Emerald Expositions, the parent of the Outdoor Retailer trade show, reported a net loss of $90 million in the fourth quarter as it took $104.3 in impairment charge related to certain trade names and customer-related intangible assets.
Category: Footwear
Canada Goose Holdings Q3 Earnings Soar
Canada Goose Holdings Inc. reported third-quarter earnings catapulted 66.2 percent on a 50.2 percent revenue hike. Earnings came in well above Wall Street’s target. The company lifted its guidance for the year.
Puma Q4 Revenues Jump 20 Percent
Puma wrapped up 2018 by reporting significant earnings gains in the fourth quarter on a 20.1 percent revenue gain. For 2019, Puma expects earnings to climb 23 percent on a 10 percent sales increase.
Senate Votes To Reauthorize Land And Water Conservation Fund
The U.S. Senate passed a sweeping public lands package. The bill designates more than one million acres of wilderness for environmental protection and permanently reauthorizes the Land and Water Conservation Fund.
Puma And NBA Announce Multiyear Partnership
The National Basketball Association (NBA) and Puma announced a new multiyear partnership that will make Puma an official marketing partner of the NBA. Puma will be able to feature athletes in their respective NBA uniforms and team logos.
Moody’s Upgrades Caleres’ Debt Ratings
Moody’s Investors Service upgraded Caleres, Inc.’s Speculative Grade Liquidity rating to SGL-2 from SGL-3 due to the maturity extension of its asset based revolving credit facility.
Caleres Names Marci Grebstein SVP Marketing For Famous Footwear
Caleres on Tuesday announced Marci Grebstein will join Caleres as senior vice president of marketing for Famous Footwear on February 19. Famous Footwear is the largest brand in the Caleres portfolio, with over $1.6 billion in annual revenue.
Under Armour Struggles To Revive North America Growth
Under Armour Inc.’s fourth quarter came in better than expected in the fourth quarter due to strong growth internationally and fewer promotions. But sales in North America dropped 6 percent and a return to growth isn’t expected in the region until at least the second quarter. Patrik Frisk, president and COO, “When you’ve lost space on the shelf you got to earn it back and it takes a little bit of time.”
Tough Mudder Partners to Launch On-Demand Fitness Training Program
Openfit, a digital streaming platform, is teaming up with Tough Mudder to create Tough Mudder T-MINUS 30, a 30-day fitness and nutrition program to prepare participants for the physical and mental challenges of a Tough Mudder event.
Jon Caplan To Retire From Genesco
Genesco Inc. announced that Jon Caplan recently announced his retirement as chief executive officer of Johnston & Murphy and Genesco’s Branded Group, effective at the end of June 2019.
Skechers India To Become Wholly-Owned Subsidiary
Skechers U.S.A. Inc. announced that the company has purchased the minority share of its joint venture in India, transitioning the business to a new wholly-owned subsidiary of Skechers U.S.A. Inc.
Fila Extends Partnership With John Isner
Fila announced it has extended its partnership with the top ranked American male, World No. 9 John Isner.
BSN Sports Acquires Johnny Mac’s
BSN Sports has acquired the team sports business of Johnny Mac’s Sporting Goods, based in St. Louis. All nine of Johnny Mac’s stores are expected to close.
Wolverine Sets New Stock Buyback Program, Raises Dividend
Wolverine World Wide announced a number of actions that reflect its continuing commitment to enhance shareholder value. These include a new share repurchase program, a substantial increase in the company’s quarterly dividend, and further details on the recent amendment to its credit agreement and improved capital structure.
Retail Roundup … 7 Reports For February 2019
Retail studies arrived over the last two weeks around the state of influencer marketing, the link between inventory efficiencies and markdowns, turning one-and-dones into recurring customers, brands’ opportunities to “mend A divided nation,” and more…
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