Jon Caplan To Retire From Genesco
Genesco Inc. announced that Jon Caplan recently announced his retirement as chief executive officer of Johnston & Murphy and Genesco’s Branded Group, effective at the end of June 2019.
Skechers India To Become Wholly-Owned Subsidiary
Skechers U.S.A. Inc. announced that the company has purchased the minority share of its joint venture in India, transitioning the business to a new wholly-owned subsidiary of Skechers U.S.A. Inc.
Fila Extends Partnership With John Isner
Fila announced it has extended its partnership with the top ranked American male, World No. 9 John Isner.
BSN Sports Acquires Johnny Mac’s
BSN Sports has acquired the team sports business of Johnny Mac’s Sporting Goods, based in St. Louis. All nine of Johnny Mac’s stores are expected to close.
Wolverine Sets New Stock Buyback Program, Raises Dividend
Wolverine World Wide announced a number of actions that reflect its continuing commitment to enhance shareholder value. These include a new share repurchase program, a substantial increase in the company’s quarterly dividend, and further details on the recent amendment to its credit agreement and improved capital structure.
Retail Roundup … 7 Reports For February 2019
Retail studies arrived over the last two weeks around the state of influencer marketing, the link between inventory efficiencies and markdowns, turning one-and-dones into recurring customers, brands’ opportunities to “mend A divided nation,” and more…
Oppenheimer Sees Nike’s Shares Cracking $100
Oppenheimer in a note raised its price target on Nike to $100 from $90 due to greater confidence in the company’s ability to continue to improve margins.
Running Industry Standouts Honored At 2019 Running USA Industry Conference
BolderBOULDER’s Cliff Bosley and Boilermaker’s Jim Stasaitis were inducted to Hall of Champions and Amy Frostick honored with Women’s Leadership Award at Running USA’s Industry Conference held in Puerto Rico.
Performance Bicycle To Shutter Stores By Early March
Performance Bicycle will close all 60 of the remaining stores by March 2, according to Bicycle Retailer.
Report: Payless Preparing For Second Bankruptcy
Payless ShoeSource is preparing for a second trip to bankruptcy court after emerging from proceedings last year, A CNBC report said if Payless cannot find buyers for its real estate, it may need to close the majority or all of its locations in North America.
Beyond Yoga Makes Key Hire
Beyond Yoga, the athleisure company, announced the hiring of Lynsey Cole as director of key accounts and sales strategy. Cole will manage the sales and service strategies of Beyond Yoga’s domestic wholesale business for select major accounts including Amazon, Nordstrom, and REI.
Bissell ABG Giant Unveils New Sponsorship Strategy
After nearly two decades in road racing, Bissell ABG Giant announced a new sponsorship strategy that will see its men’s amateur team expand into gravel and mountain bike races.
Columbia Sportswear Sailing Into 2019 With Broad-Based Momentum
Growth in all channels, all geographies and all brands but one lifted Columbia Sportswear Co. to record revenue for both the fourth quarter and 2018, and the company believes it is riding that momentum to another stellar year. “2018 was a tremendous year for Columbia Sportswear and I’m thrilled to see it end on a high note … ,” said Tim Boyle, Columbia Sportswear’s president and CEO.
Skechers Sees Domestic Wholesale Channel Return To Growth
Shares of Skechers USA Inc. rallied on Friday after the footwear giant reported earnings that easily topped Wall Street’s targets due to tight expense and inventory controls as well as targeted pricing actions. Gangbuster international growth continued while domestic wholesale growth recovered.
Aisle Talk Week Of February 4
Top headlines from the active lifestyle industry you may have missed this week, including a number of former Cabela’s employees, led by Matt Highby, officially launching Highby Outdoors, an e-commerce site focusing on outdoor gear.
