Pentland Group’s 2017 Revenues Climb 25 Percent
Pentland Group PLC reported operating income grew 14 percent in its year ended December 31 on a 25 percent revenue gain. The sale gains were driven by a record performance from JD Sports Fashion PLC.
Federer Leaves Nike For Uniqlo
Eight-time Wimbledon champion Roger Federer, a long-time Nike athlete, has signed on as an ambassador for Uniqlo, the Japanese apparel chain.
SIA Announces Inaugural Trade Mission To China
Snowsports Industries America (SIA) announced the inaugural SIA trade mission to China, September 16-19, 2018.
Salomon Signs Sophie Caldwell
American Nordic skiing star Sophie Caldwell will join Salomon for the 2018-2020 seasons after a successful year in which she finished third in the overall sprint rankings and earned a victory on next year’s World Championships track.
Keen Partners With Newport Folk Festival
Keen Inc., best known for the Newport sandal designed 15 years ago, has signed on as a sponsor of the Newport Folk Festival.
PGA Tour Superstore Plans To Double Store Base by 2022
PGA Tour Superstore, which has 33 locations, plans to open five to seven stores per year and have 60 plus stores by 2022, according to a report from Women’s Wear Daily.
Nike To Debut Nike Live Concept In Melrose
Nike on July 12 in Melrose will open Nike Live, a new store concept “that will be inspired by and built as a hub for its local NikePlus members.”
Retailers Disappointed In Lack Of Progress On Immigration Reform
“One of the fundamental strengths of the U.S. economy is its diverse workforce, and fostering that strength is critical to sustained economic growth.“ NRF’s Senior Vice President for Government Relations David French
NRF: California Privacy Law “Deeply Flawed”
The National Retail Federation called new state privacy legislation expected to be signed into law in California Friday “deeply flawed” and said customer service could be severely hampered if the legislature fails to address retailers’ concerns before the measure takes effect in 2020.
Fila Doubles Distribution Center Footprint In Baltimore
Fila North America has more than doubled the company’s distribution center space, expanding the company’s presence in Baltimore. The company signed a 10-year lease, acquiring a space that sits adjacent to the current Fila facility
Nike’s Shares Pop On U.S. Recovery
Shares of Nike Inc. shot up $8.00, or 11.2 percent, to $79.70 to surpass an all-time high as the sports leader saw growth for the first time in four quarters in the U.S. The gains were boosted by the success of several break-through product launches and the payback of investments in direct-to-consumer and digital engagement.
Nike CEO Mark Parker On Company’s Digital Progress
Nike Inc.’s impressive fourth quarter saw balanced growth across regions and divisions, but the company’s digital gains were especially notable. A jump in digital sales was the result of an increased emphasis on platforms and not just products, according to CEO Mark Parker.
Aisle Talk Week Of June 25
Top headlines from the active lifestyle industry you may have missed this week, including Adidas announcing a potential data security incident.
Report: MLB May Relax Footwear Restrictions
According to Yahoo Sports, MLB and the MLB Players Association are in the midst of negotiating changes to the footwear policy “that would relax the restrictions on colors and designs players can use on their cleats.”
Amer Sports Completes Peak Performance Acquisition, Appoints Board Member For Apparel
In conjunction with the acquisition to support growth across its apparel brands Arc’teryx, Salomon and Peak Performance, Jon Hoerauf, general manager Arc’teryx, has been appointed president Amer Sports Apparel Category and member of Amer Sports executive board.
