Bogs, continuing on the recovery seen in 2018, saw revenues jump 23 percent in the first quarter. The gains were due primarily to higher sales to outdoor and online retailers.
Category: Footwear
Sequential Brands Posts Q1 Loss On Impairment Charge
Sequential Brands Group Inc., the parent of Avia, And1 and Gaiam, reported a steep loss in the first quarter due to an impairment charge related to the sale of the Martha Stewart and Emeril Lagasse brands. The company also noted that first-quarter results came in below expectations.
Brooks Running Extends Partnership With Marine Corps Marathon
Brooks Running Company and Marine Corps Marathon Organization (MCMO) have agreed to extend their relationship for another five years.
Crocs Shines In Q1
Crocs Inc. reported first-quarter earnings that handily topped Wall Street’s targets as sales topped expectations. Revenues benefited from its fifth consecutive quarter of double-digit DTC comp growth but growth accelerated overall with demand for Classic clogs in the Americas region exceeding supply.
Crocs’ Q1 Earnings Shows Significant Improvement
Crocs Inc. reported first-quarter earnings rose 52.6 percent on a better-than-expected 4.5 percent revenue gain and a sharp reduction in operating expenses.
RILA Criticizes Potential Move To Raise Tariffs
In a statement, RILA’s VP of international trade Hun Quach said that raising “tariffs on everyday goods will be a loser for middle-class families.” The statement came in response to President’s Trump threat to increase tariffs on Chinese goods.
NRF Responds To Administration’s Threat To Raise Tariffs
In a statement, NRF’s SVP of government relations, David French, said that a “sudden tariff increase with less than a week’s notice would severely disrupt U.S. businesses.” The statement was in response to President’s Trump threat to increase tariffs on Chinese goods.
Under Armour Partners With Long Island University
The Long Island University Department of Athletics announced that its unified athletics teams will enter into a five-year partnership with Under Armour as its official apparel supplier beginning in the 2019-20 academic year. The partnership will be executed by BSN Sports.
Decathlon To Open Ottawa Location
Decathlon will open a store in Ottawa in the fall for its fourth location in Canada, according to retail-insider.com.
Brooks Running Opens Distribution Center In Indiana
Brooks Running Company announced the opening of a distribution center to support faster delivery. Based in Whitestown, IN, the facility serves as the Brooks North American distribution center and will employ more than 130 people by 2023.
Adidas Continues Hot Streak In Q1
Adidas AG reported first-quarter earnings that topped Wall Street’s targets as the company benefited from strong growth in China and online as well as significantly higher gross margins. More encouragingly, strong spring launches are expected to set the stage for accelerated growth in the second half and the supply-chain issues slowing growth in North America are expected to be resolved by the end of the year.
Adidas’ Q1 Earnings Climb 17 Percent
Adidas reported a 17 percent rise in first-quarter net profit as double-digit growth in China compensated for weakness in Europe and North America. E-commerce revenue gained 40 percent
Genesco Announces New Stock Repurchase Authorization
Genesco Inc. announced its board of directors has authorized it to repurchase up to $100 million of the company’s common stock.
Under Armour Believes North America Has Stabilized
Under Armour’s earnings and sales that topped analysts’ expectations due to healthy overseas growth and efficiencies gained from its extensive restructuring efforts and stringent inventory controls. The most encouraging sign, however, was that the North America region is stabilizing.
Gildan Activewear Q1 Dragged Down By Lower Imprintables Restocking
Gildan Activewear reported a steep decline in earnings in the first quarter, as expected, as sales were impacted by lower levels of distributor restocking. Higher raw material and other input cost pressures also pressured margins.
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