Crocs’ Sales Start To Recover
Crocs again showed sharp improvement in earnings in the second quarter as a result of its ongoing efforts to cut expenses and avoid discount selling. More encouragingly, however, sales of its core merchandise are showing signs of picking up.
Wolverine Worldwide’s Transformation Plan Paying Dividends
Most of Wolverine Worldwide’s brands exceeded revenue expectations for the quarter while also over-delivering on operating profit goals.Among key brands, Merrell’s grew just over mid-single digits, Chaco ahead mid-teens, Saucy up slightly, Wolverine ahead double digits. Sperry was down mid-single digits.
Weyco Group’s Q2 Sales Up Slightly
Weyco Group Inc. reported net sales for the second quarter of 2017 were $57.5 million, up 1 percent as compared to second quarter 2016 net sales of $56.9 million. Bogs’ sales were flat.
Skechers Signs Camila Cabello As Brand Ambassador
Skechers is partnering with recording artist Camila Cabello for a worldwide Skechers marketing campaign for its women’s footwear collection.
Phoenix Footwear Narrows Q2 Loss
Net loss for the second quarter improved to $519,000 compared to a net loss of $539,000 for the second quarter of fiscal 2016.
Summit Sports Acquires SnowSportDeals.com
Summit Sports acquired Kentucky-based Loucon LLC, which operates SnowSportDeals.com.
Iconix Brand Group Lowers Full Year Outlook
Iconix Brand Group reported second-quarter revenue excluding divested brands was down 7 percent, an improvement from the first quarter. But the company reduced its guidance for the year due to the timing of certain new initiatives, the transition of certain licensees, and the deconsolidation of the Southeast Asia joint venture
Own The Gridiron With These Outrageous New Cleats
Top-tier shoe brands drew inspiration from Von Miller, Russell Wilson and Cam Newton for a fresh crop of eye-catching footwear.
Payless CEO W. Paul Jones Resigns
W. Paul Jones, the CEO of Payless ShoeSource, has resigned just as the retailer is set to exit bankruptcy proceedings, according to a report from the Topeka Capital-Journal.
Crocs Q2 Earnings Climb
Crocs Inc. reported earnings rose 65.8 percent excluding non-recurring charges in the second quarter as improved margins and expense management offset a 3.3 percent decline in sales.
Wolverine Worldwide Lifts Guidance On Above-Plan Q2
Wolverine Worldwide raised its guidance for the year after reporting second-quarter results that topped Wall Street’s targets. Benefiting from its transformation initiatives, most brands exceeded revenue expectations for the quarter while also over-delivering on operating profit goals.
The Running Event Returns To Austin
The Running Event (TRE), the running specialty conference and trade show, returns to Austin in late November and will feature a keynote presentation by Walter Robb, former Whole Foods CEO.
Sole Appoints Hawaiian Reps
Sole announced a new partnership with John Akana and his team at ANH International Marketing Group, who will be representing the footbed brand in Hawai.
Fanatics Close To Securing $1 Billion Investment
SoftBank is close to closing on an investment of $1 billion in Fanatics, according to a report in the Wall Street Journal.
TIA Innovation Challenge Finalists To Present In NYC On August 28
The Tennis Industry Association (TIA) selected the finalists in the Tennis Industry Innovation Challenge to be held on August 28 in New York City.
