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.
DSW To Provide $110,000 In Grants To Support Families
DSW Inc. announced the company will be giving back to the community once again through its Shoe Lovers Care Leave Your Mark program.
Zappos.com To Sponsor Pet Adoption Fees In 36 U.S. Cities
Zappos.com is teaming up with North Shore Animal League America for a new animal advocacy and pet adoption initiative.
Puma Teams Up With Lumo Bodytech
Puma partnered with the motion science company to introduce a new Puma product powered by Lumo’s artificial intelligence coaching platform.
Asics U.S. Sales Drop 11.5 Percent In First Half
Asics America Group (AAG) reported that sales in the U.S. fell 11.5 percent in the first half year over year. The decline was largely attributed “to market forces and additional retail partner store closings.”
West Marine Sees Fatter Margins Offset Lower Q2 Sales
West Marine Inc., which on June 29 agreed to be acquired by a private equity firm, reported basically flat earnings before charges in the second quarter as fewer markdowns offset a small sales decline.
New Children’s Activewear Brand Super Heroic Raises $7 Million
Super Heroic, a new children’s sneaker brand launched by former Jordan Brand design director Jason Mayden, has raised $7 million in funding.
Asics America Group’s First Half Sales Decline 6 Percent
Asics America Group (AAG) said net sales decreased 5.9 percent year over year for AAG in the first half. Asics America saw a decrease in net sales of 11.5 percent year over year. The decline was “largely due to market forces and additional retail partner store closings.”
Asics Profits Dip In First Half
Asics reported net profit decreased 1.4 percent in the first half despite a profit turnaround in the Americas region. Sales fell 3.3 percent due to declines in Japan, Europe and the Americas.
Nike Extends Partnership With British Athletics
British Athletics confirmed an extension to its partnership with Nike as official team wear provider until 2030.
Nike Launches Sneakrs In Europe
Nike launched its Sneakrs app in Europe. The app is available in 19 countries and across 14 languages.
