Nike Inc. Makes Up Two-Thirds Of Foot Locker’s Sales In 2017
Foot Locker said 67 percent of the company’s merchandise in 2017 was purchased from Nike Inc., slightly down from 68 percent in 2016, according to its recently-released annual report.
A.D. Starr Becomes Official Ball Supplier Of The Little League World Series
Dick’s Sporting Goods and Dick’s Team Sports HQ announced the retailer’s bulk baseball and softball equipment business A.D. Starr has been named the Official Ball Supplier of the Little League World Series. The deal goes into effect during the 2018 season.
Sportfishing Industry Association Appoints New Membership Director
The American Sportfishing Association (ASA) announced that Kirk Ross, mostly recently with the Arkansas Cattleman’s Association (ACA), is the association’s new membership director.
Nike Pushing To Promote More Women And Minorities
Nike “has failed to gain traction” in hiring and promoting more women and minorities to senior-level positions, according to a memo sent internally to Nike’s employees Wednesday from Monique Matheson, EVP, global human resources.
Squaw Valley Alpine Meadows Continues S.W.A.G. Partnership
Squaw Valley Alpine Meadows plans to continue its partnership with the National Ski Areas Association’s winter gear collection program, Sharing Warmth Around the Globe (S.W.A.G.).
Macy’s CFO To Retire
Macy’s Inc. announced that Karen Hoguet, chief financial officer since 1997, has decided to retire in February 2019, at the completion of the company’s fiscal year.
Shoe Carnival’s Athletic Mix Expands To 53 Percent Of Sales In 2017
Shoe Carnival Inc. said athletic product represented 53 percent of sales in 2017, up from 51 percent in 2016. Nike accounted for 35 percent of its sales in 2017, up from 33 percent.
Good News On Tariff Front For Apparel, Footwear, Outdoors Industries
Apparel, footwear and outdoors products weren’t caught directly in the crosshairs of the escalating trade war with China on Wednesday, allowing those industries to take a “deep sigh of relief,” said Matt Priest, president and CEO of the Footwear Distributors and Retailers of America.
OIA Issues Statement On China Tariffs
The Outdoor Industry Association (OIA) said that while apparel, footwear and travel goods were not included on the United States Trade Representative’s initial list of products from China subject to higher tariffs, the organization will will continue to make the case that outdoor products should not be included on the final list.
SFIA Relieved Sports & Fitness Products Are Not Target of Tariff Increases
SFIA said that while no sports and fitness products coming from China were targeted by the Trump administration for additional tariffs.they remain a potential target for tariffs, should the administration move to punish China even further.
Nike COO To Deliver University Of Montana Commencement Speech
The 2018 Spring Commencement ceremonies at the University of Montana on Saturday, May 12, will be delivered by Eric Sprunk, the chief operating officer for Nike Inc.
VF Corp. Completes Acquisition Of Icebreaker
VF Corp. has completed the company’s previously-announced acquisition of Icebreaker Holdings, Ltd., a privately-held company based in Auckland, New Zealand. The purchase price was about $200 million.
Apparel And Footwear Spared From China Tariff List
The Office of the U.S. Trade Representative released its list of about 1,300 Chinese exports – worth about $50 billion annually – that it intends to target with 25 percent tariffs. The list doesn’t target apparel and footwear products directly, but it does include the machinery and tools used to produce those products.
Under Armour Erodes, Adidas Grows At Hibbett Sports In 2017
According to Hibbett Sports’ 10-K report, sales of Under Armour fell sharply at the retailer in 2017, while sales of Adidas more than doubled.
Adam Sussman Talks Up Nike’s Digital Connections
At a keynote session at Shoptalk in Las Vegas, Adam Sussman, Nike’s chief digital officer, discussed the brand’s digital transformation and how Nike is tailoring its approaches to best connect with three distinct customer segments: the Weekend Runner, Style Shopper and Dedicated Sneakerhead.
