The USTA announced plans to capitalize on opportunities throughout the US Open to drive awareness of a variety of key initiatives to promote and develop the growth of tennis throughout the country.
Category: Footwear
Caleres Sees 21 Percent Q2 Sales Decline In Famous Footwear
Caleres Inc. reported a 20.5 percent second-quarter sales decline in the Famous Footwear segment although comparable stores sales were up 14.7 percent during the quarter.
Shoe Carnival Sees Record Q2 On Strong Athletic Footwear Sales
Shoe Carnival Inc. reported record sales in the third quarter as same-store sales grew 12.6 percent and online sales more than tripled. Earnings were down slightly due to \higher shipping costs from elevated online sales and a shift to adult athletic sales which typically carry lower margins than non-athletic footwear.
Timberland Elevates Sustainability Goals
Timberland announced a goal for its products to have a net positive impact on nature by 2030. The goal includes having all products designed for circularity and made from natural materials sourced from regenerative agriculture.
John Donahoe Sees COVID-19 Response Showcasing Nike’s Strengths
In his first shareholder letter since taking over as Nike’s CEO and president in January, John Donahoe wrote that COVID-19 “offered a stress-test” of its Consumer Direct Offense strategy while stating “Nike’s underlying strengths and resilience have become even more evident in this crisis.”
Moody’s Assigns A2 Rating To Adidas’ New Senior Unsecured Notes
Moody’s Investors Service has assigned an A2 rating to the proposed senior unsecured notes issued by Adidas AG, consisting of €500 million notes due 2024 and €500 million notes due 2035. Adidas’ current A2 long-term issuer rating and Prime-1 (P-1) short-term issuer rating are unaffected by the issuance of these notes. The outlook on Adidas is unchanged at stable.
Toms COVID-19 Global Giving Fund Generates $2 Million
Toms, the company that designs and markets shoes as well as eyewear, coffee, apparel, and handbags, based in Los Angeles, CA, generated a total of $2 million in support of COVID-19 front line workers.
J.C. Penney Sale Talks Reach ‘Stalemate,’ Raising Threat Of Liquidation
J.C. Penney’s discussions with potential acquirers of the company have hit a “stalemate” and the bankrupt retailer’s top lenders are considering making a “credit bid” to own the retailer as a stand-alone company.
Swiss Running Brand On Launches Experiential Laboratory At Fred Segal
On, the Swiss performance brand has partnered on an in-store activation with Fred Segal, including a monthly-rotating experiential laboratory at the chain’s flagship location on Sunset Blvd. in West Hollywood, CA.
Nike Ends Relationship With Neymar
Nike has parted ways with Brazilian star forward Neymar a decade and a half after signing the star striker as a 13-year-old prodigy.
Walmart To Sell Shoes.com To CriticalPoint Capital
Walmart has agreed to sell Shoes.com to CriticalPoint Capital, the Los Angeles based private investment firm and owner of JackRabbit and Olympia Sports, according to a report from Bloomberg.
Crocs Chief People Officer Selected As Denver Business Journal 2020 C-Suite Award Winner
Crocs’ Senior Vice President and Chief People Officer, Shannon Sisler, was honored by the Denver Business Journal in their annual C-Suite awards, which recognize outstanding C-level executives for their invaluable contributions to the Denver region.
Hibbett Sports Crushes Wall Street’s Q2 EPS Targets
Hibbett Sports Inc. reported adjusted earnings of $50.0 million, or $2.95 per share, well above Wall Street’s consensus estimate of $1.15. Comparable sales catapulted 79.2 percent.
REI To Open Stores In Pigeon Forge, TN And Appleton, WI
REI Co-op will open new stores in Pigeon Forge, TN and Appleton, WI in September. The openings will mark REI’s fifth location in Tennessee and third in Wisconsin.
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