Asics Sees 8 Percent Q3 Sales Drop In The Americas
Asics Corp. reported an operating loss in its American region of ¥398 million ($3.5 mm) in the third quarter as sales declined 8.1 percent. Companywide, Asics slashed its earnings guidance for the year as it also saw a steep decline in profits in the Europe and a modest decline in Japan.
361 Degrees Launches Retail Racing League
Kicking off mid-2019, the league will be comprised of teams from run specialty retailers who will compete at local races over an eight-month period to win the opportunity to run the final race in early 2020 and take home the coveted $50,000+ prize purse.
Darn Tough Vermont Appoints Reps For Southern Region
Darn Tough Vermont, the maker of performance outdoor and lifestyle socks, announced that effective immediately Apex Outdoor Sales is responsible for representing the Darn Tough brand covering all channels servicing Texas, Arkansas, Louisiana, and Oklahoma (TALO).
Vasque Appoints Peter McConkie As National Sales Manager
Vasque Footwear, a family-owned company with more than 50 years of experience in the outdoor footwear sector, has named industry veteran Peter McConkie as its new national sales manager.
Nike Joins Transgender Equality Group
Nike joined 56 other major companies in issuing a call to respect transgender rights.
Asics Slashes Guidance On Weak Nine-Months Results
Asics significantly lowered its outlook for the year after reporting a steep decline in profits in the nine months on a 4.7 percent revenue decline. The Americas region showed a loss in the nine months on a 17.8 percent sales drop.
Amazon Drops Minimum Purchase Requirement For Free Holiday Shipping
Amazon said that beginning November 5, and for a limited time, all Amazon customers can enjoy free shipping with no minimum purchase amount on orders that will arrive in time for the Christmas holiday.
ABEO Appoints SVP Of Global Business Development
ABEO, the comfort footwear brand, announced the hire of Brian Dillman as senior vice president of global business development.
Acushnet Lifts Outlook On Promising Q3
Acushnet Holdings Corp. slightly lifted its full-year guidance for earnings and sales after reporting robust growth in Titleist golf clubs and solid growth in Titleist balls that led to better-than-expected third-quarter results.
Aisle Talk Week of October 29
Top headlines from the active lifestyle industry you may have missed this week, including the outlook for U.S. apparel and footwear manufacturers being changed to positive from stable, according to Moody’s Investors. The agency cited the progress of companies like VF Corp. (pictured) in the report.
Moody’s Lifts Outlook For US Apparel And Footwear Industry
The outlook for US apparel and footwear manufacturers has been changed to positive from stable, Moody’s Investors said in a new report. After two challenging years, earnings growth is accelerating beyond the rating agency’s previous expectations and is expected to remain robust over the next 12 to 18 months. The agency cited the progress of Nike, Inc., PVH Corp. and VF Corp.
Cherokee Appoints Evan Hengel To Board
Cherokee Global Brands appointed Evan Hengel to the company’s board of directors. Hengel will serve as a director of the company effective immediately.
Surfrider Foundation Launches ‘United States And Oceans of America’
The Surfrider Foundation, a nonprofit organization dedicated to the protection of clean water and healthy beaches, launched its nationwide United States and Oceans of America (USOA) campaign to rally Americans to join the bipartisan fight to protect our oceans and coasts for the future.
L.L.Bean To Expand Presence In Canada
L.L.Bean announced its first-ever entrée into the Canadian wholesale and brick and mortar retail market this fall with an exclusive agreement with Jaytex Group to distribute a broad assortment of L.L.Bean products. Jaytex Group, a 40-year old company, is a Canadian distributor of high-quality brand name outerwear and apparel.
Canada Goose Steps Into Footwear With Acquisition of Baffin
Canada Goose Holdings Inc. on Thursday afternoon announced that it has acquired Baffin Inc., a Canadian designer and manufacturer of performance outdoor and industrial footwear, for C$32.5 million (US$24.8 million).
