Tom Cove, SFIA’s president and CEO, told SGB, “People in the industry and people at the brand level are figuring out the e-com channel, figuring out the Amazon-specific relations, and even figuring out their own e-commerce/direct-to-consumer initiatives while also looking to maintain relationships with traditional retailers. It’s all part of the mix.”
Category: Footwear
Finish Line Upbeat About Second-Half Rebound
Finish Line comps are projected to increase low-single digit due to easier comparisons, the sales lift from additional remodels, increased qualities of many current best sellers, and the strong pipeline of launch product, including more kids’ takedowns of top performing adult sizes.
Aisle Talk, Week Of June 19
Top headlines from the active lifestyle industry you may have missed this week.
Finish Line’s Q1 Benefits From Expense Reductions
The Finish Line Inc. reported earnings slid 15.4 percent in its first quarter ended May 27, to $8.14 million, or 20 cents a share. Results were in line with expectations as strong expense controls made up for below-plan comps.
Brooks Adds Henry Wynne to the Brooks Beasts Track Club
Brooks Running signed Virginia frontrunner Henry Wynne to the Brooks Beasts Track Club.
Kids Foot Locker Goes ‘1-ON-1’ with Top NBA Draft Prospects
Kids Foot Locker and top NBA Draft prospects including Lonzo Ball, Jayson Tatum, Jonathan Isaac, De’Aaron Fox and Malik Monk “kickoff their professional basketball journey in the hot seat by young fans.”
L.L. Bean Exec To Lead Maine Audubon
Andy Beahm has been appointed the new executive director of Maine Audubon. He has served as interim director since January and worked for L.L. Bean for 34 years.
Sears Canada Files For Bankruptcy
Sears Canada, which has more than 200 stores, filed for bankruptcy early Thursday.
Vibram Names Rock Gear As Official Canadian Distributor
Rock Gear Distribution, based in Crowsnest Pass, Alberta, offers terms in Canadian dollars and quick delivery times with its Canadian warehouse.
Amazon Joins SFIA’s Board
The Sports & Fitness Industry Association (SFIA) shared that Amazon has joined the SFIA Board of Directors, to be represented by Fouzan Mansuri, director and category leader for Sports & Fitness at Amazon.
Under Armour Signs Josh Jackson
Under Armour signed Kansas guard Josh Jackson, expected to be a top-five pick in the NBA Draft, to an endorsement deal.
Nike Signs Seven NBA Draft Hopefuls
The players include Markelle Fultz, De’Aaron Fox, Malik Monk, Bam Adebayo, Jayson Tatum, Harry Giles and Jonathan Isaac
U.S. Lacrosse Launches Nationwide Lacrosse Communities Project
U.S. Lacrosse, the sport’s national governing body, announced the launch of the Lacrosse Communities Project – a program developed to create a vertically-integrated series of opportunities for children to participate in lacrosse from grade school through adulthood.
Report: Nike In Discussions To Sell Directly On Amazon
Nike is close to reaching a deal to sell directly on Amazon.com, according to a report from Goldman Sachs. Nike products are already sold on the site through third-party and unlicensed dealers.
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