The Fair Labor Association (FLA) announced that its board of directors voted to re-accredit Nike’s social compliance program, the third FLA accreditation for the company.
Category: Footwear
Foot Locker Finding New Paths To Growth
At its Investor Day, Foot Locker Inc. didn’t alter its long-term growth goals but officials detailed how new store concepts, fresh engagement approaches and other digitally-savvy concepts would significantly reshape the retailer in the years ahead.
Hastings College Teams Up With BSN Sports, Nike
Hastings College based in Nebraska entered into a multi-year partnership agreement with BSN Sports to supply athletic apparel and equipment through Nike.
Talkoot Secures $1.65 Million In Seed Funding
Talkoot, a cloud-based content production platform that works with Adidas, Mountain Hardwear, Dr. Martens and other active lifestyle brands, announced that it has closed a $1.65 million seed round of finance to accelerate sales and marketing and drive product development.
Shoe Carnival Sees Data-Mining Efforts Start To Pay Off In Q4
Shares of Shoe Carnival leapt 22.4 percent Wednesday after the footwear retailer reported fourth-quarter results that handily topped Wall Street’s expectations. While boot sales drove the gains, new data-aggregating capabilities are helping enhance merchandising, marketing and real estate decisions.
Tariffs Less Worrisome For Some, Not Others
While no trade deal has been reached between the U.S. and China, the news around tariffs has been more favorable than unfavorable since the start of the year. But some industry players still have been raising prices, purchasing early to avoid hits and taking other steps to mitigate their potential impact.
Nike Fined Over Antitrust Violations
The European Union fined Nike $14 million for violating antitrust rules for allegedly preventing many of its licensees from selling soccer team merchandise across European borders.
The Buckle Announces Retirement Of Robert Campbell From Board
The Buckle announced that Robert E. Campbell will not stand for re-election and will retire from the board of directors effective with the company’s annual meeting to be held on June 3.
Under Armour To Open Regional Headquarters In Hong Kong
Under Armour will open a regional headquarters in Hong Kong this year to jumpstart growth in Asia, according to a report in the South China Morning Post.
Oboz Taps Love Communications For Digital Support
Oboz Footwear has selected Love Communications of Salt Lake City, UT, as its digital agency of record.
Yue Yuen’s Earnings Sink In 2018
Yue Yuen Industrial (Holdings) Ltd. reported earnings declined 40.3 percent in the year ended December 31 to $307.1 million. Revenues were down 6.3 percent to $9.7 billion.
Li Ning’s Profits Improve In 2018
Li Ning reported earnings in 2018 rose 39 percent on an 18 percent revenue gain.
Amazon Reports Roundup
A number of retail studies arrived over the last few weeks on retail’s disruptor, Amazon, including the e-commerce giant’s break-through in apparel, expanding dominance in product search, private-label shortfalls, trust credibility, digital advertising pushes and more.
Nike Sees No Slowdown In Momentum
Shares of Nike Inc. closed down nearly 7 percent on Friday after the company reported North America sales in the third quarter and fourth-quarter guidance that both missed Wall Street’s targets. But sales in the third quarter still more than doubled the growth rates of its closest rivals, Adidas and Under Armour, as Nike officials insisted its Consumer Direct Offense initiative is only getting started.
Hibbett Sports’ Q4 Blows Past Estimates
Hibbett Sports, Inc. reported fourth-quarter earnings rose slightly but came in well above Wall Street’s targets. The retailer also announced plans to close 95 stores this year as part of an “accelerated store closure plan” and a transition plan with the pending retirement of CEO Jeff Rosenthal.
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