Adidas, a primary sponsor of FIFA, “would have a problem” with the global soccer body if it was found to have broken the law by a U.S. investigation into bribery, Kasper Rorsted, Adidas CEO, told the German newspaper, Bild am Sonntag
Category: Footwear
Brazil’s Centauro Files For IPO
Grupo SBF SA, owner of Brazilian sporting goods chain Centauro, has requested authorization from securities industry regulator CVM for an initial public offering.
Five Ten Names New Canadian Distributor
As of January 1, 2018, Live to Play Sports will have exclusive distribution of all Five Ten bike and climbing products in Canada.
The North Face Endurance Challenge Championships Hosts Thousands In San Francisco
Thousands of runners competed in The North Face Endurance Challenge Championships starting in Sausalito and ending in picturesque Crissy Field in the San Francisco Bay Area this past weekend. In its eleventh year, the race boasts a $30,000 prize purse for top finishers.
Hibbett Sports Hikes Outlook After Q3 Beat
Hibbett Sports lifted its outlook for the year after reporting that underlying sales trends significantly improved in the third quarter. Comps were down 1.3 percent versus an 11.7 percent tumble in the second quarter with notable improvement in footwear, apparel and team equipment.
Foot Locker’s Shares Skyrocket On Hopeful Forecast
Shares of Foot Locker Inc. vaulted $8.97, or 28.2 percent, to $40.82 on Friday after the sneaker powerhouse reported third-quarter earnings that topped Wall Street’s targets and indicated that results for the full year may exceed guidance. Foot Locker officials also outlined a number of steps it’s taking to revive top-line growth.
Farm to Feet And Ski City Launch Cottonwood Getaway Sweepstakes
The sweepstakes winner will receive air travel and hotel accommodation for two to Salt Lake City for four nights, two four-day Ski City Super Passes, sweatshirts from The Mountain and a set of Farm to Feet Cottonwood socks.
Aisle Talk, Week Of November 13
Top headlines from the active lifestyle industry you may have missed this week.
Shoe Carnival Lifts Outlook On Robust Athletic Trends
Said Cliff Sifford, CEO, “We believe the positive athletic and athleisure trend happening in the family footwear channel will continue, and we have reallocated inventory dollars to those specific categories for the fall season to take advantage of this trend.”
Foot Locker Q3 Earnings Top Wall Street Targets
Richard Johnson, chairman and CEO, said in a statement, “Despite the highly promotional environment we still see in the marketplace, the availability of premium product is gradually improving compared to the first half of the year, and we believe we can achieve, and perhaps modestly exceed, the top- and bottom-line guidance we gave for the fourth quarter back in August.”
Hibbett Sports Lifts Outlook After Q3 Easily Tops Estimates
Hibbett Sports reported third-quarter earnings fell 47.9 percent but both earnings and sales easily topped Wall Street targets. Hibbett officials credited positive comps in footwear, significant improvement in branded apparel and strength online.
Wall Street Reacts: Dicks Q3
For the analyst community, Dick’s issuance of a poor outlook for 2018 indicates that the industry’s return to healthy, full-price selling will take longer than expected.
Outdoor Retailer Releases Floorplan For Outdoor Retailer + Snow Show 2018
More than 1,000 brands will fill three levels at the Colorado Convention Center.
Columbia Sportswear May Close Downtown Office Over Safety Concerns
Columbia Sportswear may close its offices in downtown Portland that house Sorel’s headquarters and relocate 50 jobs due to unsafe conditions in the area.
Payless Announces Strategic Initiatives To Further Transformation
The moves include a streamlining at its corporate headquarters and hiring a new chief strategy officer.
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