VF Corp. announced that Eric C. Wiseman will retire as executive chairman of the board and as a director of VF Corporation effective October 28, 2017.
Category: Sports/Fitness
Hibbett’s Shares Crash On Profit Warning
Shares of Hibbett Sports Inc. tumbled $6.60, or 33.5 percent, to $13.10 on Monday after the sporting goods chain warned that second-quarter results would arrive far short of expectations.
OS1st Appoints President
ING Source has named Josh Higgins as the new president of the sports and medical compression bracing company that makes and markets OS1st Base Layer Bracing products.
Nike Announces Results Of The Active Schools Innovation Award
Through a joint effort with the National Elementary and Secondary School Sports Education Steering Committee and the China Education Development Foundation, Nike announced the results for Nike’s Active Schools Innovation Award Sunday evening at the Water Cube National Swimming Center in Beijing.
KKR To Acquire Majority Control Of The Nature’s Bounty
The Carlyle Group announced that it is selling majority control of The Nature’s Bounty Co., the manufacturer of health and wellness products, to KKR.
Hibbett Sees Q2 Loss On Steep Comp Decline
Hibbett Sports said that based on “very challenging sales trends”, comparable store sales are expected to decrease approximately 10 percent for the second quarter ending July 29.
VF Raises Outlook After Q2 Earnings Beat
VF Corp. reported earnings declined in the second quarter but exceeded expectations, prompting the parent of The North Face, Timberland and Vans to raise its guidance for the year.
Skechers’s Q2 Growth Heats Up
Skechers said it continues to be the leading walk, work and casual footwear brand and is second for the categories of all footwear and all casual athletic.
Aisle Talk, Week Of July 17
Top headlines from the active lifestyle industry you may have missed this week.
Academy Sports Lays Off 100 In Restructuring
The layoffs, which follow a similar round of layoffs at its largest competitor, Dick’s Sporting Goods, come as the company has “identified new areas of focus where our energy and dollars will make a real difference as we continue to write our strategic growth story.”
Accell Group Sees Steep Revenue Decline in North America
The decline was due in part of the sale in April 2016 of Seattle Bike Supply, its parts & accessories activities in the region, as well as disappointing sales to multi-sports chains.
Pensole Adds Functional Apparel Design To Its Curriculum
Former Jordan Brand apparel design director Angela Medlin has been tapped to establish the new program.
Academy Undergoes Layoffs
Academy Sports + Outdoors has laid off approximately 100 employees from its corporate office in Katy, TX, according to an e-mailed statement.
Report: CCM Hockey To Be Sold To PE Firm
Adidas reached an agreement to sell CCM Hockey for approximately $100 million to Canadian private equity firm Birch Hill Equity Partners, according to the New York Post.
Sports Direct’s Profits Dragged Down By Weak Pound
On a conference call with analysts, Mike Ashley, CEO and owner, said the company is now expecting an improved U.K. performance at Sports Direct partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores.
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