Genesco Inc., the parent of Journeys and Lids, announced that the company has entered into an agreement with an activist shareholder group that to will result in the company adding two independent board directors.
Category: Footwear
Balanced Portfolio, Channel Strategy Fuels Rocky Brands’ Q1
Though Rocky Brands Inc. narrowly missed Wall Street’s revenue estimates in the first quarter, the Nelsonville, OH-based company rode a healthy balance across portfolio and sales channels to more than double net income from the same quarter a year ago.
Shimano’s Q1 Boosted By Fishing Momentum, Cost Controls
Shimano’s earnings showed some recovery in the first quarter with the help of strong expense controls, a profit uptick in the company’s Fishing Tackle segment and a modest earnings gain in Bicycle Components.
Under Armour Signs Northeastern University
Under Armour Inc. will become the official outfitter of the Northeastern University Huskies beginning with the 2018-19 academic year.
Li-Ning’s Comps Climb Double-Digits In Q1
Li-Ning reported same-store-sales registered a low-teens increase on a year-on-year basis in the first quarter ended March 31.
Arne Arens Joins The Conservation Alliance Board Of Directors
The Conservation Alliance welcomed Arne Arens, global brand president of The North Face, to its board of directors. Arens fills the seat vacated by the untimely passing of Ann Krcik, who represented The North Face on the board for three years.
Boot Barn Acquires Three-Store Boot Chain In Texas
Boot Barn Holdings Inc. acquired certain assets of Lone Star Western & Casual LLC, an individually-owned retail company with three stores in Waxahachie, Corsicana and Athens in Texas.
Converse Appoints New CMO
Nike Inc’s Converse brand has appointed Sophie Bambuck to the role of chief marketing officer, replacing Julien Cahn who left the brand in February to lead marketing at Supreme.
Boardriders Completes Billabong Acquisition
Boardriders, Inc., the owner of Quiksilver, Roxy and DC Shoes, announced that it has completed the acquisition of Billabong International Limited.
Puma Partners With Fossil To Introduce Wearables
Puma and Fossil Group Inc. have signed a global license partnership agreement for the design, development and distribution of Puma watches and wearables until 2028.
Puma Prepares To Shift Production From China Over Tariff Concerns
While delivering robust first-quarter results and lifting its outlook for the year, Bjørn Gulden, CEO of Puma SE, spent the majority of the company’s quarterly conference call with journalists discussing the potential negative impact of tariffs on China.
Rocky Brands Net Income Climbs On Wholesale & Retail Strength
Rocky Brands Inc. reported first quarter net income of $3.3 million, or 44 cents per diluted share, up more than double from the company’s net income of $1.5 million, or 20 cents per diluted share, in the first quarter of 2017.
Tecnica Outdoor Expands Sales Force
Tecnica Outdoor has hired additional reps hired for the company’s Tecnica Forge collection, a line of thermo-moldable hiking boots.
Zion Armstrong To Replace Mark King As President, Adidas North America
Adidas has appointed Zion Armstrong as president of Adidas North America, effective July 1, 2018. Armstrong succeeds Mark King, who has decided to step down. Armstrong has co-led Adidas North America as general manager together with King since June 2015.
Puma’s Americas’ Sales Climb Double-Digits In Q1
Puma reported sales grew 15.6 percent on a currency-neutral basis in the Americas region in the first quarter. Overall sales on a currency-neutral basis climbed 21.5 percent.
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