Adidas Extends Stock Buyback Program
Adidas announced the start of the second tranche of its current multi-year share buyback program announced in March 2018. The company intends to repurchase own shares worth around €800 million in 2019.
Wells Fargo: Industry Facing Risks Amid China Slowdown
After Apple announced lower-than-expected performance over the holiday season on January 2, Wells Fargo in a note said concerns over slowing growth in China may cause a “negative read-through” for Nike, Adidas, Skechers and other consumer-goods companies with big exposures to China.
Vibram Names Burten Distribution As Official U.S. Distributor Of All Furoshiki Product
Vibram, maker of high-performance soles and creator of the Vibram FiveFingers articulated toe shoe, is has announced Burten Distribution as the exclusive distributor for Vibram’s Furoshiki line of footwear in the U.S.
Retail Imports Level Off After Rush To Beat Tariffs
Imports at the nation’s major retail container ports have slowed down after a months-long rush to beat increased tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
WWE Names Sarah Cummins SVP, Consumer Products
WWE announced the appointment of Sarah Cummins as senior vice president, consumer products. Prior to joining WWE, Cummins was head of business development & strategic partnerships at New York Road Runners Inc.
Outdoor Afro Welcomes Keen’s Ashley Williams To Board Of Directors
Outdoor Afro, a national non-profit whose mission is to create and inspire black leadership in nature, just announced its newest board member, Ashley Williams, senior director, global marketing Keen Inc. Keen and Williams have been long-standing supporters of Outdoor Afro.
Wigwam Socks Announces Ambassadors Search
Wigwam Mills Inc., the maker of premium, made-in-the-USA socks, has announced it is searching for Wigwam brand ambassadors to wear and represent their socks and the Wigwam brand during the current year. The program, called #TeamWigwam, will include a diverse group of approximately 12 of athletes.
G-III Apparel Names Fran Della Badia President Of AM Retail Group
G-III Apparel Group, Ltd. announced the appointment of Fran Della Badia as president of AM Retail Group, Inc., the retail subsidiary of G-III that operates stores and websites for its DKNY, Wilsons Leather, G.H. Bass and Karl Lagerfeld Paris brands and stores for the Calvin Klein Performance brand.
Sporting Goods’ Purge: Where Did They Land?
The liquidation of Sports Authority and other retail closures and mega-mergers over the last few years led to many executives finding new jobs inside and outside the industry. See where many landed.
Sears Prepares For Possible Liquidation
Sears Holdings Corp. is preparing to potentially wind down the iconic retailer after Chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, according to reports.
Retail Jobs Grew 37,600 Year-Over-Year In December
Retail industry employment in December increased by 15,200 jobs seasonally adjusted from November and 37,600 jobs unadjusted year-over-year, the National Retail Federation said.
Coco Ho Joins Reef Team
Reef welcomed Coco Ho as an ambassador. Ho comes from a long line of professional surfers. Sister of current Reef ambassador Mason Ho, daughter of surfing Icon, Michael Ho and Niece to 1993 World Champion and former Reef ambassador, Derek Ho.
Vans Files Copyright Suit Against Primark
Vans sued Primark for the alleged “intentional knock-offs” of one of its signature designs.
WSS Hands Out Thousands Of Toys To Their Communities
WSS, the sneaker retailer based in California, this holiday season, through their WSSCares! Initiative, and in partnership with Adidas and Mattel Toy Store, invited families throughout the season to WSS to host locations to pick out toys with their boys and girls.
19 Burning Questions for ‘19
As the new year gets underway, plenty of questions linger around the active lifestyle, outdoor and sporting goods industries. The writers of SGB Executive came up with, fittingly, 19 questions that are likely to dominate headlines in ‘19, including the future of trade shows, the staying power of the athleisure trend, the effects of the trade war, the impact of channel disruption and much more. Here they are.
