November retail sales were up 0.7 percent seasonally adjusted from October and increased 5 percent unadjusted year-over-year, completing the first half of the holiday shopping season with spending on track to easily meet the National Retail Federation’s forecast, NRF said.
Category: Footwear
IOC Launches First Olympic Store For Chinese Fans With Alibaba
The International Olympic Committee (IOC) and Worldwide TOP Partner Alibaba Group announced the launch of the first-ever Olympic store on Tmall, China’s largest B2C marketplace for brands and retailers.
Caleres Authorizes Stock Repurchase Program
Caleress’ board of directors authorized a stock repurchase program of up to 2.5 million shares, displaying the confidence the company has in its business and long-term prospects.
Lids Finds New Turnaround Partner In Fanzz
While ending up with a skimpier price than hoped for, Genesco finally found a buyer for Lids to enable the company to re-focus on its footwear platforms. For its part, Lids hopefully found a new major partner, Fanzz-owner Ames Watson Capital, and minor partner, Fanatics, to help further stabilize the struggling business.
Aisle Talk Week Of December 10
Top headlines from the active lifestyle industry you may have missed this week, including Fanatics marking its first licensing agreement with a university, a 10-year deal with the University of Oregon to license, manufacture and sell its sports gear beginning on January 1, 2020.
Darn Tough Vermont Donates Giving Tuesday Profits To Vermont Foodbank
Darn Tough Vermont, manufacturer of outdoor and lifestyle socks, has donated 100 percent of its profits from online sales on Giving Tuesday to the Vermont Foodbank.
Sports Direct’s Earnings Sink On House of Fraser Costs
Sports Direct reported earnings dropped 27 percent in the first half ended October 28 due to the August buy-out of House of Fraser. Earnings improved slightly excluding charges and losses at its segment including Bob’s and EMS was reduced.
Mizuno Signs American Olympic Medalist Blake Pieroni
Mizuno is furthering its commitment to the U.S. swimming market and has signed American freestyler, Blake Pieroni, in his first professional contract. The signing represents the brand’s first American swimmer.
Cherokee Global Brands Narrows Guidance On Revenue Decrease
Cherokee Global Brands on Thursday narrowed its guidance for the fiscal year 2019 after reporting third-quarter revenues declined 25 percent as the company continues to transition from its DTR licenses to new wholesale licensing partners in the United States.
Wall Street Reacts: Under Armour’s Investor Day
Most analysts applauded the progress Under Armour is making instilling greater operational and financial disciplines under its transformation efforts. Some were also encouraged by the innovation on display Wednesday at the company’s Investor Day in Baltimore. But growth concerns, particularly in North America, and overall execution issues in the competitive landscape continued to worry many on Wall Street.
Columbia Sportswear Announces Appointment of Peter Ruppe As VP Of Footwear
Columbia Sportswear Company announced the appointment of Peter Ruppe as Vice President of Footwear for the Columbia Brand. “Peter Ruppe is a true leader, bringing a unique combination of strategic and tactical thinking,” said Columbia Brand President Joe Boyle.
Farfetch To Acqure Stadium Goods
Farfetch Limited, a leading technology platform for the luxury fashion industry based in London, announced its definitive agreement to acquire Stadium Goods, the sneaker and streetwear marketplace, for an enterprise value of $250 million. Following the acquisition, Stadium Goods will continue to operate as a standalone brand on the Farfetch platform and will be led by its existing management team.
Under Armour Predicts Slow Recovery On Investor Day
At its Investor Day Wednesday in Baltimore, Under Armour officials touted early paybacks in its Transformation efforts and the brand’s ability tap into a Focused Performer consumer that globally represents $92 billion in revenue potential. But shares of Under Armour fell sharply on the day as Under Armour forecast only modest growth in the years ahead, including little pickup in North America.
Under Armour’s Shares Slide On Weak Guidance
Under Armour Inc. at its Investor Day on Wednesday introduced the company’s 2023 strategic growth plan that calls for a return to a low double-digit growth rate by 2023. But shares of Under Armour fell $2.32, or 10.5 percent, to $19.80 as the company said it expects only low single-digit revenue growth on average over the next five years, including 3 to 4 percent growth in 2019 as gains overseas offsets flat sales in North America.
Footaction Launches ‘No1Way to COZY’ Campaign Featuring Guapdad 4000
Footaction has announced #No1Way to COZY, the second installment in the brand’s #No1Way campaign. Fashion tastemaker and recording artist Guapdad 4000 stars in the three-part digital video series that defies social standards and fashion formality by showcasing some of fashions’ coziest apparel in unexpected settings.
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