Wolverine Lifts Guidance On Strong Q3 Profit Gains
Wolverine World Wide Inc. lifted its guidance for the third time this year after reporting earnings on an adjusted basis rose 44 percent. Underlying revenue rose 1.1 percent on a currency-neutral basis.
Black Diamond’s Strong Q3 Helps Clarus Reach New Heights
A stellar third quarter from Black Diamond propelled the brand’s parent Clarus Corp. to post record sales in the period and also prompted the company to lift revenue and EBITDA guidance for 2018. Black Diamond notched 12 percent growth, including 14 percent growth in climb and 40 percent growth in apparel.
Brooks Running Strengthens Position In Europe
Brooks Running recently organized its European business into three commercial territories (North, Central and South), each with its own business leader to better capitalize on growth. Brooks also recently appointed a new EMEA Sales Director and EMEA Marketing Director.
Bogs Sales Dip 5 Percent In Q3
Weyco Group, Inc. reported wholesale sales of Bogs were down 5 percent for the third quarter, mainly with outdoor and online retailers.
Nike Names New Leaders For Asia Pacific And Latin America And Global Sales
Nike Inc. announced that effective December 1, Carl Grebert, currently the VP, GM of the global Jordan Brand, will become the company’s new VP, GM of its Asia Pacific and Latin America (APLA) geography. Ann Hebert, currently VP, GM of the APLA geography, will become the new VP, Global Sales.
Merrell Launches “One Trail” Project To Showcase And Celebrate Diversity
Merrell has launched the One Trail project, a campaign celebrating diversity on the trail and seeking to contemporize attitudes about outdoor participation. The first element of the campaign is a mural of portraits taken on trails across the country on September 1, 2018, commemorated in an online gallery.
SGB Executive Q&A: Topo Athletic CEO Tony Post
Topo Athletic, the footwear company that longtime Vibram USA executive Tony Post launched five years ago, has much more to celebrate than a milestone anniversary. Post spoke with SGB about other recent achievements at the brand, including a new partnership with his old company and what drove the company’s decision to enter a new category.
Wrightsock Hires Kittredge And Associates For Four Regions
Wrightenberry Mills Inc., Burlington NC, makers of Wrightsock Double Layer, has hired Kittredge and Associates to represent the brand in all trade channels in several territories.
Salewa North America Appoints Drew Saunders As Country Manager
Salewa North America, which operates the Dynafit, Salewa, Wild Country and Pomoca brands in the U.S. and Canada, has announced promotions within its North American leadership team—Drew Saunders has been named country manager, while Ross Herr was named sales and marketing manager
Fila Signs Sponsorship Agreement With WTA Rising Star Sofia Kenin
Fila announced that it has signed a sponsorship agreement with American tennis player Sofia Kenin.
Under Armour Faces #MeToo Moment
Under Armour in a letter to employees vowed to shore up its culture after the Wall Street Journal came out with an extensive report on years of sexual misconduct at the firm, including a past practice of letting employees expense strip club visits.
Adidas Close To Signing Record Deal With Real Madrid
Adidas is set to sign a record-breaking deal to renew with Real Madrid. The ten-year deal is valued at €1.1 billion (U.S. $1.25 bn), according to Marca.
Retail Reports Roundup
Retail studies arrived on increasing rates of discretionary spending online, online personalization disappointing consumers, disconnects around consumers pricing perceptions, unplanned absence creating selling floor shortages, and rewards members desire for cash.
Oboz Footwear Names Pacific Crest Trading As Southwestern Sales Team
Outdoor footwear company Oboz Footwear has announced that Pacific Crest Trading will represent the brand in the Southwest, including California, Arizona, Nevada and Hawaii.
Adobe Forecasts $124 Billion In U.S. Online Sales This Holiday Season
Adobe predicts that U.S. online sales will increase 14.8 percent, totaling $124.1 billion, while offline retail spending is expected to increase a modest 2.7 percent.
