For the first time in its 81-year history, REI Co-op will open four new stores in a single day on November 15, bringing quality outdoor gear, experiences and expertise to Farmington, UT; Huntsville, AL; Oklahoma City and Williston, VT. By the end of the year, REI will have opened a total of eight new stores, relocated two existing stores to larger locations, and opened three new boathouses in 2019.
Category: Footwear
Nike Announces 11 Percent Increase In Quarterly Dividend
The payout will mark Nike’s 18th consecutive year of increasing dividend payouts. Said Mark Parker, Chairman, President and CEO of Nike, Inc. “This dividend increase, combined with the four-year $15 billion share repurchase program announced in 2018, reflects continued confidence in our strategies to generate long-term, profitable growth as we accelerate execution of our Consumer Direct Offense.”
Altra’s Todd Dalhausser To Speak At 2020 Running USA Conference
Todd Dalhausser, president of Altra Running, will be one of the keynote speakers at the 2020 Running USA Industry Conference presented by Race Roster.
Conspiracy Charges Dropped In Michael Avenatti Nike Case
Federal prosecutors on Wednesday dropped two counts of conspiracy against Michael Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan.
Yue Yuen’s Sales Expand 5 Percent In Nine Months
Yue Yuen reported earnings in the nine months rose 12.1 percent on a 5.1 percent revenue gain.
Adidas Renews Deal With Spanish FA
The Spanish FA (RFEF) confirmed a new kit deal with Adidas to remain as the official kit supplier for the Spanish national team. The new contract extends until December 2030.
Nike To End Pilot With Amazon
Nike will stop selling on Amazon, ending a pilot program that started in 2017. Nike said in a statement, “As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made the decision to complete our current pilot with Amazon Retail.”
Famous Footwear Opens Newest Flagship Store In New York City
Caleres announced the opening of a new Famous Footwear flagship store at 34th Street and Broadway in New York City on Friday, November 15. This will be the largest of the company’s 32 New York metro area stores.
Adidas Partners With Prada
The Italian luxury-goods house, Prada and Adidas have joined forces to start a new collaborative journey.
Mizuno’s Earnings In Half Boosted By Americas
Helped by improved profitability in the Americas region, Mizuno reported net income rose 21.7 percent in the half despite a 1.7 percent sales decline.
Adidas To End Speedfactory Operations In Germany And U.S. in 2020
Adidas announced that production at the two Speedfactories in Ansbach, Germany, and Atlanta, GA will be discontinued as of April 2020. The Speedfactory technology, however, will not be abandoned: Adidas said it will be used to produce sneakers at two suppliers in Asia.
Dick’s Announces Black Friday Doorbusters And Holiday Hours
Dick’s Sporting Goods announced a preview of its Black Friday Doorbusters, holiday hours and conveniences for busy shoppers, while also releasing the trailer for the Company’s holiday TV spot.
Sequential Brands Posts Wider Loss On Mid-Teens Sales Decline In Third Quarter
The parent company for the Avia, And1, Heelys, SPRI and DVS brands reported Friday that total revenue from continuing operations for Q3 2019 was $25.4 million, compared to $29.5 million in the year-ago quarter.
The Buckle’s Comps Climb 8.5 Percent In October
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended November 2, 2019 increased 8.5 percent from comparable store net sales for the 4-week period ended November 3, 2018.
Wolverine’s Q3 Sales Expand 3.6 Percent
Wolverine World Wide Inc. reported earnings per share grew 9.7 percent in the third quarter ended September 28 and exceeded Wall Street’s targets as currency-neutral sales of Merrell, Sperry and Saucony expanded over 11 percent. The company slightly lowered its earnings outlook due to the impact of tariffs.
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