TJX’s Q1 Exceeds Plan, Outlook Lifted
The TJX Companies Inc. reported first-quarter earnings that beat expectations and raised its outlook.
Adidas Partners With Seattle University
Seattle University and Adidas have entered a seven-year partnership in which the Portland, OR-based company will become the official athletic footwear, apparel and accessory brand of the Redhawks, effective July 1.
Kohl’s Cuts Outlook After Quarterly Miss
Kohl’s reduced its annual outlook after reporting first-quarter results came in below analysts’ estimates. Michelle Gass, Kohl’s chief executive officer, said in a statement, “The year has started off slower than we’d like, with our first quarter sales coming in below our expectation.”
JCPenney Appoints Chief Customer Officer
J. C. Penney Company Inc. announced that Shawn Gensch has been named executive vice president, chief customer officer, Gensch joins JCPenney from Sprouts Farmers Market.
JC Penney’s Q1 Loss Steepens
JCPenney Company Inc. widened its loss in the first quarter to $154 million, or 48 cents per share, from a loss of $78 million, or 25 cents, last year. Comparable sales decreased 5.5 percent for the first quarter.
How Asics Plans To Regain Its Stride In Run
Following 13 consecutive quarters of declines, Asics returned to growth in North America in the first quarter, led by the Performance Running category’s return to positive growth. In an interview with SGB Executtive, Richard Sullivan, EVP of sales, categories and marketing, Asics North America, discusses the reason Asics returned as title sponsor of the Los Angeles Marathon and its strategies for regaining its leadership positioning in the run category.
Spain To Exit Adidas Contract
The Spanish soccer federation said it is breaking its contract with Adidas and has opened negotiations with other apparel companies. Adidas has sponsored Spain since 1991.
Asics Releases 2018 Sustainability Report
Asics Corp. released its 2018 Sustainability Report that showed the company making significant progress in reducing CO2 emissions.
ISA TanTec Opens Its First Showroom In Europe
ISA TanTec, the eco-friendly leather manufacturer, celebrated the grand opening of a new showroom set up in their Italian tannery, Scamosceria del Brenta Srl (Scabrenta), located in Bassano del Grappa on May 9.
Nike To Change Pregnancy Policy In Athlete Contracts
Nike said Friday it was adding language to future contracts that would protect female athletes’ pay during pregnancy. The change comes after the brand received backlash last week for freezing compensation for some pregnant women under endorsement deals.
MEC Leads Fifth Annual Gustavson Brand Trust Index
The Peter B. Gustavson School of Business at the University of Victoria unveiled its fifth annual Gustavson Brand Trust Index that showed Mountain Equipment Co-op (MEC) led this year’s ranking as the most trusted brand in Canada.
Nike’s Impact Report Shows Progress On Diversity
Nike Inc’s FY18 Impact Report showed Nike saw a 4 percent increase of VP-level representation of women in 2018, bringing the total to 36 percent. The report, the company’s first Impact Report, further revealed a 3 percent increase of VP-level representation of U.S. underrepresented groups, bringing the total to 19 percent.
PGA Tour Superstore To Open Four Stores In The Coming Weeks
PGA Tour Superstore announced the opening of four stores over the next two months. The locations include Austin, Boston, Denver and Sarasota.
Kathmandu Splits COO And CFO Functions
Kathmandu Holdings Limited said it is splitting the COO and CFO functions As part of a structural change aimed at enhancing its focus on international expansion while continuing to strengthen its Australasian operation.
NSGA’s Sporting Goods Market Report Shows Slight Industry Gains In 2018
Consumer retail purchases of sporting goods equipment, athletic footwear and athletic apparel increased to $69.9 billion for the categories tracked by the National Sporting Goods Association (NSGA) in 2018, an increase of 1 percent versus 2017.
