JD Sports Fashion reported a rise in annual earnings and indicated Finish Line’s comps in the U.S. grew 9 percent. However, the UK’s largest sneaker chain cut its dividend and warned the coronavirus outbreak has constrained its short term progress.
Category: Footwear
L.L.Bean Plans Three Stores In Canada
L.L.Bean announced the expansion of the brand in Canada, with three new L.L.Bean stores scheduled to open in Ontario by the end of 2020.
Kathmandu Sees Strong Rip Curl Recovery As Stores Reopen
Kathmandu Holdings Limited reported that total Group sales for the 10 months ended May 31 were down 15.1 percent versus the prior-year comp period but retail store and online sales have “generally exceeded management expectations since stores began reopening.
Nordstrom Will Pay Half Rent For The Remainder Of 2020
Nordstrom has reportedly notified its landlords that it will pay only half of its rent costs for the rest of 2020.
Nike Removes Redskins Apparel From Its Website
Nike, the NFL’s official gameday uniform supplier, has taken down Washington Redskin’s apparel from its website amid renewed calls for the NFL team to change its name.
USA Cycling Cancels National Championships
USA Cycling announced the cancellation of multiple National Championships for the 2020 season.
University Of Denver Adding Women’s Triathlon As Varsity Sport
USA Triathlon, along with Karlton Creech, University of Denver Vice Chancellor for Athletics, Recreation and Ritchie Center Operations, announced that the University of Denver will add women’s triathlon to its varsity sport offerings. The school is the 37th in the nation, the second in Colorado and the ninth at the NCAA Division I level to add the sport.
NRF: Pandemic Recession Could Already Be Easing
The economic downturn brought on by the coronavirus pandemic has officially been declared a recession, but National Retail Federation Chief Economist Jack Kleinhenz said the key question is how long it will last.
AAFA Welcomes USMCA Implementation
American Apparel & Footwear Association (AAFA) President and CEO Steve Lamar welcomed the implementation of the U.S.-Mexico-Canada Agreement (USMCA) ahead of its entry into force on July 1.
Hannibal-LaGrange University Partners With BSN Sports And Nike
Hannibal-LaGrange University in Missouri announced that it has entered into a multi-year partnership with Nike through BSN Sports to make Nike the official apparel of HLGU Athletics. BSN will also serve as the official equipment provider.
Genesco Names New Board Chair
Genesco Inc. announced that Mimi E. Vaughn, the company’s president and chief executive officer, has been named to the additional position of chair of the board of directors, effective July 1, 2020. Vaughn will succeed Robert J. Dennis, implementing the final step of a transition plan that began in 2018.
Macy’s Reports $3.58 Billion Quarterly Loss
Macy’s Inc., in line with a pre-announcement, reported a steep loss in the first quarter but said it expects sales to gradually improve over the remainder of the year as coronavirus lockdown orders ease. Said CEO Jeff Gennett. “We do not anticipate another full shutdown, but we are staying flexible and are prepared to address increases in cases on a regional level.”
PeopleForBikes President Announces Retirement
After 16 years at the helm of PeopleForBikes and four decades working in the bike industry, President Tim Blumenthal has announced his retirement. Jenn Dice, the organization’s COO, will become president and CEO on July 1.
Pocket Outdoor Media Acquires Three Divisions From Active Interest Media
Pocket Outdoor Media (POM), the endurance sports media platform, announced the acquisition of the Healthy Living, Fitness, and Outdoor divisions of Active Interest Media (AIM). Included in the AIM acquisition are: Yoga Journal, SKI, Climbing, Backpacker, Warren Miller Entertainment, Oxygen, IDEA Health and Fitness Association, Clean Eating, Vegetarian Times, Better Nutrition, NatuRx, Muscle & Performance, Nastar, Fly Fishing Film Tour, National Park Trips, and SNEWS.
Adidas HR Chief Resigns Following Claims Of Discrimination
Karen Parkin, executive board member of Adidas AG, responsible for global human resources, has informed Adidas AG’s Supervisory Board that she will step down from the Executive Board and leave the company. The move comes as Adidas has faced criticism from employees who say it fosters a racist and discriminatory workplace.
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