The Buckle’s July Comps Dip
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 3, 2019 decreased 0.5 percent.
Adidas’ Q2 Currency-Neutral Sales Rose 4 Percent
Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas’ outlook was confirmed for the year.
Barneys Has Until October 24 To Find Buyer And Avoid Liquidation
Barneys New York, which filed for bankruptcy Tuesday, secured new financing from Brigade Capital Management, LP and B. Riley Financial Inc. and has been given a deadline of October 24 to find a buyer to avoid liquidating.
Wolverine World Wide’s Q2 Earnings Top Targets
Wolverine World Wide Inc. reported second-quarter sales increased 1.1 percent. Earnings dipped slightly but exceeded Wall Street’s consensus targets by two cents. Merrell grew mid-single digits and Sperry improved to flattish growth in the quarter.
Nike Signs Deal With The University Of Alaska Fairbanks
Nike signed a five-year deal to outfit the athletic teams of the University of Alaska Fairbanks. BSN Sports will supply the merchandise as part of the initiative.
Skechers And Adidas Settle Lawsuit Over Striped Shoes
Skechers has asked the U.S. District Court for the Central District of California to dismiss a trademark infringement suit without prejudice. The lawsuit involved one of its styles which Adidas claimed infringes its three-stripe trademark.
Super Heroic To Develop Nerf Apparel And Footwear Line
Hasbro Inc. and Super Heroic Inc., the kids sneaker brand, announced a licensing agreement to bring Nerf-branded kids’ apparel and footwear to market this August. The line will be available at select Foot Locker and Kids Foot Locker stores.
Barneys New York Files For Bankruptcy Protection
Barneys New York filed for bankruptcy protection and announced plans to close 15 of its locations.
Trade War Escalates With Currency Manipulation Charges
China allowed its currency to drop sharply on Monday to the weakest level in more than a decade, prompting the Trump administration to take the historic step of labeling China a currency manipulator.
Xtep Closes K-Swiss Acquisition
Xtep, the China-based sports company, closed its acquisition of E-Land Footwear USA Holdings Inc., the owner of the K-Swiss, Palladium, Supra, PLDM and KR3W brands for $260 million.
The North Face Announces 2019 Explore Fund Grant Recipients
The North Face announced the 2019 Explore Fund Grant recipients, welcoming a new class of 42 organizations enabling exploration for all.
JCPenney Appoints EVP Of Stores
J.C. Penney Company Inc. announced that James (Jim) DePaul has been named executive vice president of stores, effective August 5, reporting directly to Jill Soltau, chief executive officer.
StockX Hit By Data Breach
StockX, the leading online marketplace for retro sneakers, has fallen victim to a data breach, allegedly exposing sensitive information of more than 6.8 million users worldwide.
Nike Extends Deal With National Women’s Soccer League
Nike and the National Women’s Soccer League (NWSL) have agreed to an extended partnership through 2022 in which Nike remains the league’s exclusive partner of uniforms, apparel and equipment.
Asics North America Sees Sales Increase In Q2
The second quarter of 2019 for Asics North America (ANA), which includes the United States, Canada and Mexico, showed positive regional growth year-over-year and increased traffic to both online e-commerce and retail channels. This marks the second consecutive quarter of growth for Asics North America.
