Rocky Brands Inc. topped Wall Street’s earnings and revenue estimates in the third quarter, as the Nelsonville, OH-based company again rode a healthy balance across the company’s portfolio brands and sales channels to more than double net income from the same quarter a year ago.
Category: Footwear
Jury Finds Three Defendants In Adidas Basketball Corruption Trial Guilty
All three defendants in the college hoops corruption trial, Adidas executive James Gatto, former Adidas consultant Merl Code and former sports agent Christian Dawkins, were found guilty Wednesday by a federal jury.
Fila Signs NBA Hall of Famer Grant Hill To Lifetime Deal
Fila announced that the company has signed a lifetime deal with Grant Hill. More than two decades after he first joined the Fila family, the brand is reuniting with the NBA Hall of Famer.
Shimano’s Profits Expand 3.2 Percent In Nine Months
Shimano Group reported that net sales in the first nine months increased 3.2 percent from the same period of the previous year to ¥253.9 billion. Operating income increased 2.7 percent to ¥47.8 billion, ordinary income increased 35.2 percent to ¥54.8 billion and net income increased 42.4 percent to ¥40.0 billion.
James Curleigh Lands At Gibson Guitars
James “JC” Curleigh, formerly head of Keen and of Salomon Sports N.A., has been appointed CEO of Gibson Brands Inc., the famed maker of guitars.
Rocky Brands Inc. Beats On Q3 Revenue & Income
Rocky Brands Inc. on Tuesday reported net sales for the third quarter ended increased 1.9 percent to $65.9 million compared to $64.7 million in the third quarter of 2017, beating Wall Street estimates by $0.4 million.
Macy’s Names Shawn Outler Chief Diversity Officer
Macy’s Inc. has announced that Shawn Outler has been named EVP, chief diversity officer, effective October 29. Outler was previously EVP, licensed businesses, food services and multicultural initiatives.
REI Co-Op To Close All Stores Again On Black Friday, Thanksgiving
For the fourth year in a row, on Thanksgiving day and Black Friday, REI Co-op will close all 153 stores, process no online payments and pay more than 12,000 employees to “Opt Outside” with friends and family.
Brooks Running Co. YTD Sales Jump 29 Percent
Brooks Running Co., which is owned by Berkshire Hathaway, on Tuesday announced record global growth as the company closed out the third quarter of the company’s fiscal year. Year to date, the brand reported a 29-percent increase in global revenue driven by a 32-percent increase in global footwear sales.
Keen Opens “Fan Engagement Center” in Shepherdsville, KY
Keen Inc., a family-owned outdoor and lifestyle footwear brand, on Tuesday opened a product distribution center, which the company is calling a “Fan Engagement Center,” in Shepherdsville, KY.
Luxottica Group’s Sales Expand 3.5 Percent In Q3
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported net sales in the third quarter of 2018 were up 3.5 percent at constant exchange rates thanks to the strong performance of the Retail division and e-commerce platforms as well as solid growth in Europe, North America and Asia-Pacific.
Li-Ning’s Comps Grew In The Low-Teens In Q3
Li-Ning Company Limited said same store sales for the third quarter ended September 30 registered a low-teens increase on a year-on-year basis. In terms of channels, retail (direct operation) and wholesale (franchised distributors) registered a high single digit growth respectively while the e-commerce virtual stores business registered a low-thirties growth.
Columbia Sportswear Appoints Gap’s Former CFO To Board
Columbia Sportswear Company announced that the company’s board of directors has elected Sabrina Simmons to serve as a director and member of the Nominating and Corporate Governance and Compensation Committees, effective immediately.
New Balance Signs High School Basketball Standout
New Balance has signed high school basketball standout Darius Bazley from Cincinnati to an endorsement deal, according to the New York Times.
Piper Jaffray: Vans And Adidas Still Favs With Teens
According to Piper Jaffray’s 36th semi-annual Taking Stock With Teens survey for Fall 2018, the most notable brand gainers in mindshare with teens have been Vans, Adidas, Lululemon and surprisingly, Crocs. Streetwear and 1990s themes were seen accelerating while Nike’s erosion in teen mindshare appears to be bottoming.
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