Columbia Sportswear reported net earnings dipped 2 percent in the fourth quarter against adjusted year-ago results but still exceeded Wall Street’s consensus target. Revenues expanded 4 percent. Tim Boyle, CEO, said in a statement, “A challenging retail environment, particularly in outerwear, impacted sell-through performance and led to higher levels of promotional activity.”
Category: Footwear
Skechers’ Q4 Revenues Jump 23 Percent
Skechers USA Inc. reported net earnings rose 25.5 percent in the fourth quarter on a 23.1 percent revenue gain. Sales topped guidance and earnings arrived at the high end of guidance.
The Buckle’s January Comps Expand 7.4 percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 1, 2020 increased 7.4 percent.
Nike Announces Strategic Distributor Partnerships In Brazil, Argentina, Chile And Uruguay
Nike Inc. announced it is transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, enabling a more profitable, capital-efficient and value-accretive business model. A one-time, non-recurring charge related to foreign exchange of approximately $425 million will be taken.
Mizuno Signs Ronda Rousey
Mizuno has signed Ronda Rousey as the newest addition to the Mizuno roster of athletes in North America. She had been with Reebok.
L.L.Bean Announces Layoffs, Plans To Close Lewiston Call Center
L.L.Bean said it plans to layoff 200 employees companywide at the end of February and close its call center in Lewiston, ME in 2021.
Adidas Closes Numerous Stores In China
Adidas said it was closing a “considerable” number of its stores in China due to concerns over the coronavirus outbreak, according to a report from Reuters.
Foot Locker Launches New Membership Program
Foot Locker Inc. announced the North America rollout of FLX, its new membership program unifying all Foot Locker, Inc. brands under one easy-to-use platform.
Nike Provides Update On Impact of Coronavirus In China
In the context of the evolving dynamics related to the coronavirus in China, Nike Inc. said it is prioritizing the health and safety of its store associates and partners, in cooperation with local authorities. Similar to others in the marketplace, approximately half of Nike-owned stores have been temporarily closed, with corresponding dynamics across its partner stores.
Baseball Express Celebrates 30th Anniversary
Baseball Express, the oldest continuously operating online baseball store in the country, is celebrating its 30th year in business in 2020. Exclusive content and retrospectives looking back on the last 30 years in baseball and at the company throughout the month of February are planned.
Dick’s To Make $5M Donation To Support Girls’ Soccer
Dick’s Sporting Goods announced its 2020 Women’s Initiative highlighted by The Dick’s Foundation’s $5 million grant to U.S. Soccer Foundation’s ‘United for Girls’ Initiative. The retailer has also become the Official Sporting Goods Retailer of USA Softball.
Valentine’s Day Spending Set To Increase 32 Percent
Those celebrating Valentine’s Day plan to spend an average $196.31 this year, up 21 percent over last year’s previous record of $161.96. Spending is expected to total $27.4 billion, up 32 percent from last year’s record $20.7 billion, according to the annual survey released by the National Retail Federation.
VF Corp. To Move Global Innovation Center To Denver
VF Corp. will move its Global Innovation Center in Alameda, CA to Denver, according to the Denver Business Journal.
Skechers Signs Jamie Redknapp
Skechers has partnered with Jamie Redknapp, the former Liverpool and England soccer star, to support its growing business in the UK and other European markets. He will be the first lifestyle collection endorsee that the global footwear brand has signed specifically for Europe.
CGPR Sold To French/West/Vaughan
French/West/Vaughan (FWV), the public relations, advertising and digital marketing agency based in Raleigh, NC, announced the acquisition of CGPR, a public relations and marketing agency specializing in the active lifestyle, outdoor, ski, fashion, technology and travel sectors.
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