
Gert Boyle Celebration Of Life To Be Held On December 5
The family of Gert Boyle, former chair of Columbia Sportswear Company, will host a Celebration of Life in her honor on December 5, 2019. The event will be held at Veterans Memorial Coliseum in Portland, OR.
Nike Appoints Thasunda Brown Duckett To Board
Nike Inc. announced that Thasunda Brown Duckett, CEO of Chase Consumer Banking, has been appointed to the company’s Board of Directors. Duckett represents the fourth woman on Nike’s current 14-member board.
Under Armour Disputes WSJ Accounting Irregularities Report
Under Armour Inc. issued a statement in response to a Wall Street Journal article, maintaining that its accounting practices have been “entirely appropriate.”
J. C. Penney Sees Lower-Than-Expected Loss
J. C. Penney Company Inc. reported a loss that was lower than expected in the third quarter and raised its guidance for EBITDA for the year. Same-store sales were down 6.6 percent.
REI Co-op To Open Four Stores On November 15
For the first time in its 81-year history, REI Co-op will open four new stores in a single day on November 15, bringing quality outdoor gear, experiences and expertise to Farmington, UT; Huntsville, AL; Oklahoma City and Williston, VT. By the end of the year, REI will have opened a total of eight new stores, relocated two existing stores to larger locations, and opened three new boathouses in 2019.
Nike Announces 11 Percent Increase In Quarterly Dividend
The payout will mark Nike’s 18th consecutive year of increasing dividend payouts. Said Mark Parker, Chairman, President and CEO of Nike, Inc. “This dividend increase, combined with the four-year $15 billion share repurchase program announced in 2018, reflects continued confidence in our strategies to generate long-term, profitable growth as we accelerate execution of our Consumer Direct Offense.”
Altra’s Todd Dalhausser To Speak At 2020 Running USA Conference
Todd Dalhausser, president of Altra Running, will be one of the keynote speakers at the 2020 Running USA Industry Conference presented by Race Roster.
Conspiracy Charges Dropped In Michael Avenatti Nike Case
Federal prosecutors on Wednesday dropped two counts of conspiracy against Michael Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan.
Yue Yuen’s Sales Expand 5 Percent In Nine Months
Yue Yuen reported earnings in the nine months rose 12.1 percent on a 5.1 percent revenue gain.
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