Net profits grew 30.6 percent on a 3.6 percent revenue gain.
Category: Footwear
Netshoes Slashes Q1 Loss
Netshoes Ltd., in its first quarterly report since going public, reported significantly lower losses in the first quarter as sales grew 18.1 percent on a currency-neutral basis.
Jordan Brand Signs Chinese Basketball Star
In conjunction with Jordan Brand’s 20th anniversary of entering Greater China, the brand has signed its first Chinese basketball player, Guo Ailun.
Nike Signs Soccer Phenom Mallory Pugh
Pugh, 19, has also stated she will sign with the Washington Spirit in the NWSL.
Rack Room Shoes Adds Two New Directors To Corporate Team
Julie Barr and Kim Auman-Fanning joined the company as human resources director and loss prevention director, respectively.
Vasque Kicks Off Thru-Hike Season With Sponsorships
Vasque will support the Pacific Crest Trail (PCT), Continental Divide Trail (CDT) and Appalachian Trail (AT), as well each trails’ associated Trail Days.
J.C. Penney’s Shares Tumble On Q1 Loss
J.C. Penney’s stock plunged nearly 14 percent on Friday at $4.55 per share after the department store operator reported weak comparable sales and a massive net loss in the first quarter.
OIA Issues Call To Action To Save National Monuments Designations
In an open letter, Alex Boian, VP of government affairs & OIAPAC treasurer, Outdoor Industry Association, issued a call to action in response to President Trump’s Executive Order 13792 that calls for a review of 27 national monuments designated since January 1996.
VF Corp. Appoints Arne Arens As The North Face Global Brand President
Said Scott Baxter, vice president, VF and group president, Outdoor & Action Sports Americas, “I am confident that Arne’s passion for and deep understanding of the outdoor marketplace, coupled with his management expertise and operational agility, make him ideally suited to unlock new opportunities and accelerate growth for The North Face around the world.”
Mizuno Corp.’s Annual Profits Tumble
The decline reflects losses in the Americas and EMEA region as well as a profit decline in its home market of Japan.
L.L.Bean Opening Store In Boston Seaport
The 8,600-square-foot location will mark its fifth location in Massachusetts and the 37th store outside of Maine.
Gander Mountain To Change Name
Gander Mountain plans to change its name to Gander Outdoors, according to a tweet from its new owner, Camping World CEO Marcus Lemonis.
Asics Renews Sponsorship Of Italian Athletics Federation
As part of the five-year deal, the brand will continue to supply all competition wear at all major international competitions.
Dick’s Sporting Goods Fixes $23 Million Accounting Error
Dick’s said it should have recorded non-cash impairment and store closing charges of $32.8 million in the fourth quarter. Instead, charges of only $9.4 million were recorded on the line item in its initial report.
Mizuno’s FY17 Results Pulled Down By Americas Weakness
The Americas region showed a loss of ¥2.54 billion ($22.4 million) as sales on a currency-neutral basis dropped 16 percent.
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