Yue Yuen Industrial (Holdings) Limited reported net earnings declined 23.3 percent in the first quarter ended March 31 despite an 8.9 percent gain in revenues.
Category: Footwear
Report: Nike Renews Chinese Super League Partnership
Nike has agreed to a deal to extend the company’s kit partnership with the Chinese Super League (CSL), the top tier of club soccer in the country, according to reports.
Report: Phil Knight ‘Proud’ Of Nike’s Response To Problems
Phil Knight, Nike Inc.’s chairman emeritus and co-founder, said he is “proud” of the way his company has handled recent allegations of sexual harassment and discrimination, according to a CBS report.
Foot Locker’s Dick Johnson Stands Up For Brick & Mortar
Speaking at FDRA 2018 Executive Summit held in Washington, D.C., Dick Johnson, chairman, president and CEO of Foot Locker Inc., said, “Some people think that it’s negative baggage that we have over 3,000 stores around the world. We don’t see it that way. We think it’s very much a positive.”
Aisle Talk Week Of May 7
Top headlines from the active lifestyle industry you may have missed this week, including Herschel Walker (pictured) being appointed to President Trump’s Council on Sports, Fitness and Nutrition.
Columbia Sportswear Appoints VP Of Global Merchandising
Columbia Sportswear announced the appointment of Michael Richardson to serve as vice president of global merchandising for the Columbia brand.
Famous Footwear Appoints President
Caleres announced Molly Adams will join Caleres as president of Famous Footwear on May 29.
Skechers Sues Adidas Over College Basketball Scandal
Skechers filed a lawsuit against Adidas over the allegations at the heart of the FBI’s investigation into college basketball. Skechers charges it was at an unfair disadvantage due to the alleged schemes whereby Adidas paid amateur players for their endorsements.
La Sportiva Grows Sales Team In Southwest With Caraway & Co.
La Sportiva announced the hiring of Caraway & Co as the brand’s sales representatives in the Southwestern U.S.
Buckle’s Comps Slide In April
The Buckle Inc. reported comparable store net sales, for stores open at least one year, for the four-week period ended May 5, 2018 decreased 3.4 percent from comparable store net sales for the four-week period ended May 6, 2017.
Mizuno Americas Sales Lag, Profitability Recovers
Mizuno Corp.’s sales slid 14.2 percent in the Americas region in its fiscal year ended March 31. But the decline was partly due to efforts to clean up inventories and reduce lower-margin sales that bolstered underlying profitability. Some sales recovery was predicted for the Americas region in the years ahead.
Canadian Tire Sees Earnings Dip In Q1 But Sales Improve
Canadian Tire Corporation, Limited reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.
Canadian Tire Agrees To Acquire Helly Hansen
Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).
Mizuno Sees Strong Profit Turnaround In Fiscal Year
Mizuno Corp reported a strong rebound in earnings for the company’s fiscal year ended March 31 despite a revenue decline.
Bass Pro Cancels Plan For Palm Beach County Location
Bass Pro Shops has canceled plans for a store in Palm Beach County, Florida, according to the Palm Beach Post.
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