Brooks Sports saw sales climb 3.5 percent in 2019 despite the opening of a new distribution center that presented logistical challenges, according to the annual report of the running brand’s parent, Berkshire Hathaway.
Category: Footwear
Tilly’s Appoints Chief Digital Officer
Tilly’s Inc. appointed Jon Kosoff as chief digital officer. Kosoff will oversee all aspects of the company’s e-commerce, digital marketing, and customer relationship management functions.
Modell’s To Close 24 Stores
Modell’s Sporting Goods, which is seeking an outside investor to shore up its balance sheet, is closing 24 of its 141 locations.
Wolverine Worldwide’s Expanded Efforts To Address PFAS Approved By Federal Judge
Wolverine World Wide Inc. announced that U.S. District Judge Janet T. Neff has approved a Consent Decree reached earlier this month among the company, the State of Michigan, Plainfield Charter Township, and Algoma Township. This Consent Decree resolves the litigation between the parties and includes significant next steps in Wolverine’s already extensive efforts to ensure long-term water quality and continued environmental remediation in and around its hometown.
Snapchat’s Talent Partnership Head Rejoins Nike
Lauren Gallo, formerly global head of content marketing at Snap Inc., the parent of the Snapchat messaging app, has rejoined Nike as senior director, brand creative.
New Balance Partners To Support Corporate Channel
Merchology has become the exclusive retailer in the corporate channel for New Balance products.
Gildan Activewear’s Revenues Decline 11 Percent In Q4
Gildan Activewear reported earnings on an adjusted basis were down 6.2 percent in the fourth quarter. Sales fell 11.3 percent as activewear sales were hurt by lower imprintables volumes in North America.
REI Ranks As Top Employer
REI Co-op was again recognized as a top employer, ranking 60 on Fortune’s 100 Best Companies to Work For list.
Wanda Sports Explores Sale Of Ironman
Wanda Sports Group Co., the China-based sports marketing and event promoter, is considering a sale of the Ironman triathlon business, according to a report from Bloomberg.
Adidas’ China Business Activity Tumbles 85 Percent Due To Coronavirus
Adidas reported Wednesday that its business in the greater China area had dropped by about 85 percent year-on-year in the period since Chinese New Year on January 25.
Puma’s Q4 Revenues Climb 21 Percent
Puma reported earnings jumped 55.0 percent in the fourth quarter on a 30.6 percent revenue gain. All regions and all product divisions were up by double digits. Puma warned, however, that the coronavirus outbreak has been impacting 2020 results.
Puma Signs Kendrick Nunn And Derrick Jones Jr.
Puma added Kendrick Nunn and Derrick Jones Jr., who both play for the Miami Heat, to the brand’s roster of NBA ambassadors.
Anta Sports Sees Coronavirus Outbreak Impacting First-Half Results
Anta Sports Products expects the coronavirus outbreak will impact its financial performance in the first half of 2020 but is aiming for a recovery in the second half, the Chinese company said in a stock exchange filing. Roughly 40 percent of the company’s stores in mainland China have re-opened.
Moody’s Assigns A3 Ratings To VF’s Proposed Euro Notes
Moody’s Investors Service assigned A3 ratings to V.F. Corporation’s proposed senior unsecured Euro notes. The stable outlook reflects Moody’s expectation that the company will maintain its strong position in the global apparel industry and sustain longer term positive trends in revenue growth while continuing to generate healthy operating margins.
S&P Reduces Boardriders’ Outlook To Negative
S&P Global Ratings lowered its debt ratings outlook on Boardriders Inc. reflecting our revised expectations for negative free operating cash flows (FOCF) through fiscal 2020 and the potential for a covenant violation.
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