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.
Sequential Brands Group Hits Q2 Income Target, Beats On Revenue
Sequential Brands Group Inc. reported net income for the second quarter ended June 30 of $7.2 million, or 11 cents per diluted share. Under the company’s previous ASC 605 revenue reporting standard, however, non-GAAP net income for the second quarter 2018 would have been $7.8 million or 12 cents per diluted share, flat compared to second quarter 2017 but hitting the Wall Street target.
Iconix Posts Steep Loss On Mossimo Charge
Iconix Brand Group Inc. reported a loss of $79.4 million in the second quarter after absorbing a write-down for the Mossimo trademark.The company said second quarter results excluding the charge were in line with company’s expectations, although the company now expects earnings to arrive at the lower end of previous guidance.
Wolverine Again Lifts Guidance As Turnaround Gains Momentum
Wolverine World Wide reported second-quarter earning came in well ahead of Wall Street’s targets, helped by healthy growth for Merrell and Sperry and margin gains across brands. The company raised guidance for the year.
Tennis Industry Association Opposes New Tariffs On Imported Goods
The Tennis Industry Association is opposing proposed tariffs on products that are of specific concern to the tennis and racquet sports industry.
Crocs Shares Slide Amid CFO Departure
Crocs Inc.’s otherwise solid second-quarter earnings report was dampened by the announcement that CFO Carrie Teffner will resign next April. The news broke before the market opened Tuesday, and while trading was up early in the day, shares of the Niwot, CO-based footwear maker had dipped nearly 3 percent at market close.
Boot Barn Posts Double-Digit Income, Revenue Growth In Q2
Boot Barn Holdings Inc. reported income for the second quarter ended June 30 of $6.8 million, or 24 cents per diluted share, compared to net income of $0.8 million, or 3 cents per diluted share in the prior-year period.
