Li Ning reported profits on an adjusted basis grew in the first half while revenues only showed a slight decline despite the impact of COVID-19.
Category: Footwear
The Running Event Cancelled
Diversified Communications, organizer of The Running Event (TRE), announced it has canceled TRE, scheduled to take place December 1-3 in Austin, TX, due to health concerns stemming from COVID-19.
Puma Appoints General Manager For UK, Ireland And Benelux
Puma appointed Ben Hughes as general manager for the United Kingdom, Ireland and Benelux (UKIB) with immediate effect. In this role, Hughes takes over from Paul Spencer, who has assumed the position as Puma’s regional sales director Europe.
Foot Locker Opens Flagship In Singapore
Foot Locker Inc. has opened its largest store in Singapore. Located in Orchard Gateway @Emerald, the five-story space with retail over three-levels combines product, in-store presentations and customer experiences featuring a multi-branded basketball collection and a half-court in B2.
Yue Yuen’s Sales Drop 19 Percent In First Half
Yue Yuen Industrial (Holdings) Ltd. revenue of $4.09 billion in the first six months represents a decrease of 19.4 percent year-over-year.
Retail Sales Increase 1.2 Percent In July
The U.S. Census Bureau reported overall retail sales during July were up 1.2 percent seasonally adjusted from June and up 2.7 percent year-over-year. The July gain over June was lower than the 1.9 percent expected by economists, according to Reuters.
USA Triathlon Launches “Power Within” Campaign
USA Triathlon unveiled its Power Within campaign, a marketing initiative designed to reposition the sport of triathlon by addressing its challenges head-on, galvanizing the multisport community and inspiring new audiences to engage.
Revolve Group Posts Profit Against Loss In Q2
Revolve Group, the online fashion retailer, reported sales slid 11.8 percent in the second quarter to $142.8 million from $161.8 million a year ago.
Bass Pro Shops And Cabela’s Reward Store Associates With Bonuses Up To $1,000
Bass Pro Shops and Cabela’s have issued companywide bonuses for its hourly frontline retail, distribution center and manufacturing plant team of $250, $500, $750, or $1,000 based on job role and seniority, representing a multimillion-dollar investment to reward its Outfitters and employees for their efforts amid the pandemic.
Dillard’s Q2 Revenues Decline 35 Percent
Dillard’s Inc. reported total retail sales for the 13-week periods ended August 1 fell 35.2 percent to $893.2 million from $1.38 billion a year ago.
Sequential Brands Sees 14 Percent Q2 Sales Decline
Sequential Brands Group, the New York, NY-based parent of Avia, And1, Gaiam and SPRI, reported sales declined 14.4 percent in the second quarter ended June 30.
Asics Sales Drop 21.5 Percent In Half
Asics Corp. reported a loss in the six months ended June 30 as sales dropped 21.5 percent. In North America, sales were down 27.1 percent but online sales grew 151 percent in the region. In the second quarter, sales were down 30.4 percent globally and 26.5 percent in North America.
PSEB Names New Interim CEO
PSEB, the parent company of PacSun and Eddie Bauer, has appointed Mike Relich as interim CEO role, replacing Jim Gulmi.
Hurley Family Launching Apparel Line With John John Florence
Kandui Holdings LLC, founded by the Hurley family, announced plans to launch Florence Marine X, an apparel collection in collaboration with two-time world champion surfer John John Florence. The partnership comes after Kandui in early August acquired the outstanding assets and intellectual property of the Simple footwear brand.
Iconix’s Q2 Revenues Slump 35 Percent
Iconix Brand Group, Inc., the parent of Starter, Pony, Umbro, Danskin, and a number of other lifestyle brands, reported sales in the second quarter fell 35.1 percent to $22.3 million compared to $34.4 million in the prior-year quarter.
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