USA Triathlon announced several key organizational updates, including the election of Jacqueline McCook as president of the USA Triathlon board of directors, and Joel Rosinbum as vice president of the board, becoming the first woman and elite paratriathlete, respectively, to ever hold these positions.
Category: Footwear
OrthoLite Makes Strategic Hires
OrthoLite, the maker of insoles, announced the hiring of Milton Brice as chief financial officer and Mark Coffield as general manager, Vietnam, as the company continues its global expansion and growth.
New Balance Uses Avatar To Launch Shoe
New Balance partnered with Genies, the maker of avatars, on the launch of the Fresh Foam Roav shoe.
FDRA Responds To President Trump’s Mexico Tariff Increase Announcement
FDRA President & CEO Matt Priest in a statement wrote his organization is “deeply concerned about the President’s continued use of tariffs as a political weapon” in response to President Trump’s Mexico tariff increase announcement.
RILA: Retailers Warn The Tariff Bill Is Adding Up For American Consumers
The Retail Industry Leaders Association (RILA) Vice President of International Trade Hun Quach issued the following statement in response to the Trump Administration’s recent announcement that the U.S. will impose a 5 percent tariff on all Mexican imports beginning June 10.
NRF: Retailers Warn Of Growing Tariff Bill For American Businesses And Consumers
The National Retail Federation issued the following statement from senior vice president for government relations, David French, in response to the Trump administration’s plans to impose a 5 percent tariff on all Mexican imports starting June 10.
Genesco’s Q1 Boosted By Journeys
Genesco Inc. said both sales and earnings exceeded expectations in the first quarter due to continued momentum at Journeys. The retailer now expects full-year earnings at the high-end of guidance.
U.S. Footwear Industry Unites in Opposition to China Tariffs
Five industry trade groups – American Apparel & Footwear Association (AAFA), Footwear Distributors and Retailers of America (FDRA), Outdoor Industry Association (OIA), Rubber and Plastic Footwear Manufacturers Association (RPFMA), and Sports and Fitness Industry Association (SFIA) – sent a letter to President Donald J. Trump on May 30 opposing the proposed use of punitive tariffs on footwear equipment, footwear inputs, and finished footwear imported to the U.S. from China
Moody’s Completes Periodic Review of Bass Pro’s Debt Ratings
Moody’s Investors Service said it completed a periodic review of the ratings of Bass Pro Group, L.L.C and essentially affirmed the company’s Ba3 corporate debt rating.
Tilly’s Warns On Sluggish Spring Sales
Tilly’s Inc. reported first-quarter earnings and sales both reached the high-end of guidance. But the action sports chain warned of a down second quarter as spring/summer selling has seen a slow start due to cool and wet weather patterns across much of the country, particularly in California.
Skechers To Sponsor European Solheim Cup Team
Skechers has been named the official footwear sponsor of the European Solheim Cup Team for the 2019 tournament in Gleneagles, Scotland. The Skechers GO GOLF Pro 2 Solheim Cup colorway will be exclusively worn by a selection of Team Europe women.
Designer Brands’ Q1 Profits Climb Double-Digits
Designer Brands Inc, formerly DSW Inc., raised its full-year guidance after reporting adjusted earnings in the first quarter rose 10.3 percent increase on a 23.4 percent revenue gain. Comparable sales increased 3.0 percent following a 2.2 percent increase in the first quarter of fiscal 2018.
Sportsman’s Warehouse’s Q1 Falls Short Of Guidance
Sportsman’s Warehouse Holdings Inc. slightly reduced its outlook for the year after results in the first quarter ended May 4 missed plan. Jon Barker, CEO, stated, “Our first quarter results were within our expectations on the top line and slightly below on the bottom line as we were up against difficult comparisons in the prior year period for our firearm and ammunition categories.”
Canada Goose’s Q4 Revenues Climb 25 Percent
Canada Goose reported flat earnings on an adjusted basis in the fourth quarter ended March 31 while revenues rose 25.1 percent.
VF Corp Appoints EVP, Global Supply Chain
VF Corporation announced the appointment of Cameron Bailey to the position of executive vice president, global supply chain.
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