The United States Trade Representative (USTR) announced Friday that the U.S. would not initiate Section 301 Tariffs of up to 25 percent on Vietnamese imports in response to currency manipulation.
Category: Footwear
NPD Sees Performance Footwear Sales Climb 23 Percent In Second Quarter
The NPD Group reported total U.S. performance footwear sales grew 23 percent in the second quarter while leisure footwear sales climbed at a slightly higher rate. Fashion footwear sales decreased mid-single-digits.
Puma Expands Gen.G Partnership
Global esports organization Gen.G and Puma announced an expansion to the brands’ existing partnership in South Korea, as Puma becomes the official jersey of Gen.G’s Global pro teams and creators, including the Gen.G Valorant players and creators in North America.
JD Sports Acquires Stake In Gym King
JD Sports has announced a multi-million dollar investment in the UK, Yorkshire-based athleisure retailer Gym King, taking a “significant” minority stake in the firm.
Skechers Lifts Outlook On Q2 Beat
Skechers U.S.A., Inc. significantly raised its guidance for the year after reporting earnings and sales in the second quarter that came in well ahead of guidance. Sales rose 127 percent in the second quarter year-over-year and gained over 30 percent as compared to the second quarter of 2019.
Rack Room Shoes Makes Key Promotions
Rack Room Shoes has promoted Dawn Heath to director of integrated marketing and Julie Barr to vice president of human resources.
Golf Rounds Played Show Weakness In June
U.S. golf rounds played were up 0.4 percent in June 2021 against a surge in play in the year-ago period due to the pandemic, according to Golf Datatech. For the year-to-date period, rounds played are ahead 22.8 percent.
Sequential Brands To Sell DVS Footwear Brand
Sequential Brands Group Inc. in a regulatory filing said it sold its 65 percent interest in DVS Footwear to Elan Polo International Inc. for $2 million in cash.
GNC Strengthens Executive Leadership Team With New Appointments
GNC announced that it has appointed Nate Frazier as EVP, chief operating officer and Karlyn Mattson as chief merchandising officer.
Adidas Partners With University Of Hawaii At Manoa
Adidas signed a four-year partnership with the University of Hawaii at Manoa. Adidas becomes the official athletic footwear, apparel and accessory brand of the Rainbow Warriors and Rainbow Wahine through the 2024/25 season.
Global Sales Guys Appoints VP Of Action Outdoor
Global Sales Guys (GSG) announced that it has hired action sports Industry veteran Dave Rosenberger to the newly created role of VP of Action Outdoor.
Crocs’ Q2 Revenues Surge 93 Percent
Crocs Inc. reported earnings improved significantly in the second quarter as revenues grew 93 percent and 88 percent on a currency-neutral basis. The company raised its sales growth outlook for the year to 60 to 65 percent, up from 40 to 50 percent previously.
PF Flyers Sold To New Balance’s Owner’s Daughter
New Balance has sold the PF Flyers to Kassia Davis, the daughter of New Balance chairman and majority owner Jim Davis. She has partnered with Pensole founder D’Wayne Edwards to relaunch the sneaker brand this fall.
Crocs Announces Commitment To Become A Net Zero Company By 2030
Crocs Inc. announced a commitment to becoming a net-zero company by 2030 with a strategic focus on sustainable ingredients and packaging.
Ecco USA President To Step Down
Ecco announced that Dave Quel, president, Ecco USA, would retire at the end of July after 22 years with the company. Klaus Flock, CFO, Ecco USA, will assume the role of interim president until a successor has been appointed.
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