The Buckle Inc. announced that comparable store net sales for the 5-week period ended April 6 increased 0.5 percent year over year. Net sales remained flat at $82.3 million.
Category: Footwear
Fila Appoints Jennifer Estabrook President, North America
Fila appointed Jennifer Estabrook, chief operating officer, as North America president.
Adidas To Sponsor The Premier Lacrosse League
Adidas has signed a multi-year partnership to become the official athletic footwear and apparel brand of the new Premier Lacrosse League (PLL). The six-team league starts in June.
Yue Yuen’s Revenues Expand In March
Yue Yuen Industrial Ltd. reported sales rose 2.9 percent in March to $879.7 million from $855.0 million.
Asics To Return As Presenting Sponsor Of Los Angeles Marathon
Asics announced a five-year sponsorship deal to return as the official footwear and apparel partner and presenting sponsor of the Los Angeles Marathon beginning in 2020. Skechers Performance, a division of Skechers, took over sponsorship of the marathon in 2016.
Under Armour Earns Upgrade On Improved Profit Outlook
Citigroup on Wednesday upgraded Under Armour on signs that its focus on profits is taking root and will pay off. The upgrade came a day after B. Riley reiterated its “Sell” rating on the stock as that firm’s annual brand survey found Under Armour losing ground to competitors.
James Gatto Settles Damages Claims
James Gatto, the former Adidas executive, agreed to pay $342,438 in restitution to Kansas, Louisville and N.C. State after being convicted on felony charges of wire fraud and conspiracy to commit wire fraud last October.
Bullish Report On Outdoor Apparel Sector
A new study from Stifel finds outdoor apparel consumers generally rate apparel and footwear brands in the outdoor category with high regard and place particular importance on versatility, comfort and style. The top four brands identified as primary outdoor apparel brands in an accompanying survey were Nike, Columbia, The North Face and Under Armour.
Kohl’s Earns Eighth Consecutive Energy Star Partner of the Year
Kohl’s announced that it has received the 2019 Energy Star Partner of the Year Sustained Excellence Award for continued leadership and superior contributions to Energy Star.
REI Sees Record 2018 Financial Results
REI reported sales reached a record $2.78 billion in 2018, growing 6 percent year-over-year. More than 1 million new members were added during the year, bringing the co-op’s total membership to more than 18 million. REI also announced a major expansion of its rentals and used gear program and launched a new national campaign promoting the outdoors.
Vans And Lululemon Gaining Ground With Teens
Piper Jaffray’s 37th semi-annual Taking Stock With Teens survey finds athletic brands overall remaining strong. Lululemon and Vans both achieved new survey highs. Among favorite footwear brands, Vans was the closest any brand has been to Nike in years.
Ten Active-Lifestyle Takeaways From Piper Jaffray’s Teen Survey
Vans and Lululemon are crushing it with teens. Nike and Adidas are plateauing while Under Armour and Supreme appear to be losing ground. But athletic apparel and footwear categories overall continue to grow in appeal with teens, according to Piper Jaffray’s 37th semi-annual Taking Stock With Teens survey.
Ecco’s Revenues Climb 3 Percent In 2018
Ecco reported sales in 2018 rose 3.1 percent to €1.31 billion from €1.27 billion in 2017. Profits before tax advanced 9.2 percent to €201 million from €184 million.
Pearl Izumi And The Renewal Workshop To Offer CircleBack Program At Sea Otter Classic
Pearl Izumi and The Renewal Workshop are setting up shop at the Sea Otter Classic, April 11-14, 2019, to collect used Pearl Izumi gear to repair and refurbish through CircleBack, giving gently used products a second life instead of adding to landfills.
IMF Study Finds Tariffs Can’t Fix Trade Problems
New research from the International Monetary Fund (IMF) finds that if the U.S. and China raise tariffs to 25 percent on all goods traded between the two countries, the U.S. economy would lose between 0.3 and 0.6 percent in growth, the Chinese economy would lose between 0.5 and 1.5 percent, and global growth would slow by 0.1 and 0.2 percent.
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