Nike Acknowledges Diversity Shortfalls In FY16/17 Sustainability Report
In the company’s just-released FY16/17 Sustainable Business Report, Nike Inc. stated that leadership representation for women globally and underrepresented minorities (URM) in the U.S. “have not evolved as fast as we would have liked” since the company’s last sustainability report arrived in 2016. The report also lists an extensive number of steps Nike is taking to improve diversity and inclusion efforts.
Deckers Brands Crushes Income, Revenue Estimates
Footwear, apparel and accessories company Deckers Brands reported fourth-quarter net income of $29.7 million, or diluted earnings per share of 66 cents, up from last year’s Q4 loss of $12 million, or (49) cents per share, and beating analysts’ estimates by 31 cents per share.
Shoe Carnival Lifts Guidance On Strong Q1
Shoe Carnival Inc. reported first-quarter profits climbed 58.5 percent as comps grew 1.3 percent and gross margins expanded 150 basis points.
Report: Nike To Replace Under Armour In MLB Deal
Nike Inc. is close to striking a deal to continue as Major League Baseball’s on-field apparel suppler in the 2020 season, according to a report from SportsBusiness Daily. Under Armour was expected to assume on-field rights from Nike in 2020.
PGA Tour Superstore Celebrates Women’s Golf Day
PGA Tour Superstore will offer hours of free golf instruction and golf activities in recognition of Women’s Golf Day on Tuesday, June 5, 2018.
Sierra Trading Post Joins Warrior Dash As Official Outdoor Retail Partner
Warrior Dash, the 5k obstacle course race that more than 3 million participants have completed since 2009, and the race’s parent company, Red Frog Events, announced Sierra Trading Post as the official Outdoor Retail partner of Warrior Dash 2018.
Brooks Running Unveils First Personalized Performance Running Shoe
Brooks Running Company introduced the Brooks Genesys, the company’s first personalized running shoe— will become available for runners in the U.S. in early 2019.
Sportsman’s Warehouse’s Q1 Comps Climb 3.4 Percent
Sportsman’s Warehouse widened the company’s loss slightly in the first quarter, but both the loss and sales came in at the high end of expectations. Same-store sales were up 3.4 percent in the quarter ended May 5.
Adidas Extends UEFA Champions League Partnership
UEFA announced the extension of Adidas’ partnership with the UEFA Champions League for the 2018–21 cycle as the Official Match Ball Supplier, continuing the company’s relationship with the sportswear company which began in 2001.
USA Triathlon Unveils “Legacy Triathlon” To Be Held in Long Beach
USA Triathlon, in partnership with the City of Long Beach, announced plans for the Legacy Triathlon—a new event to be held in Long Beach, CA, starting July 20, 2019.
LL.Bean Chairman Urges UNH Grads To Lead ‘Adventure-Filled” Lives
In his commencement address for the University of New Hampshire’s 2018 graduating class, Shawn Gorman, L.L.Bean’s chairman, called the outdoors “a critical antidote to this hyper-competitive, hyper-stressed, tech-driven world we live in.” While technology powers the world in wonderful ways, “it will never fill your soul like a sunrise in the mountains,” he said.
Macy’s Appoints CFO
Macy’s Inc. announced that Paula A. Price will be appointed chief financial officer, effective July 9, 2018.
2018 Handbag Luncheon Honors Puma for Selena Gomez Lupus Campaign
The 9th annual Lupus Research Alliance Lupus Handbag Luncheon & Silent Auction honored two supporters to the lupus cause: Puma and IBM Associate Partner Veronica Vargas Lupo.
Nike Signs Sevilla
Nike signed Sevilla to a new three-year kit supply deal. New Balance’s deal with the La Liga club expired at the end of the 2017-18 season.
Kohl’s Delivers Blow-Out Q1 On Active Strength
Led by 10 percent comp growth in its active assortments, Kohl’s Inc. reported first-quarter earnings that easily topped Wall Street’s targets and lifted its guidance for the year. Nike, Under Armour and Adidas led the active gains and the department-store operator is planning a 30-store test that will see square footage dedicated to active expand by 40 percent.
