Columbia Sportswear Appoints Director Of Investor Relations
Columbia Sportswear Company announced that Andrew Burns has joined the company as director of investor relations and competitive intelligence.
Under Armour Extends Partnership With Towson University
Towson University in Maryland and Under Armour Inc. announced a continued partnership agreement.
Big 5 Faces Disgruntled Shareholders Again
A group of investors reportedly sent a letter to Big Five Sporting Goods’ board of directors on May 7 asserting the sporting good chain’s shares are “undervalued and represent an attractive investment opportunity,” according to a press release from the law firm Johnson Fistel.
Sport Chek Opens Kids-Only Concept
Sport Chek has opened the company’s first location focused exclusively on kids, according to retail-insider.com.
Shiekh Shoes To Shrink Significantly As Part of Bankruptcy Exit Plan
As part of the company’s plan to exit bankruptcy proceedings, Shiekh Shoes expects to be operating only 44 stores at the close of 2019, down from 125 when the company first filed for bankruptcy in November. The plan also features minimal payback for trade creditors, expect for Nike.
Caleres Earnings Increase But Miss Analysts’ Estimates
Caleres, whose portfolio includes a range of footwear brands and the Famous Footwear retail stores, reported net income in the first quarter ended May 5 of $17.2 million and diluted earnings per share of $0.40.
Tilly’s Shares Surge On Q1 Earnings Beat
Shares of Tilly’s Inc. rose $1.55, or 12.7 percent, to 13.76 Thursday after the action-sports themed retailer reported first-quarter earnings that exceeded internal guidance on improving store traffic and indicated the technical issues that had been derailing e-commerce operations are abating.
Sears To Close 72 More Stores
Sears Holdings said the company will be closing more than 70 additional stores in 2018 as its sales continue to erode.
Asics And Disney Team Up To Get Families Moving
Asics announced a global partnership with The Walt Disney Company on a cross-media campaign tied to upcoming movie release, Disney·Pixar Incredibles 2. The goal of the campaign is “to get families moving this summer.”
Adidas, Skechers Settle Trademark Lawsuit
Adidas and Skechers have reached settlement over a lawsuit that charged Skechers infringed on Adidas’ three-stripe logo and Stan Smith shoe designs, according to Law360.
Father’s Day Spending To Reach Near-Record $15.3 Billion
A total of 77 percent of Americans will celebrate Father’s Day and spend an average of $133 per person, according to a study released by the National Retail Federation and Prosper Insights & Analytics.
Adidas Replaces Nike As Nevada Sponsor
The University of Nevada and Adidas announced a multi-year partnership in which Adidas will be the official athletic footwear, apparel and accessory brand of the Wolf Pack. Nevada has been with Nike.
Firearms Fallout Fizzles As Dick’s Sporting Goods Surges In Q1
Dick’s Sporting Goods’ recent policy refusing to sell firearms resulted in plenty of PR fallout but it hasn’t affected the retail giant’s bottom line. The Pittsburgh, PA-based company easily beat Wall Street’s estimates for the first quarter ended May 5 through strength in other categories, including an especially solid performance in private label sales, which led to higher margins.
Russian Football Union Extends Partnership Agreement With Adidas
The Russian Football Union (RFU) IS extending the group’s cooperation agreement with Adidas until 2022.
DSW Sees Athleisure Boost In Q1
Continued strength in athleisure and kids, ramped-up marketing investments and a focus on inventory-depth helped DSW Inc. deliver first-quarter earnings that topped Wall Street’s consensus target by 2 cents.
