Deckers Brands announced that its Board of Directors is sending a letter to stockholders highlighting the Board’s confidence in its transformation strategy, which is further emphasized by the recently announced $400 million stock repurchase authority.
Category: Footwear
Mizuno’s Profits Bounce Back In Six Months
Mizuno Corp. reported strong profit improvement in the six months through September 30 despite a modest sales decline. The Americas sharply reduced its loss despite high inventories in the marketplace that pressured sales.
Skechers Pier to Pier Friendship Walk Raises More Than $1.8 Million
The Skechers Foundation announced that its 9th annual 2017 Skechers Pier to Pier Friendship Walk raised more than $1.8 million for children with special needs and education, exceeding its $1.6 million goal.
Finish Line To Unveil Updated Store Design At Los Angeles Flagship Store
The updated retail space features a fresh design concept that highlights key product offerings from brand partners and new digital display integrations.
Sequential Brands Logs Loss On Impairment Charge
Sequential Brands reported a loss of $24.2 million, or 38 cents a share, in the third quarter, after taking an impairment charges of $36.5 million to write-down the value of the trademarks of five of non-core brands: Revo, Nevados, Caribbean Joe, Franklin Mint, and FUL. And1, Avia and Gaiam all performed well during the quarter.
Sequential Brands Posts Loss On Write-Offs
Included in the net loss for the third quarter were non-cash impairment charges of $36.5 million for indefinite-lived intangible assets related to the trademarks of five of the company’s non-core brands.
Nordstrom Reduces Outlook On Hurricanes Impact
Nordstrom, Inc. lowered its guidance for the year due to the impact of hurricanes during the third quarter. The estimated reduction in earnings from several hurricanes affecting stores in Puerto Rico, Florida, and Texas was approximately 4 cents a share in the quarter. Total company net sales increased 2.0 percent and comparable sales decreased 0.9 […]
Former Adidas Official Indicted In College Bribery Scandal
A federal grand jury in New York handed down an indictment against former Adidas executive Jim Gatto after accusing him of conspiring to funnel money to the families of two University of Louisville basketball recruits as part of a federal probe into college basketball recruiting.
Macy’s Q3 Earnings Improve
Macy’s Inc. reported third quarter 2017 earnings per diluted share of 12 cents, or 23 cents per share excluding restructuring and other costs and non-cash retirement plan settlement charges. This compares with 5 cents per share in the third quarter of 2016, or 17 cents excluding non-cash retirement plan settlement charges.
Kohl’s Earnings Slide In Q3
Kohl’s Corporation reported earnings fell 20 percent in the third quarter while same-store sales inched up 0.1 percent.
Adidas to Open ‘World Class’ Los Angeles Office in 2018
The new space creates a home base for the brand’s employees in LA across sales, entertainment and influencer marketing, teams driving editorial and social and the key cities team.
Adidas’ Q3 Earnings Jump 35 percent
Adidas AG reported net earnings rose 35 percent in the third quarter as sales improved 12 percent on a currency-neutral basis. The gains were driven by Greater China, up 28 percent, and North America, ahead 23 percent, driven by the Adidas brand.
Sport Chek Sees Modest Comp Gain In Q3
Canadian Tire reported sales its FGL Sports segment were up 0.5 percent in the third quarter with same-store sales were up 0.4 percent. Same-store sales at Sport Chek were up 0.4 percent.
Amazon Discounts Third-Party Sellers Products
Amazon.com has begun lowering prices on goods sold by third-parties on its site with the additional savings marked by tag that reads “Discount provided by Amazon.”
Parent Of Titleist Eying Golf Recovery In U.S.
David Maher, COO, Acushnet Holdings, stated, “It is encouraging that the U.S. retail market is weathering its structural correction fairly well. The general consensus from our trade partners is that they are faring better now than they did in 2016 or 2015 as there are fewer competitive doors and a greater percentage of their sales is generated from inline products.”
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal