Balega Revamps Website
With new digital tools and resources, the new site helps tell the colorful Balega brand story, raises awareness about the work that Balega is doing in communities, and enhances the consumer’s shopping experience.
Five More Senior Managers Exit Nike
Five more senior managers at Nike Inc., Steve Lesnard, Helen Kim, Simon Pestridge, Tommy Kain and Ibrahem Hasan, have left the company, according to a report in the New York Times. The exits follow an internal investigation into workplace behavior that has led to several other executive departures.
Crocs’ Branding Campaign Paying Dividends
Crocs Inc.’s “Come As You Are” branding campaign is paying off for the company in measurable and impressive ways. Crocs reported first-quarter earnings of $12.5 million, up 73.6 percent, as sales of $283.1 million improved 5.7 percent while operating expenses declined.
NASCAR, Camping World Expand Partnership
NASCAR and Camping World have expanded their agreement to provide Gander Outdoors naming rights to the NASCAR Camping World Truck Series.
Farm To Feet Teams Up With Jennifer Pharr Davis For Sweepstakes
Farm to Feet has partnered with Astral Footwear, Sawyer Products, Bugaboo gear list app, the American Hiking Society and Viking Books, a division of Penguin Random House, to launch The Pursuit of Endurance Sweepstakes.
Crocs’ Q1 Earnings Soar
Crocs Inc. reported earnings rose 73.6 percent in the first quarter as sales improved 5.7 percent and operating expenses were reduced. Results topped Wall Street’s targets.
Nike Appoints New Heads Of Global Running Categories
Nike Inc. announced that Rosemary St. Clair has become the new VP, GM of global women’s and Cesar Garcia is the new VP, GM global running, effective immediately.
Iconix Finds Starter, Umbro Resets Gaining Traction
Iconix Brand Group Inc. reported net earnings again eroded in the first quarter on a 17 percent revenue decline. But results were in line with expectations and Iconix’s management said they’re making progress realigning the company’s brand relationships, including Umbro’s with Target and Starter’s with Amazon.
NAFTA Withdrawal Would Mean Higher Consumer Prices And Fewer Retail Jobs, New Study Finds
Withdrawing from the North American Free Trade Agreement would cost retailers and consumers up to $16 billion a year and lead to the loss of 128,000 retail-related jobs over the next three years, according to an AT Kearney study.
Vans Announces Five Finalists For 2018 Custom Culture Competition
Vans announced the top five high schools in the ninth annual Vans Custom Culture art competition.
Adidas Outdoor Re-Signs Climber Kai Lightner To Athlete Team
Adidas Outdoor USA has re-signed climber Kai Lightner, 18, to the company’s team of athletes. Lightner is a 10-time national champion in the USA Climbing youth circuit and won four Pan American Championship titles. Last year, Lightner took first and second place in the adult lead and bouldering national championships as one of the youngest competitors in the field.
Dick’s Sporting Goods To Open Four New Stores In May
Dick’s Sporting Goods will be open four new Dick’s Sporting Goods stores in May. The stores are in Aurora, CO (grand opening ceremonies are May 19-20), West Long Branch, NJ (May 25-27), Gurnee, IL (May 25-27), and McAllen, TX (May 25-27).
Bogs Sales Slip 2 Percent In Q1
Weyco Group Inc. reported sales at Bogs were down 2 percent in the first quarter. Companywide sales were up 1 percent.
Nike Sues Puma For Patent Infringement
Nike Inc filed a lawsuit accusing rival Puma over the alleged use of the company’s patented Flyknit, Air and cleat assembly technologies without authorization.
Iconix’s Q1 Profits Sink
Iconix Brand Group Inc. reported net earnings on an adjusted basis fell 54 percent in the first quarter on a 17 percent revenue decline. Results were in line with expectations.
