Shimano Sees Modest Revenue Gain In Q1
Shimano Inc. reported earnings decline 6.9 percent in the first quarter ended March 31 as sales gained 2.9 percent. Operating earnings declines at Bicycle Components segment offset gains in the Fishing Tackle segment.
Rocky Brands’ Q1 Profits Climb 9 Percent
Rocky Brands Inc. reported earnings rose 9.1 percent in the first quarter on a 7.4 percent revenue gain. The gains were supported by higher gross margins and an 18.2 percent jump in retail sales.
Nike Announces Dr. John C. Lechleiter’s Retirement From Board
Nike Inc. announced that Dr. John C. Lechleiter, a director of the company since 2009 and former chairman, president and chief executive officer of Eli Lilly and Company, has decided to retire and will not stand for re-election to the board of directors of Nike Inc. at the September 2019 Annual Meeting of Shareholders.
Consumers Willing To Pay Up For Sustainability
According to CGS 2019 U.S. Consumer Sustainability Survey, more than two-thirds of Americans consider sustainability when making a purchase and are willing to pay more for sustainable products. Gen Z shoppers led the way, with 68 percent having made an eco-friendly purchase in the past year.
Kohl’s To Accept Amazon Returns At All Stores
Kohl’s announced that all Kohl’s stores will be accepting free, unpackaged returns for Amazon customers starting in July.
CrossFit Removes Footwear Restrictions
CrossFit has lifted a rule barring athletes from wearing footwear other than Reebok when competing in the CrossFit Games.
Saucony Appoints Shawn Hoy As VP Of Product
Saucony, a division of Wolverine Worldwide Inc., announced the appointment of Nike veteran Shawn M. Hoy to vice president of global product, effective immediately. In his new role, Hoy will be responsible for guiding Saucony’s global brand footwear and apparel strategies, including design, development, and product innovation.
Rack Room Shoes Appoints CIO
Rack Room Shoes has appointed Brian Minnix as chief information officer.
Nike Inc. Creating Separation In Athletic Apparel
Nike Inc.’s athletic apparel offering is gaining mindshare among consumers in four categories—innovation, fashion, style and value—mostly at the expense of Under Armour, according to a recent survey from Canaccord Genuity Capital Markets.
Oboz Footwear Adds Freestone Sales Group For The Rockies
Oboz Footwear, the outdoor footwear company headquartered in Bozeman, announced that Freestone Sales Group will be representing the brand in Colorado, New Mexico, Utah, and Wyoming.
Topgolf Opens 50th U.S. Venue In Greenville
Topgolf opened the doors to its second South Carolina location at 9 a.m. Friday in Greenville. The new three-level, 55,000-square-foot venue is the company’s 54th location worldwide.
Report: StockX Close To Securing $1B Valuation
StockX is close to securing a new funding round provides a valuation for the sneaker re-seller website of at least $1 billion, according to a report from Recode.
Foot Locker To Bring “Power Store” Concept To NYC
Foot Locker will open its first “Power Store” in New York City in the Washington Heights neighborhood at 605 W. 181st St. The 25,000-square-foot space is expected to open this fall.
Columbia To Support Planet Water Foundation On Earth Day
In honor of Earth Day, Columbia Sportswear will match all customer donations made to Planet Water Foundation at its U.S. retail stores on April 22, Earth Day.
Adidas Partners With Utah Jazz Youth Camps
Adidas has formed a partnership with Utah Jazz Youth Camps and Clinics. All participants will receive a Jazz/Adidas camp jersey, basketball, socks, Utah Jazz ticket credit and a pair of Donovan Mitchell’s D.O.N. Issue #1 shoes.
