Oboz To Be Acquired By Kathmandu
Kathmandu, the outdoor retailer primarily active in New Zealand and Australia. said it had agreed to acquire Oboz Footwear, based in Bozeman, MO, for a base cash consideration of U.S. $60 million and earn-out of up to U.S. $15 million.
Puma to Re-Enter Basketball Category
Puma SE at its Capital Markets Day revealed intentions to re-enter the performance basketball category. The company also it expects currency-adjusted consolidated net sales to grow around 10 percent on average per year until 2022.
Large U.S. Retailers Urge Trump Against China Tariffs
A letter sent to President Trump signed Monday by 49 of the nation’s largest retailers, including Walmart, Target and Costco outlines their concerns about the detrimental impact broadly applied tariffs could have on American families.
American Footwear Industry Pushes Back on Prospects Of More Shoe Taxes
More than 80 leading footwear companies and brands sent a letter to President Trump adamantly opposing the potential for additional shoe taxes under consideration by the Trump Administration.
Fila Reunites With Tennis Legend Bjӧrn Borg As Brand Ambassador
Fila has partnered again with Hall of Famer and former world #1 player Bjӧrn Borg as a brand ambassador.
Gander Outdoors Prepares For Grand Opening In Fayetteville
Gander Outdoors, formerly known as Gander Mountain, is open in Fayetteville, NC.
Champs Sports Opens New Flagship Store In NYC’s Times Square
Champs Sports, a division of Foot Locker Inc., celebrated the opening of its New York flagship location in Times Square.
Nike Says Second Senior Executive Is Leaving Company
Nike on Friday said Jayme Martin, vice president and general manager of global categories for Nike, has been ousted from the company. His departure comes one day after Nike President Trevor Edwards resigned amid complaints about poor workplace conduct.
Citi Trends Promotes Bruce Smith To CEO
Citi Trends Inc. announced that Bruce Smith, acting chief executive officer, has been promoted to serve as the permanent chief executive officer.
Authentic Brands Group To Acquire Nautica
VF Corp. announced that it has entered into a definitive agreement to sell the Nautica brand business to Authentic Brands Group (ABG) LLC.
L.L. Bean Cuts Jobs Bonuses After Reporting Flat Sales In 2017
L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring. The retailer also reported annual revenue reached $1.6 billion in its fiscal year ended Feb. 25, which was nearly flat with year-ago levels.
Hibbett Looks To Build On Q4 Momentum In 2018
Hibbett Sports’ earnings fell, as expected, in the fourth quarter due to the promotional marketplace. But results were better-than-expected coming into the quarter due to an acceleration in its e-commerce business and strength in sportswear and overall footwear offerings.
L.L. Bean Forgoes Bonuses After Challenging Year
With sales coming in slightly down in 2017, L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring.
Golf and Nike Swim Drive Perry Elllis’ Q4 Growth
Perry Ellis International reported sales its Golf segment grew 20 percent in the fourth quarter ended February 3 while Nike Swim saw healthy gains.
Zumiez Misses Q4 Guidance On European Write-Offs
Zumiez Inc. reported fourth-quarter earnings rose 18.2 percent but came in below guidance due to write-offs for its European operations.
