VF Corp Appoints Veronica Wu To Board
The board of directors of VF Corporation elected Silicon Valley venture capitalist Veronica Wu as a director, effective March 12, 2019.
Tilly’s Finds Booming Online Sales Offsetting Weak Mall Traffic
Tilly’s reported same-store sales leapt 6.4 percent in the fourth quarter, its strongest comp gain since Q311. The run-up was carried by a 49.6 percent hike in online sales, representing the action-sports chain’s strongest e-commerce comp result since Q410.
Aisle Talk Week Of March 11
Top headlines from the active lifestyle industry you may have missed this week, including Brooks Running Company’s promotion of Dan Sheridan to a newly configured role of EVP and chief operating officer.
Report: Dave Dombrow Exits Under Armour
Dave Dombrow, Under Armour’s chief design officer, has left the company, according to a report from Footwear News.
Zumiez Delivers Robust Holiday Quarter
Profits at Zumiez Inc. shot up 48.5 percent in the fourth quarter. Comparable sales increased 3.9 percent.
Tilly’s Scores Best Quarterly Comp Since 2011
Tilly’s Inc. reported fourth-quarter earnings jumped 29.9 percent on 3.8 percent revenue gain. The action-sports chain saw its strongest quarterly comp since 2011.
Brooks Promotes Dan Sheridan To EVP, COO
Following a successful year in which the brand reported a 26-percent year-over-year increase in global revenue, Brooks Running Company has promoted Dan Sheridan to a newly configured role of EVP and chief operating officer. Responsibilities include leadership of the brand’s sales, e-commerce, digital, supply chain and information technology (IT) teams.
Strong Boot And Retro Sales At Journeys Lifts Genesco’s Q4
Powered by healthy momentum for the Journeys chain, Genesco Inc.’s earnings before non-recurring items rose 18.8 percent in the fourth quarter. The company was also aided by a better-than-expected performance by the recently-sold Lids Sports Group in its last quarter with the company.
Genesco Q4 Exceeds Guidance On Journeys Momentum
Genesco Inc. reported earnings excluding non-recurring items rose 18.8 percent in the fourth quarter. Comps grew 4 percent, led by a 7 percent climb at the Journeys chain.
Under Armour’s Social Compliance Program Accredited By The Fair Labor Association
The Fair Labor Association (FLA) announced that its board of directors has accredited the social compliance program of Under Armour Inc. The accreditation confirms the company has strong policies and practices in place to set goals, monitor, and remediate problems to improve conditions for the workers within its global supply chain.
Stars Come Out For National Health Through Fitness Day
Athletes in attendance at SFIA’s 20th annual National Health Through Fitness Day on Wednesday boasted one World Series, one Stanley Cup, 11 Olympic medals; one Heisman Trophy; seven Pro Bowls invites; one NBA Most Improved Player Award and 10 MLB All-Star Game appearances.
Adidas’ Supply Chain Problems Stunt North America’s Momentum
Adidas warned investors it will miss its 2019 growth target because supply chain bottlenecks in the first half of the year are making it difficult to meet demand. The growth is particularly expected to slow in North America, where it has doubled its business in the last three years to take market share from rival Nike
Adidas, USA Volleyball Launch 2019 Adidas Volleyball Experience
Adidas, USA Volleyball and Next College Student Athlete (NCSA) announced the first-ever Adidas Volleyball Experience. The event is free and open to current high school women’s volleyball players.
Adidas Sees Supply Chain Constraints Slowing Growth In First Half
Adidas said it expects supply-chain bottlenecks in North America to slow its growth to between 3 percent and 4 percent in the first half of 2019 before accelerating in the second half. The company still expects growth between 5 percent and 8 percent on a currency-neutral basis overall in 2019, including high-single-digit growth in North America.
Skechers Pier to Pier Friendship Walk Celebrates 10 Years
The Skechers Foundation distributed checks for its largest-ever donations to children with special needs and education after a record-setting year at its 10th annual Skechers Pier to Pier Friendship Walk, sponsored by Nickelodeon and NBC4 Southern California.
