Orvis announced the appointment of Simon Perkins to president. Perkins will assume full strategic and operational leadership of the company as president and is the third generation of the Perkins family to lead Orvis since 1965. Outgoing President/CEO Bill McLaughlin will act as an advisor through the transition period.
Category: Footwear
Puma Signs Iceland Soccer Team
Puma announced that it has entered into a long-term partnership with the Football Association of Iceland (KSI) to become the official technical sponsor of men’s, women’s and youth teams.
Macy’s Announces Proposed Offering Of Senior Secured Notes
Macy’s Inc. announced that it is offering $1.1 billion aggregate principal amount of senior secured notes due 2025 in a private offering. Macy’s intends to use the net proceeds from the offering of the notes, along with cash on hand, to repay all amounts outstanding under its revolving credit facility.
RunSignup Survey Shows Race Organizations Expect 45 percent Of Revenue In 2020
Revenue shortfalls for the current year are expected to be significant for race organizations of all sizes with the average expectation that they will see 45 percent of their 2019 revenue in 2020, according to a survey of ace organizers conducted in early May from RunSignup, a technology provider for U.S. races.
ICSC TV Ad Asks For Passage Of COVID-19 Recovery Fund
ICSC, the member organization serving the shopping center industry, has launched its first-ever national television campaign calling on elected leaders to create a COVID-19 Recovery Fund.
Clarks To Eliminate 900 Jobs
Clarks, the U.K.-based footwear company, said it was cutting 900 jobs globally and reviewing funding options to address liquidity needs caused by the coronavirus, according to Reuters.
Asics North America Sees Double-Digit Sales Decline
Asics North America (ANA), which includes the U.S., Canada and Mexico, said sales in the U.S. were down 18.4 percent year-over-year in the first quarter. Canada and Mexico were down 5.5 percent and 10 percent year-over-year in the local currency respectively.
Asics’ Q1 Sales Drop 13.5 Percent
Asics reported a small loss in the first quarter as sales sunk 13.5 percent. In the North American region, first-quarter sales were down 20.0 percent at currency-neutral rates.
Keds Appoints New President
Keds, a division of Wolverine World Wide Inc., appointed Bornie Del Priore as president. She is currently global brand president of the Wolverine Worldwide Kids Group, a role she will continue while also serving as global brand president of Keds.
The Buckle’s Q1 Revenues Fall 42.7 Percent
The Buckle Inc. announced a net loss for the fiscal quarter ended May 2, of $11.8 million, or 24 cents per share. Revenues were down 42.7 percent.
Under Armour Upsizes And Prices Private Offering Of $440 Million
Under Armour, Inc. announced that it has priced $440 million aggregate principal amount of its 1.50 percent convertible senior notes due 2024, which represents an increase of $40 million from the offering size previously announced.
Foot Locker Shows Steep Loss In Q1
Foot Locker Inc. reported a net loss of $98 million in the first quarter as sales dropped 43.4 percent. Said Richard Johnson, chairman and chief executive officer, “Thanks to the unwavering efforts of our team, we are in the early stages on our road to recovery. Our phased reopening of stores is underway, and our plan is to build, be back, and be better than before.”
Aku Outdoor Expands Sales In Southern States
Aku, the Italian manufacturer of hiking and trekking boots, announced that The Uber Group has been retained as its new sales rep agency to support sales throughout the southern states.
Ross Stores Posts Steep Loss In Q1
Ross Stores Inc. reported a net loss for the 2020 first quarter of $306 million as revenues fell 52.6 percent.
Deckers Brands’ Q4 Profits Slide
Deckers Brands Inc. reported earnings on an adjusted basis were off 35.3 percent as sales slid 4.9 percent. A 51.8 percent hike in Hoka One One’s sales was unable to offset a 17.9 percent decline at Ugg tied to store closures.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal