Surf Expo Cancelled Due To Hurricane Dorian
Due to the continued threat of Hurricane Dorian on Orlando, the state of Florida, the southeast and the east coast, Surf Expo announced that it will cancel the 2019 event, as well as the pre-show outdoor festival, Waterfest, on September 4, at the Orange County Convention Center in Orlando, FL.
Puma Signs R.J. Barrett
Puma signed former Duke Basketball star and current New York Knick, R.J. Barrett, to an endorsement deal. Barrett was the third pick in the 2019 NBA Draft and is being touted as a possible breakout star.
Over 200 Footwear Companies Push President Trump To Cancel New Taxes On Shoes
Over 200 American footwear companies came together and sent a compelling letter to President Trump on Wednesday asking that he cancel his proposed higher taxes on American shoe customers set to take effect on Sunday. The letter was signed by both small and independent shoe stores and larger footwear brands and retailers.
Rack Room Appoints VP Global Supply Chain North America
Rack Room Shoes has promoted Peter Hohensee to vice president global supply chain North America and has hired retail industry veteran, Donna Mull as CRM director of omni channel to lead the brand’s loyalty program.
PVH Lowers Outlook
PVH Corp. reported second-quarter revenue increased 1 percent (increased 3 percent on a constant currency basis) compared to the prior-year period and exceeded guidance. The company lowered its full year 2019 EPS outlook to reflect a more conservative view in part due to trade war tensions.
Tilly’s Q2 Comps Inch Up 0.6 Percent
Tilly’s Inc. reported earnings were down slightly but handily topped guidance after sales recovered in June and July after a sluggish May.
Under Armour Partners With Eastern New Mexico University
Under Armour signed Eastern New Mexico University (ENMU) to a four-year sponsorship deal.
Puma Opens New York City Flagship
Puma on Wednesday opened the doors to its first-ever North American flagship store, located at 609 Fifth Avenue in New York City. Highlights of the store include innovative sports engagement zones, a customization studio and digitally-connected offerings.
NSGA Elects Three Hall Of Fame Inductees
Peter Capolino of Mitchell & Ness Nostalgia Company, Robert Greenberg of Skechers and Klaus Obermeyer of Sport Obermeyer are the 2020 inductees in NSGA’S Sporting Goods Industry Hall of Fame.
Participation In High School Sports Registers First Decline In 30 Years
Participation in high school sports declined in 2018-19 for the first time in 30 years, according to the annual High School Athletics Participation Survey conducted by the National Federation of State High School Associations (NFHS). Leading the decline was a fifth consecutive year of declining football participation.
OIA Protests Tariff Threats
Patricia Rojas-Ungar, vice president of government affairs at Outdoor Industry Association (OIA), issued a statement criticizing the Trump administration’s threat to raise tariffs higher and order U.S. companies to exit China.
Footaction Launches ‘No 1 Way Design Program’ For HBCU Students
Footaction launched the No 1 Way Design Program, an open call for recent graduates of, or current students at, the 85+ Historically Black Colleges and Universities (HBCUs) across the country. The competition-based initiative will be launched in partnership with Foot Locker, Inc.’s Portland-based strategic partner, Pensole Academy.
Caleres Q2 Tops Estimates
Caleres Inc. reported earnings in the second quarter on an adjusted basis rose 5.1 percent, exceeding Wall Street’s estimates, as sales grew 6.5 percent. Same-store sales rose 1.5 percent at Famous Footwear and the chain is track to deliver its eighth consecutive year of positive back-to-school same-store-sales.
Boot Barn Acquires G.&L. Clothing
Boot Barn Holdings Inc. acquired certain assets of G.&L. Clothing, Inc., an individually-owned retailer operating one store in Des Moines in Iowa.
Cole Haan Prepares For IPO
Cole Haan, acquired in 2013 by private equity firm Apax Partners from Nike Inc., has confirmed that it’s preparing for an initial public offering.
