Tennis Industry Gears Up for ‘Innovation Challenge’
The Tennis Industry Association (TIA) is now accepting applications for its Tennis Industry Innovation Challenge to be held at its Fifth Annual TOM (Tennis Owners & Managers) Conference next April.
Cherokee Appoints Chief Brand And Revenue Officer
Cherokee Global Brands appointed Mark Conway to the newly-created role of chief brand and revenue officer. In this role, conway will oversee new business development, strategic brand planning, ecommerce and marketing and will manage development and oversight of Cherokee Global Brands’ licensee partnerships worldwide.
Rocky Brands Q3 Impacted By Holiday Orders Shifting Into Q4
On a conference call with analysts, Jason Brooks, president and CEO, said retailers are “buying closer to need as they move more of their business online and don’t need the additional time to flow product to their stores.”
HanesBrands’ Downgraded Over Champion’s Growth Concerns
Oppenheimer lowered its rating on HanesBrands Inc. due in part to signs of slowing growth and competitive pressures at Champion.
National Park Service Proposes Steep Fee Hikes At Popular Parks
Visitor fees to America’s most popular national parks, including Yosemite, Grand Canyon and Yellowstone, could more than double to $70 during five peak months under a proposal unveiled Tuesday.
Shimano’s Profits Slump In Nine Months
Shimano reported earnings slumped 46.3 percent in the first nine months of the year due to a weak cycling market.
Puma Talks Rihanna Brand Benefits, Promotional Fears
On a media call following the report of above-plan third-quarter results, Bjørn Gulden, Puma’s CEO, detailed how Rihanna was boosting the brand’s women’s business while also indicating a promotional climate in both the U.S. and Europe may crimp fourth-quoter sales gains.
Volcom’s Sales Disappoint
Kering reported revenues in its Sport & Lifestyle segment grew 15.9 percent on a currency-neutral basis as a 17.3 percent jump at Puma offset a decline at Volcom.
Sole Donates $518,000 Through Footbed Collection
Sole has donated over $518,000 to Protect Our Winters, Big City Mountaineers and Karno Kids to date through its Performance collection of footbeds.
Rocky Brands’ Q3 Profits Vault On Meatier Margins
Rocky Brands Inc. reported sales dipped 11.6 percent in the third quarter due to factory disruptions from Hurricanes Maria and Irma as well as “modest shortfalls” for all its brands, but earnings improved significantly on higher margins.
Brooks Announces 2017 Inspiring Coaches Of The Year
Brooks Running Company recognized cross country coaches Neville Anderson of Athens Academy in Georgia and Denise Benson of Lexington High School in Ohio as 2017 Inspiring Coaches of the Year.
Camping World Plans Secondary Offering
Camping World Holdings Inc. announced a proposed secondary offering of 6.7 million shares of its Class A common stock by certain selling stockholders of Camping World, which includes 6 million shares offered by certain affiliates of Crestview Advisors LLC and 700,000 shares by CWGS Holding LLC, a wholly owned subsidiary of ML Acquisition Company LLC.
Puma Lifts Outlook For Third Time This Year
Puma reported sales on a currency-neutral basis rose 17.4 percent in the third quarter, led by a 22.7 percent gain the EMEA region and a 15.6 percent jump in the Americas region.
Activist Investor Sues Deckers Over Board Election
“The Deckers board is employing a scorched-earth defense of its position by delaying its annual meeting and refusing without basis to designate Marcato’s nominees as continuing directors before the vote,” Marcato said in a statement.
Vans, DTC Power VF Corp.’s Brawny Q3
On a currency-neutral basis, Vans jumped 26 in the third quarter as the Americas grew 22 percent, Europe increased 39 percent and Asia Pacific advanced 23 percent. On the same basis, global sales declined 3 percent at North Face and 2 percent at Timberland, in part due to some fall shipments shifting to the fourth quarter.
