Columbia Sportswear Announces Appointment of Peter Ruppe As VP Of Footwear
Columbia Sportswear Company announced the appointment of Peter Ruppe as Vice President of Footwear for the Columbia Brand. “Peter Ruppe is a true leader, bringing a unique combination of strategic and tactical thinking,” said Columbia Brand President Joe Boyle.
Farfetch To Acqure Stadium Goods
Farfetch Limited, a leading technology platform for the luxury fashion industry based in London, announced its definitive agreement to acquire Stadium Goods, the sneaker and streetwear marketplace, for an enterprise value of $250 million. Following the acquisition, Stadium Goods will continue to operate as a standalone brand on the Farfetch platform and will be led by its existing management team.
Under Armour Predicts Slow Recovery On Investor Day
At its Investor Day Wednesday in Baltimore, Under Armour officials touted early paybacks in its Transformation efforts and the brand’s ability tap into a Focused Performer consumer that globally represents $92 billion in revenue potential. But shares of Under Armour fell sharply on the day as Under Armour forecast only modest growth in the years ahead, including little pickup in North America.
Under Armour’s Shares Slide On Weak Guidance
Under Armour Inc. at its Investor Day on Wednesday introduced the company’s 2023 strategic growth plan that calls for a return to a low double-digit growth rate by 2023. But shares of Under Armour fell $2.32, or 10.5 percent, to $19.80 as the company said it expects only low single-digit revenue growth on average over the next five years, including 3 to 4 percent growth in 2019 as gains overseas offsets flat sales in North America.
Footaction Launches ‘No1Way to COZY’ Campaign Featuring Guapdad 4000
Footaction has announced #No1Way to COZY, the second installment in the brand’s #No1Way campaign. Fashion tastemaker and recording artist Guapdad 4000 stars in the three-part digital video series that defies social standards and fashion formality by showcasing some of fashions’ coziest apparel in unexpected settings.
Columbia Sportswear Hires Peter Ruppe To Drive Footwear Growth
Columbia Sportswear has hired Peter Ruppe, a footwear industry veteran most recently at Under Armour, as VP of footwear. According to the Oregonian, Ruppe will guide an effort to double Columbia’s footwear sales within three years.
DSW Eyes Highest Annual EPS Since 2013
Shares of DSW Inc. rose $1,88, or 8.1 percent, to $25.01 Tuesday after the off-price footwear chain posted its second consecutive quarter of strong comp and EPS growth. Earnings easily topped Wall Street’s targets and DSW lifted its annual guidance for second consecutive quarter and predicted it would rack up its highest annual EPS since 2013.
SGB Executive Q&A: Wendy Yang Of Deckers’ Performance Lifestyle Brands
Wendy Yang, president of Deckers Brands’ performance lifestyle brands (Hoka One One, Sanuk and Teva), spoke with SGB recently about what’s driving success at Hoka One One, that brand’s channel strategy and the importance of all three brands’ recent partnership with Camber Outdoors.
The Buckle Sets Special Dividend, Hires General Counsel
The Buckle’s board authorized a $1.00 per share special cash dividend. The company also announced that Brady M. Fritz has been appointed to the position of general counsel and corporate secretary.
Eastbay Unveils Lookbook Cover Featuring Nike Women’s Basketball Stars
Eastbay unveiled its December lookbook cover and women’s holiday campaign, featuring five top WNBA stars :Sue Bird, Elena Delle Donne, Jewell Loyd, Breanna Stuart and Diana Taurasi.
VF Corp. Appoints Stefano Saccone To Vans’ EMEA Post
VF Corp. on Tuesday announced that Stefano Saccone has been appointed to the position of vice president, general manager of Vans, EMEA. Saccone will lead the brand and its business across the EMEA region beginning April 1, 2019.
DSW Smashes Street Targets In Q3
DSW Inc. lifted its annual guidance after reporting adjusted earnings in the third quarter handily topped Wall Streets’ targets on a 7.3 percent same-store gain,. The footwear off-pricer also said it expects the Camuto Group acquisition to contribute pro forma double-digit EPS accretion by 2020.
Imports Set Another Record In October
Imports at the nation’s major retail container ports have set another new record, reaching 2 million containers in a single month for the first time as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China, according to the monthly Global Port Tracker report.
Report: Under Armour Ousts Ryan Kuehl And Walker Jones
Ryan Kuehl, Under Armour’s SVP of global sports marketing, and Walker Jones, the brand’s senior director of sports marketing, both left the company last week following an internal review of their department’s spending, according to the Wall Street Journal. The exits come after reports of a past practice of letting employees expense strip club visits.
Puma Takes Lead In Fighting Climate Change
In anticipation of the UN Climate Change Conference in Katowice, Poland, Puma played an active role in developing the Fashion Industry Charter for Climate Action by leading working groups and encouraging industry peers and partner vendors to join the initiative. The fashion industry’s charter presented at the conference on Monday. The latest reports by the […]
