Foot Locker To Ramp Up Capital Spending In 2019
Foot Locker Inc. said its Board of Directors approved a $275 million capital expenditures program for 2019, compared to the approximately $200 million in 2018. The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives.
Altra Signs On As Title Sponsor of Tobacco Road Half Marathon
Altra is now the Title Sponsor of the Tobacco Road Half Marathon, which takes place on Sunday, March 17, 2019, in Cary, NC along with the Tobacco Road Marathon.
Wolverine’s Q4 Boosted By Momentum At Merrell And Sperry
Wolverine World Wide reported earnings on an adjusted basis grew 27 percent in the fourth quarter, helped by improving margins and a sharp reduction in operating expenses. Revenues inched up 0.2 percent and benefited from accelerated revenue growth from Merrell and Sperry.
Payless ShoeSource Files For Bankruptcy Protection
Payless ShoeSource Inc. filed for voluntary Chapter 11 bankruptcy protection for the second time as it prepares to close all its North American stores by the end of May.
Pony Reaches New Licensing Agreement With One Step Up
Iconix Brand Group Inc. has signed a new agreement with One Step Up to be the exclusive apparel and footwear licensee for the Pony brand in North America.
361 Degrees Forecasts Profit Decline For 2018
361 Degrees International Limited said it expects a “notable” decline in earnings before taxes in 2018 due to an expected loss for the second half due in part to the U.S./China trade dispute.
Colorado Store To Close After Nike/Kaepernick Boycott
A Colorado sports apparel and memorabilia store is closing following its move to stop selling Nike product as a protest against the brand’s embrace of Colin Kaepernick.
JD Sports Acquires Stake In Footasylum
JD Sports has purchased an 8 percent stake in Footasylum, which has 70 stores in the United Kingdom.
SFIA: Sports Industry Facing Too Many Casual Participants
The annual SFIA Topline Participation Report found more Americans embracing healthy lifestyles in 2018, including notable gains in participation in a number of outdoor and fitness activities. But the study found tackle football participation taking another hit and overall gains being driven by casual rather than core participants.
Brazil’s Centauro Files For IPO
Grupo SBF, owner of the Brazil sporting goods chain Centauro, filed for an initial public offering on the São Paulo stock exchange.
SportChek Q4 Boosted By Owned-Brands Push
Canadian Tire Corp reported that its SportChek segment saw same-store sales climb 2.5 percent in the fourth quarter, helped by a strong reception to its owned brands, Ripzone, Helly Hansen and Woods. Said Allan MacDonald, Canadia Tire’s EVP of retail, “I’m pleased that our owned brand strategy has now taken root at Sport Chek where we have to compete with some of the greatest brands in the world.”
Eddie Lampert Steps Down As Sears’ Chairman
Eddie Lampert will step down as chairman of Sears Holdings Corp’s board, effective immediately, according to a regulatory filing.
Macy’s Names Patti Ongman Chief Merchandising Officer
Macy’s Inc. announced that Patti Ongman has been named chief merchandising officer of the Macy’s brand, effective March 1, 2019. Ongman succeeds Jeff Kantor in this role, who previously announced his decision to retire.
OBIT … Fila’s Jon Epstein
Jon Epstein, president and global chief commercial officer of Fila North America, died on Friday. He was 63.
Yue Yuen’s January Sales Surge
Yue Yuen reported revenues of $924.0 million against $737.1 million a year ago, a gain of 25.4 percent.
