Hi-Tec Integration Stymies Cherokee Global Brands In Fiscal 2018
As Cherokee Global Brands integrated Hi-Tec into its portfolio and moved it from an indirect sales model to a licensed royalty model, headwinds ensued. The company on Thursday reported a loss for Q4 and fiscal 2018.
Skechers’ Shares Crash On Weak Guidance
Shares of Skechers USA Inc. were trading down about 25 percent in mid-day trading Friday after the company issued softer-than-expected sales and earnings forecasts for its fiscal second quarter following a solid start to the year.
Susquehanna International Cuts Nike’s Price Target On Executive Departures
Susquehanna International Group lowered its price target for Nike shares to $59 from $62 due to heightened risks at the company following a number of senior-level departures in recent weeks after allegations of inappropriate workplace behavior arrived.
OIA Announces Friend Of The Outdoor Industry Award
The Outdoor Industry Association (OIA) presented its Friend of the Outdoor Industry Award to Representative Elise Stefanik, Representative Erik Paulsen and Senator Jon Tester for their continued support of the outdoor recreation economy and key issues important to the outdoor industry.
Zinke Signs Secretarial Orders To Increase Recreational Opportunities On Public Lands and Waters
Secretarial Order 3366 directs certain Interior bureaus to create and deliver plans to the Department within 90 days that focus on developing or expanding recreational opportunities on public lands and waterways.
Cherokee Global Brands Earnings Plummet As Challenges Mount
Cherokee Global Brands reported a fourth-quarter loss of $45.6 million, or $3.26 per share, reflecting the impact of a one-time impairment charge of $35.5 million.
Skechers’ Q1 Profits Climb 25 Percent
Skechers USA Inc. reported earnings rose 25.2 percent in the first quarter on a 16.5 percent revenue gain. Led by the company’s international and retail segments, sales came in easily ahead and earnings at the upper-end of expectations.
Nike Community Impact Fund Awards $250,000 To Nonprofits & Schools
With the goal of building stronger communities and giving kids positive experiences with sport, play and physical activity, 21 nonprofits and schools in Portland and southwest Washington have been awarded grants totaling $250,000.
Adidas Receives German Innovation Award 2018 For Speedfactory
Adidas received the German Innovation Award 2018 for Speedfactory, the company’s manufacturing concept focusing on increasing automation.
Adidas And Ping Sign Joaquin Nieman
Joaquin Niemann, golf’s top-ranked amateur who is making his pro debut this week, signed endorsement deals with Adidas Golf for headwear, apparel, and footwear, and Ping for equipment.
Keiser University Athletics Enters Partnership With Under Armour And BSN Sports
Keiser University has selected Under Armour as the official outfitter of Seahawks athletics and the College of Golf and Sport Management.
Reebok Appoints VP Of Marketing
Melanie Boulden was most recently senior vice president of global marketing at Crayola.
Nike’s VP Of Footwear Exits
Nike’s vice president of footwear, Greg Thompson, has left the company, a company spokesman confirmed to Reuters.
Amazon Reveals It Has 100 Million Prime Members
In a letter to shareholders on Wednesday, Jeff Bezos, CEO of Amazon, revealed that the company has more than 100 million Amazon Prime subscribers globally.
Greats To Open Manhattan Store On April 20
Greats, the high-end sneaker start-up based in Brooklyn, is opening the company’s second store on April 20. The store will be located at the corner of Crosby and Broome in the SoHo section of New York City.
