Adidas reached a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to €2.1 billion, or about $2.5 billion.
Category: Footwear
Dillard’s Q2 Revenues Surge 72 percent
Dillard’s Inc. reported a strong rebound in earnings in the second quarter ended July 31 as sales grew 72 percent.
SportChek’s Same-Store Sales Climb 28.6 Percent In Second Quarter
Canadian Tire Corporation Ltd. reported comparable-store sales at SportChek improved 28.6 percent year-over-year in the second quarter ended July 3. Compared to 2019, comparable sales were up 5.1 percent at SportChek. Helly Hansen’s external revenue was $100.6 million, up 45.9 percent year over year.
Wolverine Worldwide Offers $550 Million Of Senior Notes
Wolverine World Wide Inc. announced that it is offering a $550 million aggregate principal amount of senior notes due 2029. Proceeds will be used to repay other notes.
Rocky Brands Increases Quarterly Dividend
Rocky Brands Inc. announced that its board of directors has approved a $0.015 increase, or an approximately 10.7 percent increase.
Jordan Footwear VP To Retire
Gentry Humphrey has announced his retirement from Nike Inc., according to a Complex report. He most recently served as the VP of Footwear for the Jordan Brand and has been with Nike since 1994.
Yue Yuen’s July Sales Decline 7 Percent
Yue Yuen’s consolidated operating revenue reached $611.3 million in July, down 6.6 percent against $654.4 million a year ago.
Bass Pro To Open Third St. Louis Location
Bass Pro Shops and Cabela’s announced plans to open a new store in Sunset Hills, MO. The 75,000-square-foot store will be the outdoor retailer’s third location in the St. Louis region.
Salomon Appoints New President
Amer Sports Corp. announced the planned appointment of Franco Fogliato as president and CEO of Salomon. Fogliato most recently held the position of executive vice president global omnichannel for Columbia Sportswear.
Prana Appoints Director Of North American Sales
Prana announced the promotion of Christian Castellani to North America sales director.
Puma Signs Christian Pulisic
Puma has signed Christian Pulisic, the American soccer star, to an endorsement deal. He had been with Nike.
Brooks Running’s Revenues Surge In Second Quarter
Brooks Running reported sales during the second quarter rose 75 percent compared to 2020.
Hibbett Opens Stores In Kansas City And Griffin
Hibbett announced the opening of the first Hibbett Sports location in Kansas City and the opening of a City Gear location in Griffin, GA.
Mizuno’s Quarterly Sales Climb 49.6 Percent
Mizuno Corp. reported sales jumped 49.6 percent in the first quarter ended June 30.
Sierra To Open First Minnesota Store Outside Twin Cities
Sierra announced plans to open its first Minnesota store outside of the Twin Cities.
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