PVH Corp. reported second-quarter revenue increased 1 percent (increased 3 percent on a constant currency basis) compared to the prior-year period and exceeded guidance. The company lowered its full year 2019 EPS outlook to reflect a more conservative view in part due to trade war tensions.
Category: Footwear
Tilly’s Q2 Comps Inch Up 0.6 Percent
Tilly’s Inc. reported earnings were down slightly but handily topped guidance after sales recovered in June and July after a sluggish May.
Under Armour Partners With Eastern New Mexico University
Under Armour signed Eastern New Mexico University (ENMU) to a four-year sponsorship deal.
Puma Opens New York City Flagship
Puma on Wednesday opened the doors to its first-ever North American flagship store, located at 609 Fifth Avenue in New York City. Highlights of the store include innovative sports engagement zones, a customization studio and digitally-connected offerings.
NSGA Elects Three Hall Of Fame Inductees
Peter Capolino of Mitchell & Ness Nostalgia Company, Robert Greenberg of Skechers and Klaus Obermeyer of Sport Obermeyer are the 2020 inductees in NSGA’S Sporting Goods Industry Hall of Fame.
Participation In High School Sports Registers First Decline In 30 Years
Participation in high school sports declined in 2018-19 for the first time in 30 years, according to the annual High School Athletics Participation Survey conducted by the National Federation of State High School Associations (NFHS). Leading the decline was a fifth consecutive year of declining football participation.
OIA Protests Tariff Threats
Patricia Rojas-Ungar, vice president of government affairs at Outdoor Industry Association (OIA), issued a statement criticizing the Trump administration’s threat to raise tariffs higher and order U.S. companies to exit China.
Footaction Launches ‘No 1 Way Design Program’ For HBCU Students
Footaction launched the No 1 Way Design Program, an open call for recent graduates of, or current students at, the 85+ Historically Black Colleges and Universities (HBCUs) across the country. The competition-based initiative will be launched in partnership with Foot Locker, Inc.’s Portland-based strategic partner, Pensole Academy.
Caleres Q2 Tops Estimates
Caleres Inc. reported earnings in the second quarter on an adjusted basis rose 5.1 percent, exceeding Wall Street’s estimates, as sales grew 6.5 percent. Same-store sales rose 1.5 percent at Famous Footwear and the chain is track to deliver its eighth consecutive year of positive back-to-school same-store-sales.
Boot Barn Acquires G.&L. Clothing
Boot Barn Holdings Inc. acquired certain assets of G.&L. Clothing, Inc., an individually-owned retailer operating one store in Des Moines in Iowa.
Cole Haan Prepares For IPO
Cole Haan, acquired in 2013 by private equity firm Apax Partners from Nike Inc., has confirmed that it’s preparing for an initial public offering.
Anta’s First-Half Profits Soar
Anta Sports Products Ltd. reported net earnings rose 27.7 in the first half as sales grew more than 40 percent. Ding Shizhong, Chairman of the Board of Directors and CEO of Anta Group, said, “In the first half of 2019, the company maintained a high growth in its performance due to the goodwill of Anta brand, Fila brand and other brands.”
Retail Trade Groups Criticize Tariff War Escalation
A number of retail trade groups issued statements strongly criticizing the Trump administration’s threat to raise tariffs higher and order U.S. companies to exit China. The threats came Friday after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods.
Puma Joins Fashion Pact To Protect Climate, Biodiversity And Oceans
Puma joined a coalition of 32 companies to launch the global Fashion Pact to protect the world’s climate, biodiversity and oceans, which was presented ahead of the G7 meeting in Biarritz.
Goat And Bergdorf Goodman Partner On Exclusive Shopping Experience
Goat, the resale site for sneakers, announced its partnership with iconic New York retailer, Bergdorf Goodman. The two brands will enter an exclusive partnership, which includes a curated shopping experience at Goodman’s Men’s Store on 5th Avenue.
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