Adidas U.S. Momentum Continues
Adidas AG’s earnings more than doubled in the second quarter, thanks to a boost from the World Cup and continued over-sized growth in North America and China. Adidas Brand’s 15.6 percent currency-neutral gain in North America eased concerns that the brand was losing ground in the U.S. to Nike’s resurgence.
Hibbett Sports Partners With Jermaine “Funnymaine” Johnson
Hibbett Sporting Goods Inc. announced a partnership with comedian Jermaine “Funnymaine” Johnson, aka “The Bama fan on the couch,” as the exclusive Funnymaine Collection licensed apparel in-store retail partner.
Footaction Launches ‘No One Way’ Campaign
The brand appointed four creative directors to support the company’s fall campaign. The partners include rapper/model/designer Sheck Wes, designer/music artist/podcaster Theo Martins, photographer Cary Fagan and creative collective LVRN.
USA Dawgs Sold To PE Firm
Optimal Investment Group (OIG), a private equity firm based in Sherman Oaks, CA, announced today that the firm has acquired the assets of USA Dawgs Inc., a Nevada-based branded footwear distributor.
Retail Imports Set Multiple New Records Ahead of Tariffs
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and Hackett Associates.
Darn Tough Vermont Names Brooke Kaplan Director Of Marketing
Darn Tough Vermont, a manufacturer of outdoor and lifestyle socks, has appointed Brooke Kaplan as director of marketing.
Oofos Partners With Special Olympics New Jersey
Recovery footwear company Oofos has partnered with Special Olympics New Jersey (SONJ) in 2018 for a second year supporting Healthy Athletes as part of the SONJ State Games and Special Olympics USA Games for individuals with intellectual disabilities.
Report: 5 Charged For Counterfeiting $70 Million Worth Of Air Jordans
Authorities have charged five people with trafficking more than $70 million in counterfeit Nike Air Jordan sneakers, according to a report in the North Jersey Record.
Adidas Q2 Earnings Top Estimates On China And U.S. Growth
Powered by double-digit growth in China and the Americas, Adidas reported second-quarter earnings topped analyst expectations and confirmed the company’s outlook for the year. Reebok’s sales were again down and a charge was taken against the brand due to an accounting correction.
Canadian Tire’s Q2 Sales Miss Plan
Canadian Tire’s sales came in lower than expected in the second quarter due to a cold April. FGL Sports, the parent of Sport Chek, saw comps decline 3 percent.
Shoe Carnival Makes Donations To 350 Philadelphia Schools
In continuation of a partnership between Shoe Carnival and Philadelphia school districts, 10 percent of total purchases at select participating Shoe Carnival locations will go back to the shopper’s school of choice upon checkout.
Adidas To Sponsor Thomas University
Adidas has struck a deal to partner with Thomas University, based in Thomasville, GA, for the next three years.
Merrell Shines For Wolverine World Wide In Q2
High-teen sales growth from footwear brand Merrell was the clear standout found in Wolverine World Wide Inc.’s solid second quarter ended June 30. Merrell, which Wolverine has owned since 1997, was the first beneficiary of the parent company’s “global growth agenda.”
Zumiez Raises Q2 Guidance On Strong July Sales
Zumiez Inc. announced that total net sales for the four-week period ended August 4 increased 23 percent to $83 million, compared to $67.5 million for the four-week period ended July 29, 2017.
Starter And Umbro Bright Spots In Ugly Iconix Q2
Iconix Brand Group Inc. cited successful initiatives supporting the relaunches of Starter and Umbro as highlights in what was otherwise another tough quarter for the company.
