Following a successful year in which the brand reported a 26-percent year-over-year increase in global revenue, Brooks Running Company has promoted Dan Sheridan to a newly configured role of EVP and chief operating officer. Responsibilities include leadership of the brand’s sales, e-commerce, digital, supply chain and information technology (IT) teams.
Category: Footwear
Strong Boot And Retro Sales At Journeys Lifts Genesco’s Q4
Powered by healthy momentum for the Journeys chain, Genesco Inc.’s earnings before non-recurring items rose 18.8 percent in the fourth quarter. The company was also aided by a better-than-expected performance by the recently-sold Lids Sports Group in its last quarter with the company.
Genesco Q4 Exceeds Guidance On Journeys Momentum
Genesco Inc. reported earnings excluding non-recurring items rose 18.8 percent in the fourth quarter. Comps grew 4 percent, led by a 7 percent climb at the Journeys chain.
Under Armour’s Social Compliance Program Accredited By The Fair Labor Association
The Fair Labor Association (FLA) announced that its board of directors has accredited the social compliance program of Under Armour Inc. The accreditation confirms the company has strong policies and practices in place to set goals, monitor, and remediate problems to improve conditions for the workers within its global supply chain.
Stars Come Out For National Health Through Fitness Day
Athletes in attendance at SFIA’s 20th annual National Health Through Fitness Day on Wednesday boasted one World Series, one Stanley Cup, 11 Olympic medals; one Heisman Trophy; seven Pro Bowls invites; one NBA Most Improved Player Award and 10 MLB All-Star Game appearances.
Adidas’ Supply Chain Problems Stunt North America’s Momentum
Adidas warned investors it will miss its 2019 growth target because supply chain bottlenecks in the first half of the year are making it difficult to meet demand. The growth is particularly expected to slow in North America, where it has doubled its business in the last three years to take market share from rival Nike
Adidas, USA Volleyball Launch 2019 Adidas Volleyball Experience
Adidas, USA Volleyball and Next College Student Athlete (NCSA) announced the first-ever Adidas Volleyball Experience. The event is free and open to current high school women’s volleyball players.
Adidas Sees Supply Chain Constraints Slowing Growth In First Half
Adidas said it expects supply-chain bottlenecks in North America to slow its growth to between 3 percent and 4 percent in the first half of 2019 before accelerating in the second half. The company still expects growth between 5 percent and 8 percent on a currency-neutral basis overall in 2019, including high-single-digit growth in North America.
Skechers Pier to Pier Friendship Walk Celebrates 10 Years
The Skechers Foundation distributed checks for its largest-ever donations to children with special needs and education after a record-setting year at its 10th annual Skechers Pier to Pier Friendship Walk, sponsored by Nickelodeon and NBC4 Southern California.
Dick’s Traffic Doldrums Continue
Dick’s Sporting Goods reported better-than-expected fourth-quarter results and outlined a number of initiatives to jump-start comp growth, including replacing its hunt sections in another 120 stores with faster-turning categories and switching out its licensed Reebok brand for a new private-label athletic label. But shares of Dick’s fell as management predicted only minimal top-line recovery in the current year.
Report: Modell’s Hires Restructuring Adviser
Modell’s Sporting Goods has retained Berkeley Research Group as its financial adviser to explore restructuring options, including a possible bankruptcy, according to a report from the Wall Street Journal.
Dick’s Sees Return To Positive Comps In Second Quarter
Dick’s Sporting Goods reported fourth-quarter earnings exceeded Wall Street’s targets. Overall earnings and sales fell in the quarter due to a calendar shift. For the full year, the leading U.S. sporting goods chain predicted consolidated same store sales to be approximately flat to an increase of 2 percent, with positive consolidated same store sales beginning in the second quarter.
Yue Yuen’s Sales Slip in February
Yue Yuen Industrial Ltd. reported sales slid 2.6 percent in February to $673.0 million from $691.0 million.
Nike Partners With UEFA Women’s Football
Nike has reinforced its commitment to the growth of women’s football by agreeing a landmark partnership with UEFA. The three-year deal sees Nike become an official partner of UEFA Women’s Football and the match ball supplier for UEFA Women’s competitions.
Adidas Partners With Dick’s On Tango League Tournament
Adidas Soccer partnered with Dick’s Sporting Goods to further expand the Adidas Tango Qualifying soccer tournament to five new U.S. cities.
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