Oboz Footwear announced that Brian Krezel and Bob Downs have joined its design team.
Category: Footwear
Big 5 Outlines Strategy For Adapting To Market Pressures
Though Big 5 Sporting Goods Corp.’s third quarter earnings fell within guidance, the company was shy of expectations as August and September sales were “disappointing,” company President and CEO Steven Miller said on Tuesday afternoon’s earnings conference call with analysts.
Intersport Appoints New CEO
IIC-Intersport International Corporation GmbH (IIC) said Steve Evers, the current vice chairman of the IIC Board, was nominated as the new CEO. He will start in his new position early 2019. Victor V. Duran stepped down from his position as IIC CEO by mutual agreement with immediate effect.
More Than $2 Million Raised For Kids At 10th Annual Skechers Pier To Pier Friendship Walk
The Skechers Foundation broke new fundraising records for children with special needs and education at Sunday’s 10th annual Skechers Pier to Pier Friendship Walk, surpassing $2 million in contributions and totaling over $11 million since the Walk’s launch.
Nike Extends Deal With Tottenham Hotspur
Nike has extended the company’s deal with Tottenham Hotspur until 2033.
Behind The Deal: Hibbett Makes Strong Retail Play With City Gear Acquisition
Hibbett Sports Inc. CEO Jeff Rosenthal spoke with SGB about the company’s $88 million (plus undisclosed incentives) acquisition of Memphis, TN-based “city specialty” retailer City Gear, which the Birmingham, AL-based retailer believes will be transformational for both companies as they leverage each other’s strengths.
Under Armour’s Shares Pop As Transformation Gains Traction
Shares of Under Armour shot up $5.04, or 27.7 percent, to $23.23 Tuesday, the stock’s highest one-day gain since 2008, as the company reported third-quarter earnings that more than doubled Wall Street’s consensus expectations. On a conference call with analysts, Kevin Plank, CEO, described the performance as “another solid proof point that our multiyear journey toward becoming a more operationally excellent company is on track.”
Big 5 Sporting Goods Corp. Misses On Q3 Revenue, Earnings
Big 5 Sporting Goods Corporation on Tuesday reported financial net sales for the third quarter ended September 30 of $266.4 million, down from net sales of $270.5 million for the third quarter of fiscal 2017.
Brooks Considering Exiting China For Vietnam
Brooks Running is considering shifting the company’s manufacturing operations from China to Vietnam to avoid trade war tariffs, Brooks’ CEO Jim Weber said in an interview with CNBC’s “Squawk Box.”
New Balance To Appoint Joe Preston CEO
New Balance Athletics Inc. announced that president and chief executive officer Rob DeMartini will step down effective December 31, 2018 and New Balance veteran Joe Preston will assume the role.
Under Armour’s Q3 Flies Past Estimates
Under Armour Inc. reported earnings that handily topped Wall Street’s targets as international sales continue to spike and promotional activity lessened. Sales in the U.S. declined 2 percent. Earnings guidance for the year was slightly raised.
Golf Rounds Played Drop In September
According to Golf Datatech, golf rounds played in the U.S. were down 7.2 percent in September year-over-year on a national level.
VF Corp. Execs Talk Denver Relocation, Vans Growth & Other Timely Topics
VF Corp. CEO Steve Rendle and CFO Scott Roe spoke with SGB last week about five hot topics—the forthcoming move to Denver, VF’s commitment to becoming a purpose-led company, Vans’ five-year journey to $5 billion, growth drivers at The North Face and upside at two smaller brands—Icebreaker and Smartwool. Here’s what they shared.
Knight Commission Urges Financial Transparency Of Shoe And Apparel Income
In the wake of last week’s felony convictions for pay-to-play college basketball schemes, the Knight Commission on Intercollegiate Athletics pressed the NCAA to establish more demanding standards for oversight, including public transparency of shoe and apparel income, and professional preparation and certification of college basketball coaches.
Hibbett Sports To Acquire City Gear
Hibbett Sports Inc., an athletic specialty retailer, on Monday announced that the company has signed a definitive agreement to acquire privately held City Gear, a city specialty retailer of premium athletic footwear, apparel and accessories with 135 stores in 15 states.
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