VF Corporation announced that Jim Pisani has decided to step down from his role as global brand president, Timberland. He plans to move to the Midwest U.S. to be closer to his family.
Category: Footwear
Adidas Continues Share Buyback Program With Third Tranche
Adidas announced the start of the third tranche of its current multi-year share buyback program initially announced in March 2018 and intends to repurchase own shares worth up to €1.0 billion in 2020.
Nike Donates $5 Million To Create Athletic Facility At Obama Presidential Center
The Nike Foundation made a $5 million contribution to help build an athletic facility at the planned Obama Presidential Center on the south side of Chicago. It will be the first presidential center to feature an athletic facility.
K-Swiss Signs Rising Tennis Stars
K-Swiss announced it has signed both Ajla Tomljanovic and Cameron Norrie to endorsement pacts. Tomljanovic had been with Nike while Norrie was sponsored by Ellesse.
Report: Active Ride Shop To Auction Assets
Active Ride Shop, the skate shop based in Rancho Cucamonga, CA, has been taken over by its lender, GemCap. At least eight of its 26 stores have closed and its website has been shut down, according to a report from ShopEatSurf.
Zumiez’s Holiday Sales Jump
Zumiez raised its fourth-quarter guidance after reporting comparable sales increased 6.8 percent for the nine-week period ended January 4.
Stage Stores Reports 1.4 percent Holiday Comp Increase
Stage Stores reported same-store sales rose 1.4 percent for the nine-week period ended January 4, but came in below expectations.
Dick’s Closes Location In Orem, UT
Dick’s Sporting Goods has abruptly closed its location in Orem, UT. The store opened in 2012.
Tilly’s Sees Q4 Comp Decline
Tilly’s Inc. said it expects same-store sales to decline by 2 percent to 3 percent in the fourth quarter and earnings per diluted share to come in below guidance.
Genesco Sees Q4 Comps Running Up 2 Percent
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased 2 percent for the quarter-to-date period ended January 9, 2020.
Crocs Raises Fourth Quarter Revenue Guidance
Crocs Inc. raised its revenue guidance for the fourth quarter ended December 31, 2019. Andrew Rees, president and chief executive officer, said, “Our positive brand momentum allowed us to deliver strong DTC growth combined with excellent wholesale sell through.”
Fanatics Appoints First Chief Strategic Retail Officer
Fanatics Inc. promoted Gina Sprenger to become its first chief strategic retail officer. In this newly created role, Sprenger will lead all merchandising, inventory management and field operations for the company’s strategic retail division, which includes all flagship stores, stadium and in-venue retail locations as well as special events.
Gart Capital Acquires Work World
Gart Capital Partners, a private equity investment partnership located in Denver, has acquired California-based Work World, a workwear retailer. No financial terms were disclosed.
Nike Extends Deal With Chinese Athletics Association
Nike and the Chinese Athletics Association (CAA) signed a long-term partnership extension through to 2033.
JD Sports Sees “Positive” Holiday Sales
JD Sports said that against a backdrop of widely reported retail challenges in the Group’s core UK market, it is encouraging to report positive like for like trends in the Group’s global Sports Fashion fascias, particularly overseas.
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