Genesco Inc. announced that its board of directors has authorized it to repurchase up to $100 million of the company’s common stock.
Category: Footwear
Foot Locker Partners Again With Fred Jordan Mission
This Friday and Saturday, Foot Locker will be handing out 3,000 brand-new athletic shoes to lower-income kids in the Los Angeles area through its ongoing partnership with Fred Jordan Mission.
Skechers Announces Significant Progress In Plastic Reduction
Skechers USA Inc. announced that since 2016, the company has reduced its use of plastic in its footwear packaging by 85 percent to 10 percent of its foot forms, all of which is recyclable.
Hibbett And City Gear Now Available Online With A Single Click
Hibbett and City Gear announced that they have teamed up to provide a new digital experience for customers. Shoppers can now browse and shop both brands online through a single website and app.
Kering Reduces Puma stake
Kering is moving to reduce its stake in Puma by issuing bonds that can be exchanged for shares in the brand, according to Reuters.
Adidas Renews Partnership With Louisiana Athletic
Louisiana Athletics and Adidas have entered a three-year partnership in which the Portland, Ore.,-based company will be the official athletic footwear, apparel and accessory brand of the Ragin’ Cajuns through the 2021-22 season
ORR Safety To Be Exclusive Distributor Of Under Armour To Safety Market
Orr Safety Corporation, a subsidiary of Orr Corporation, announced it has entered into an agreement with Under Armour, Inc. to be their exclusive distributor to the industrial safety market in the U.S.
Hibbett Announces Appointment Of Interim Chief Financial Officer
Hibbett Sports Inc. announced that Scott R. Humphrey is joining the company as interim chief financial officer effective September 29, 2019, replacing Christine Skold who fulfilled her contract term and has accepted a full-time permanent position in Nashville.
VF Corp. Targets 7-To-8 Percent Annual Growth
VF Corp. said it is targeting a five-year compounded annual growth rate (CAGR) between 7 percent and 8 percent through fiscal 2024, fueled by VF’s largest brands (Vans, The North Face, Timberland and Dickies) and the company’s international and direct-to-consumer business platforms.
Nike’s Q1 Blows Past Estimates
Nike Inc. reported earnings in the first quarter ended August 31 rose 25.2 percent and easily surpassed Wall Street’s targets. Currency-neutral sales grew 10 percent, led by a 27 percent jump in China and low-teens gains in both the EMEA and APLA regions. North America’s sales grew 4 percent.
China’s Topsports Seeks To Raise Up To $1.2 Billion in IPO
Topsports International Holdings Ltd, the sportswear business of Chinese footwear retailer Belle International, launched a Hong Kong initial public offering (IPO) to raise up to $1.2 billion, according to Reuters.
Adidas America To Fund Cycle-Track Outside Portland Headquarters
Adidas America Inc is looking to spend $1 million for the construction of a cycle-track on the street outside their headquarters in the Overlook neighborhood of north Portland.
Nike Seeking Rejection Of Avenatti Subpoena Requests
Nike has asked a federal judge to reject a subpoena request from celebrity lawyer Michael Avenatti, according to the Portland Business Journal.
New Balance Seeks To Block Nike’s Liverpool Deal
New Balance is taking legal action against Liverpool because they’re being prevented from matching Nike’s bid for the soccer club’s kit rights.
The Best Running Stores Event Announces 2020 Date and Location
The Best Running Stores, which is organized by Diversified Communications, producers of The Running Event and Running Insight, announced that next year’s event will be held in Stone Mountain, GA at the Atlanta Evergreen Marriott from May 17-19, 2020.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal