SGB Footwear

VF’s Q4 Powered By Vans, North Face Misses Plan

VF Corp. reported sales at Vans vaulted 35 percent in the fourth quarter, led by a 38 percent climb in the Americas. North Face missed plan in part due to aggressive efforts to clear Amazon of unauthorized dealers and reduced off-price sales overall but is still expected to see high-single digit growth for 2018.

Puma’s Women’s Focus Paying Off

Following the report of its third strong annual campaign in a row, Bjørn Gulden, CEO, Puma SE, detailed the many ways the brand’s focus on female training, its celebrity brand ambassadors, and its ability to amplify its voice through social media is helping drive the company’s turnaround.

WSL Will Not Hold Billabong Pipe Masters In 2019

The World Surf League announced that it will not hold the Billabong Pipe Masters Surf Meet on Oahu in 2019. WSL has been seeking to change the dates on its requested dates of two of its tournaments — the Billabong, which historically has run in December, and the Volcom Pipe Pro, which is held in January.

VF Reports Better-Than-Expected Fourth Quarter

VF Corp. reported better-than-expected results in the fourth quarter as revenue increased 12 percent, or 10 percent currency neutral, driven by broad-based strength across VF’s international and direct-to-consumer platforms, Outdoor & Action Sports coalition and Workwear businesses. On a currency-neutral basis, Vans’ global sales soared 35 percent, The North Face added 6 percent and Timberland increased 8 percent

FGL Sports Q4 Boosted By Chilly Winter

FGL Sports marked a return to mid-single digit comp growth in the fourth quarter with the boost of chilly Winter. Canadian Tire Corp, its parent, also indicated it acquired Sher-Wood Athletics as part of an overall effort by the company to increase its number of owned brands and appointed TJ Flood as president, FGL Sports.