Footwear People

Yue Yuen Industrial (Holdings) Ltd. reported earnings declined 40.3 percent in the year ended December 31 to $307.1 million. Revenues were down 6.3 percent to $9.7 billion. (Read More)

Hibbett Sports, Inc. reported fourth-quarter earnings rose slightly but came in well above Wall Street's targets. The retailer also announced plans to close 95 stores this year as part of an "accelerated store closure plan" and a transition plan with the pending retirement of CEO Jeff Rosenthal. (Read More)

Nike Inc. reported quarterly earnings that slightly topped analysts’ expectations and sales that were in-line. The 7-percent revenue growth was driven by broad-based strength across all geographies as well as Nike Direct, led by digital. By region, the gains were led by Greater China, up 23 percent; followed by EMEA, 9 percent; and North America, 7 percent. (Read More)

Denison University, based in Granville, OH, has entered into a multi-year partnership with Nike through BSN Sports. (Read More)

While Nike still dominates March Madness sponsorships. Under Armour saw a record 17 of its schools head to the NCAA men's basketball tournament, up from only 10 the prior year. While Nike still dominates March Madness sponsorships. Nike sponsored 40 of the 68 schools and Adidas, 11. (Read More)