The Scottish FA announced the renewal of two key relationships with sports brands Adidas and JD.
Category: Footwear
DSW Launches Cause Marketing Program
DSW Designer Shoe Warehouse unveiled the company’s new cause marketing program, DSW Gives. Aligned with DSW’s mission of inspiring self-expression, the program includes three areas of focus: empowerment, wellness and community.
Dick’s Blames Q2 Top-Line Shortfall On Under Armour
Dick’s Sporting Goods reported earnings that easily topped Wall Street’s targets but sales came in well below as weakness from Under Armour continued to place a drag on sales. On a conference call with analysts, Ed Stack, CEO, said the company is “repositioning” its Under Armour business, including gaining more exclusives from the brand while finding other product to fill traditional Under Armour space.
Shoe Carnival ‘Concerned’ About Athletic Sales Trend
Mid-single-digit sales growth of adult athletic shoes helped propel Shoe Carnival Inc. to a superb second quarter, sparking the retailer to sharply raise its full-year guidance, but the company could struggle to maintain momentum in that category moving ahead.
CrossFit And Reebok Settle Licensing Dispute
While the details of the settlement remain confidential, the settlement includes a payment to CrossFit for disputed royalties. Reebok will continue its Crossfit partnership.
Golf Rounds Played Slide In July
According to Golf Datatech, golf rounds played in the U.S. were down 1.6 percent in July.
Dick’s Q2 Misses Sales Estimates
Dick’s Sporting Goods reported a modest gain in profits that easily topped Wall Street’s targets, but sales came in lower than plans due to the company’s decision to exit some hunt and electronics categories and “significant declines” at Under Armour. Dick’s lifted earnings guidance but lowered the company’s comp guidance for the year.
NBA To Remove Restrictions On Sneaker Colors
The National Basketball Association (NBA) is removing color restrictions on players’ sneakers for the first time in league history, according to ESPN.
Shoe Carnival Q2 Handily Tops Targets
Shoe Carnival Inc. sharply raised its full-year guidance after reporting earnings tripled in the second quarter. Same-store sales ran up 6.7 percent.
DSW Delivers Blowout Q2
Boosted by robust seasonal, athleisure and kids sales, DSW Inc. reported second-quarter results that came in well-above expectations and hiked its guidance for the year. The launch of VIP rewards along with digital marketing investments in particular drove traffic to both DSW’s warehouses and website.
Garmont Expands North American Sales Team
Garmont expanded its sales team with the addition of the Outside Group and JCA Sales.
Superfeet: Taking Shape To New Realms
Superfeet has grown more than 40 percent in the last five years, moved into footwear and 3D-printing, become 100-percent employee owned and now has a new mission statement. John Rauvola, Superfeet’s CEO, discusses the new mission, emerging opportunities in new and old areas, and the company’s unique culture.
Merrell Names Adam Craig VP Sales, U.S.
Merrell announced the appointment of Adam Craig to the position of vice president of sales, U.S. For the last 20 years, Craig has been with Columbia Sportswear in various sales roles. Since 2013, he served as the director of U.S. sales for Columbia Footwear.
Report: Adidas Close To Inking Mega Deal With Arsenal
Adidas is close to replacing Puma as the sponsor of Arsenal in a five-year deal valued at $385 million. The kit deal would rank at as the third biggest in soccer history.
Retailers Respond To Preliminary NAFTA Deal With Mexico
NRF President and CEO Matthew Shay said in a statement, “Coming to terms with Mexico is an encouraging sign, but threatening to pull out of the existing agreement is not.”
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