Shimano Inc. reported net sales in the nine months increased 6.1 percent to ¥269.5 billion ($2.5 bn). Operating income increased 5.4 percent to ¥50.4 billion ($463 mm)
Category: Footwear
Crocs Earnings Increase Nearly Three-Fold In Q3
Crocs Inc. reported third-quarter earnings on an adjusted basis tripled on a 19.8 percent revenue gain. Both earnings and sales topped estimates and the full-year outlook was again raised.
Record-breaking $2.2 Million Raised At 11th Annual Skechers Pier to Pier Friendship Walk
The Skechers Pier to Pier Friendship Walk continued the Skechers Foundation’s 11-year tradition of record-breaking donations for kids — raising more than $2.2 million for children with special needs and education at Sunday’s event, and more than $13 million in total since its start.
Sneakertopia To Feature Jason Dussault Exhibit
World-renowned mosaic artist Jason Dussault announced that he will be one of the artists featured at this month’s Sneakertopia, the world’s first pop-up museum designed and dedicated to sneakers and their relation to art, culture and society.
Amazon Seen With Pricing Lead Heading Into The Holiday
Amazon is charging into the holiday shopping season with a strong appeal to consumer wallets, beating other U.S. online retailers on price by 20 percent, on average, across key product categories, according to Profitero’s latest study. Overall, Amazon prices were found to be 20 percent cheaper on average than other online retailers.
New Balance Partners With Figs
New Balance launched its first capsule collection with medical apparel company Figs that will mark the brand’s first foray into medical apparel design.
Fleet Feet And Brooks Running Partner On Thanksgiving Promotion
Fleet Feet announced the debut launch of a limited-edition Thanksgiving and Turkey Trot-themed running shoe completed in collaboration with Brooks Running as well as a sweepstakes campaign.
VF Misses Wall Street’s Targets In Q2
VF Corp. reported earnings per share on an adjusted basis in its fiscal second quarter rose 6 percent but came in below Wall Street expectations. The company reiterated its guidance for the year. Among major brands on a currency-neutral basis, Vans again led the way, up 16 percent; followed by The North Face, up 10 percent; and Timberland, 1 percent. Dickies was was down 3 percent.
Deckers Brands Raises Full-Year Outlook On Accelerated Momentum At Hoka
Deckers Brands raised its full-year guidance after reporting both earnings and sales for the second quarter topped company guidance due to strength at Hoka One One. Hoka delivered a 49.9 percent year-over-year gain in the quarter. Ugg’s sales grew 2.2 percent while Teva’s moved up 6.7 percent.
Foot Locker Foundation Holds 19th Annual On Our Feet Fundraising Gala
The Foot Locker Foundation joined together members of the footwear and athletic industries for its 19th annual “On Our Feet” fundraising gala. The event, which took place on Tuesday, October 22 at New York City’s Pier Sixty at Chelsea Piers, benefits educational and other youth initiatives supported by the Foot Locker Foundation.
Puma Lifts 2019 Outlook As Q3 Profit And Revenues Climb
Puma raised its earnings guidance for the year as strong third-quarter earnings and overall momentum is expected to offset the negative impact from new tariffs in the fourth quarter in the U.S. Q3 sales grew 17.0 percent on a currency-neutral basis, led by a 28.5 percent gain in the Asia/Pacific region and a 17.9 percent climb in the Americas region.
Asics Takes Equity Stake In Dreamers Fund
Asics Corp. announced that its investment subsidiary Asics Ventures Corporation took an equity stake in Dreamers Fund, which invests primarily in early-stage startups in the U.S. Asics Ventures will be a limited partner in the fund.
REI To Close On Black Friday For Fifth Straight Year
For the fifth time this Black Friday, REI Co-op will close all its stores, process no online payments and pay all 13,000 employees to #OptOutside with friends and family. But this year, under the leadership of a new CEO and facing a global environmental crisis, the co-op is going a step further: asking its 13,000 employees and 18 million members to join in the fight for life outdoors – and life on this planet.
Foot Locker To Open ‘Rivals Café’ Restaurant Pop-Up Inside Los Angeles Flagship
To celebrate the launch of the Jordan Rivals footwear and apparel collection, Foot Locker has put its own twist on rivalries by opening a pop-up restaurant inside its LA flagship at Hollywood & Highland.
Skechers Achieves Record Net Sales In Third Quarter
Skechers USA Inc. reported net earnings rose 13.7 percent in the third quarter on a 15.1 percent revenue gain.
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