Skechers U.S.A., Inc. saw earnings double in the fourth quarter as sales grew 15.0 percent. International Wholesale sales grew 23.8 percent while direct-to-consumer sales jumped 18.1 percent. The company also predicted sales will advance about 26 percent in 2021.
Category: Footwear
Vans Commits To Make Core Materials 100 Percent Regenerative, Responsibly Sourced, Renewable Or Recycled By 2030
Vans announced its global commitments to environmental sustainability and responsibility by 2030. The company plans to create circular products and systems that use regenerative and recycled materials to reduce waste and keep products in use and out of landfills.
The North Face Announces Environmental Commitments
In honor of Earth Day, The North Face is introducing a new sustainability-focused “vision” it calls “Exploration Without Compromise,” which outlines a series of actionable commitments the company will implement over the next few years. The North Face plans to use a seal to identify its sustainable products which it defines as having been made with “75 percent or greater recycled, organic, regenerative and/or responsibly-sourced renewable materials by weight” on its website and in its stores.
VF Corp Appoints CFO
VF Corp. announced that it has appointed Matt Puckett to the position of executive vice president and chief financial officer. He was formerly VF’s VP, global financial planning & analysis.
Mytheresa Appoints President, North America
Munich-based online luxury-fashion retailer Mytheresa appointed Heather Kaminetsky as its president of North America, effective June 1.
Activist Investor Group Vexes About Delayed Annual Meeting
Legion Partners Asset Management LLC, the Activist Investor Group that has nominated seven directors to sit on Genesco’s board, criticized the decision to delay Genesco’s annual shareholder meeting in an open letter to the retailer’s board of directors.
Vans Appoints Global Chief Marketing Officer
Vans announced that Kristin Harrer has joined the company as global chief marketing officer. Harrer joins Vans from Dollar Shave Club.
Nike To Open Warehouse In Pennsylvania
Nike has signed a lease for the 1,041,600-square-foot building at 3633 Commerce Center Blvd. in the Majestic Bethlehem Center. The facility is expected to support e-commerce fulfillment on the East Coast, with the company drawn to Lehigh Valley’s proximity to New York City.
Li-Ning Sees Sales Surge In Q1
Li Ning Company Ltd. reported retail sell-through of Li Ning POS increased in the high-eighties in the first quarter ended March 31.
361 Degrees Sees Robust Q1 Revenue Growth
361 Degrees International Ltd. reported retail sales of 361° core branded products for the first quarter of 2021 increased by high-teens when compared to that for the same period of 2020.
Zalando Expects First Quarter Results Above Market Expectations
Zalando SE expects first quarter results above market expectations as a result of a stronger-than-expected start to the spring-summer season as well as a lower-than-expected return rate. Revenues are seen jumping in the range of 46 to 48 percent.
Hibbett Sports Opens Store In Jonesboro, GA
Hibbett Sports announced the opening of the newest Hibbett Sports in Jonesboro, GA. The new store is located at 8071 Tara Blvd.
LEKI Owner, Waltraud Lenhart, Passes Away
Waltraud Lenhart, owner and managing partner of LEKI, unexpectedly passed away after a short and serious illness. She was 64 years young.
Nike Deal With Kobe Bryant Expires
The estate of Kobe Bryant did not renew the late basketball stars Nike deal this month as negotiations between the two sides fell apart. The news was first reported by Complex and later confirmed by Nike.
Under Armour Downsizes Port Covington Headquarters Plan
Under Armour announced plans to redevelop its waterfront land in South Baltimore’s Port Covington as a global headquarters by 2025. Under Armour described the development as a “reimagine for a post-COVID environment” that will downsize its global corporate and Americas regional functions into one location with a hybrid office/home workplace model.
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