361 Degrees reported total revenue in 2020 dropped by 9.0 percent to ¥5,127.0 million in 2020 from ¥5,631.9 million a year ago.
Category: Footwear
Yue Yuen’s Sales Fall 16 Percent In 2020
Yue Yuen Industrial (Holdings) Limited reported revenue of US$8,444.9 million in 2020, representing a decrease of 16.4 percent compared with the previous year. The fall in revenue was mostly attributed to the impact of the COVID-19 pandemic.
Texon Appoints New Group Sales Director
Texon has appointed Bryan Whitfield as its new group sales director. Whitfield has previously lead sales and business development for international companies including Avery Dennison, Velcro and Bemis.
Adidas Appoints New Head Of Outdoor Division
Adidas has hired Carla Murphy, former VP, global brand & product, Icebreaker, as general manager of its outdoor segment that’s being targeted for accelerated growth, according to a report in the Financial Times.
Nike And BSN Sports Partner With Hawaii Pacific University
The Hawai’i Pacific University Athletics Department announced a new five-year apparel partnership with Nike and BSN Sports that begins on July 1, 2021. The school had partnered with Adidas.
CODI Provides Update On Refinancing And Strengthened Capital Structure
Compass Diversified provided an update on its recent refinancing and strengthened capital structure.
BRS Confirms Sale Of DTLR Villa To JD Sports
BRS & Co. said it completed the sale of DTLR Villa LLC to JD Sports Fashion Plc for $495 million. BRS said it expects DTLR “to enjoy great success under JD ownership and to continue on its path to become one of the most successful specialty retailers in the U.S.”
Mountain Hardwear Partners With College Outside
College Outside, the primary collegiate sales channel for the outdoor industry, has partnered with Mountain Hardwear.
The Buckle Hikes Dividend, Promotes General Counsel
The Buckle Inc. announced a 10 percent increase in its quarterly dividend and the appointment of a new vice president, general counsel, and corporate secretary.
Fila USA’s Sales Improve 25 Percent In Q4
Fila Holdings Corp., based in Korea, reported sales at Fila USA were up 25.2 percent in the fourth quarter but down 19.5 percent for the year.
FitFlop Appoints CEO
FitFlop appointed Gianni Georgiades as CEO. He had been footwear CEO at Lacoste since 2018.
SFIA Applauds Reintroduction Of PHIT Act
Senators Chris Murphy (D-CT) and John Thune (R-SD) reintroduced the Personal Health Investment Today (PHIT) Act in Congress. In a statement, SFIA said the PHIT Act will make sports and fitness more affordable to Americans, as the country recognizes the value of physical activity in promoting good health.
L.L. Bean Registers Record-Breaking Revenue
L.L.Bean announced the close to its 2020 fiscal year, with annual net revenue totaling $1.59 billion, a 5 percent increase over 2019. The company also paid a performance bonus of 10 percent of annual pay to employees.
Li Ning’s Revenues Climb 4 Percent In 2020
Li Ning reported profits on an adjusted basis improved 34 percent in the year ended December 31 as revenues gained 4.2 percent.
Report: Nike Undergoes Additional Layoffs
Nike instituted an “unspecified number of recent layoffs” in an effort to build a “flatter, nimbler company,” according to a report from The Oregonian.
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