SGB Footwear

Foot Locker’s Dick Johnson Stands Up For Brick & Mortar

Speaking at FDRA 2018 Executive Summit held in Washington, D.C., Dick Johnson, chairman, president and CEO of Foot Locker Inc., said, “Some people think that it’s negative baggage that we have over 3,000 stores around the world. We don’t see it that way. We think it’s very much a positive.”

Aisle Talk Week Of May 7

Top headlines from the active lifestyle industry you may have missed this week, including Herschel Walker (pictured) being appointed to President Trump’s Council on Sports, Fitness and Nutrition.

Skechers Sues Adidas Over College Basketball Scandal

Skechers filed a lawsuit against Adidas over the allegations at the heart of the FBI’s investigation into college basketball. Skechers charges it was at an unfair disadvantage due to the alleged schemes whereby Adidas paid amateur players for their endorsements.

Buckle’s Comps Slide In April

The Buckle Inc. reported comparable store net sales, for stores open at least one year, for the four-week period ended May 5, 2018 decreased 3.4 percent from comparable store net sales for the four-week period ended May 6, 2017.

Mizuno Americas Sales Lag, Profitability Recovers

Mizuno Corp.’s sales slid 14.2 percent in the Americas region in its fiscal year ended March 31. But the decline was partly due to efforts to clean up inventories and reduce lower-margin sales that bolstered underlying profitability. Some sales recovery was predicted for the Americas region in the years ahead.

Canadian Tire Sees Earnings Dip In Q1 But Sales Improve

Canadian Tire Corporation, Limited  reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.

Canadian Tire Agrees To Acquire Helly Hansen

Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).

Wolverine’s ‘Consumer Obsession’ Kicks Into High Gear

Wolverine Worldwide Inc.’s first-quarter performance not only beat analysts’ expectations on both revenue and income, but it prompted the company to raise full-year earnings guidance as the next phase of an ambitious, multimillion-dollar global growth agenda kicks in.

Adidas Partners With Grambling State

Grambling State University Athletics and Adidas announced a multi-year partnership. Adidas will become the official athletic footwear, apparel and accessory brand of the Tigers through the 2022-2023 season.