Mizuno Corp’s net income declined 54.8 percent in the fourth quarter ended March 31 as sales sunk 6.7 percent. In the Americas region, sales were up 5.0 percent.
Category: Footwear
Neiman Marcus Files For Bankruptcy
Neiman Marcus Group filed for bankruptcy Thursday in the U.S. Bankruptcy Court for the Southern District of Texas. The luxury chain has struggled to pay down $5 billion in debt, much of it from leveraged buyouts in 2005 and 2013.
NPD: Sporting Goods, Home Fitness And Cycling Sales Surge In The U.S.
As U.S. consumers tackle ways to keep themselves and their families busy, active, and fit during this time of social distancing, sports and home fitness equipment as well as children’s and adult leisure bicycles have seen double- and triple-digit sales increases, according to retail sales data from The NPD Group.
New Balance Donates $1 Million In Sneakers To Healthcare Workers
New Balance announced that it is teaming up with its athletes, including Milos Raonic, Sydney McLaughlin, Dejounte Murray, Rose Lavelle, Rob Pannell, Trayvon Bromell, Joey Gallo and Zdeno Chara, to collectively donate more than $1 million worth of footwear to front line medical workers.
Kohl’s Announces Phased Approach For Store Reopenings
Kohl’s announced its plans to reopen stores in 10 states on Monday, May 11, after opening stores in four states earlier this week.
New Balance Taking Ownership Of High School Nationals
New Balance said it will be parting ways with the National Scholastic Athletic Foundation (NSAF), which has handled registration, coordinates meet planning and public relations for New Balance’s national high school indoor and outdoor championships. The brand will be taking sole ownership in directing and coordinating its own meet starting in 2021.
The Aldo Group Announces Intention To Restructure Under Companies’ Creditors Arrangement Act
The Aldo Group Inc., the fashion footwear brand, announced that it sought and obtained an initial order pursuant to the companies’ Creditors Arrangement Act (CCAA) from the Superior Court of Québec. In addition, the company has voluntarily applied for similar protection in the United States and is about to do the same in Switzerland. The company intends to use the proceedings to stabilize the business.
Puma’s Q1 Earnings Decline 62 Percent
Puma reported that its first-quarter earnings were dragged down by the coronavirus pandemic while warning of a bigger impact in the second quarter.
Acushnet Posts Steep Q1 Profit Decline On COVID-19 Impact
Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, reported net income dropped 74.5 percent, adjusted EBITDA slid 17.8 percent and sales were down 5.8 percent in the first quarter.
SportChek’s Q1 Sales Slump 13.1 Percent
Canadian Tire Inc. reported sales in its SportChek segment decreased 13.1 percent while comparable sales decreased 1.8 percent. Helly Hansen’s revenue in the quarter was $121.5 million, a decrease of 7.3 percent. On a constant currency basis, Helly Hansen revenue grew 0.6 percent.
Dick’s Sporting Goods Re-Opens In 23 States
Dick’s Sporting Goods has re-opened locations in 23 states with new social distancing guidelines and the retention of curbside pickup.
NPD: Weekly Retail Spending Up 7 Percent Sequentially
Retail spending rose 7 percent for the week ending April 25 compared to the prior week, according to The NPD Group. Sales were flat year-over-year during the same period — the first time sales didn’t decline since early March.
Kohl’s Begins Reopening Stores
Kohl’s Corp has re-opened stores in Arkansas, Oklahoma, South Carolina and Utah in its first steps to re-open stores amid the pandemic.
SFIA’s State of the Industry Report Shows 3.9 Percent Growth In 2019
The sports and fitness industry performed well across multiple sectors in 2019, according to the Sports & Fitness Industry Association’s annual State of the Industry Report. In 2019, the industry grew 3.9 percent in one year, representing the largest annual growth in 17 years.
Nike To Donate Sneakers To Frontline Healthcare Workers
In recognition of frontline healthcare workers combating COVID-19 around the world, Nike will partner with nonprofit Good360 in the U.S. and local organizations across Europe to donate more than 140,000 pieces of footwear, apparel and equipment globally.
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