Canada Goose Slides On Downgrade
Shares of Canada Goose fell Canadian$4.73, or 7.1 percent, to C$46.05 Thursday on the Toronto Stock Exchange after Wells Fargo downgraded the stock. The analysts pointed to less search traffic on popular internet search engines looking for Canada Goose merchandise, and concerns about international trade.
Brooks Sees Record Year In 2018
Brooks Running Co. reported global revenue reached a record $644 million in 2018, a 26-percent year-over-year. The gain was driven by a 28-percent increase in global footwear sales. Apparel stabilized and grew 7 percent.
Foot Locker Introduces ‘Power Store’ Model In North America With New Store In Metro Detroit
Foot Locker Inc. unveiled its newest store model with the opening of a “Power Store” on Friday, Jan. 25, on 8 Mile Road in Eastpointe, MI. With more than 8,500 square-feet of retail space, Foot Locker boasts full-family shopping with a women’s shop-in-shop and a Kids Foot Locker; offering footwear, apparel and accessories for men, women and kids.
RunnerClick Survey Finds Women, Seniors Pacing Marathon Growth
RunnerClick, the online community dedicated to running, has come out with what it describes as the “largest recreational marathon research study,” spanning 39 countries. Among the findings was that the U.S. has the highest proportion of female runners, making it the most gender equal country (45 percent female), followed by Canada (40 percent female). Greece is the worse in terms of female participation with 90 percent male and 10 percent female.
NRF Big Show: Retail’s Transformation On Display
While the trade show floor was packed with many new retail technologies driven by artificial intelligence, the seminars at the NRF Big Show 2019 explored how those digital advances are working their way to retail’s selling floors.
Scarpa North America Names KnS Reps As 2018 Sales Agency Of The Year
Based on strong growth and proactive teamwork, Scarpa North America named KnS Reps, its sales team for the Rockies region, as 2018 Sales Agency of the Year.
L.L.Bean Gives $4 Million To Nonprofit Organizations In 2018
L.L.Bean announced year-end approval of its charitable program, contributing $4 million in grants, products and sponsorships in 2018 through its newly named L.L.Bean Outdoor Access Fund and L.L.Bean Community Fund. Grants included the National Park Foundation and The Trust for Public Land.
Under Armour Names Tchernavia Rocker Chief People And Culture Officer
Under Armour Inc. announced the appointment of Tchernavia Rocker as its new chief people and culture officer. Rocker, formerly at Harley-Davidson, will lead all facets of the company’s human resources function.
Salomon Teams With Lake Sonoma 50 To Support Northern California Charity
Salomon announced its partnership with Lake Sonoma 50, the endurance race held near Healdsburg, CA, known for its relentless course and charitable spirit.
Adidas, Foot Locker Partner To Create Shoes
Adidas and Foot Locker to create a new initiative that re-envisions the future of creativity and speed with the assistance of Adidas Speedfactory USA and Germany. Beginning this month, Adidas and Foot Locker will co-create consumer-inspired Adidas Made For (AM4) shoes across the country at various cultural events and sport moments throughout the year.
Nike And Under Armour Both Earn Stock Upgrades
Cowen on Tuesday raised its rating on Nike to “Outperform” in part because the brand’s strong innovation pipeline and quick-turnaround capabilities are expected to drive margins higher. Goldman Sachs lifted its rating on Under Armour to “Buy” due also to signs of margin improvement near-term along with healthier growth in the long term.
Under Armour To Sponsor Catholic University
Under Armour reached a five-year apparel agreement with Catholic University Athletics in Washington, D.C. through BSN Sports.
Puma Signs Multi-Year Partnership With Egypt Football Association
Puma has signed a new multi-year partnership with the Egyptian Football Association, which will see the brand once again team up with Africa’s most successful team.
Caleres Amends Credit Agreement
Caleres announced it has entered into an amendment of its credit agreement, which extends its senior secured asset-based revolving credit facility to January 2024, reduces upfront and unused borrowing fees, provides for less restrictive covenants, and offers more flexibility.
Retail Reports Roundup – January 21
A stack of retail surveys and studies arrived just in time for last week’s NRF Big Show in New York City. Research included the arrival of the “Emerging Male ‘Power Shopper” as well as retail developments with artificial intelligence, mobile apps, smart speakers, fulfillment technologies, personalization, card-not-present fraud and more.
