Payless ShoeSource Emerges From Bankruptcy
Payless ShoeSource announced that it has successfully emerged from its Chapter 11 restructuring with substantial liquidity after eliminating in excess of $435 million in funded debt.
Vista Outdoor’s Q1 Stung By Weakness In Shooting
Vista Outdoor’s revenues slumped 9.8 percent in the first quarter to $568.7 million as a slight gain in its Outdoor Products was offset by a steep decline in its Shooting Sports segment.
FGL Sports’ Q2 Comps Rise
Canadian Tire reported same-store sales at FGL Sports, which includes Sport Chek, rose 2.6 percent in the second quarter.
Foot Locker Launches Campaign Featuring DeMarcus Cousins And Ndamukong Suh
The spot, titled “Make an Impression,” highlights two athletes who have not always made the best impressions in their respective sports.
Inov-8 Adds Brendan Murray As Sales And Marketing Manager
In his new role, Murray will lead Inov-8’s U.S. sales and marketing teams
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.
