SGB Footwear

J.C. Penney’s Shares Tumble On Q1 Loss

J.C. Penney’s stock plunged nearly 14 percent on Friday at $4.55 per share after the department store operator reported weak comparable sales and a massive net loss in the first quarter.

VF Corp. Appoints Arne Arens As The North Face Global Brand President

Said Scott Baxter, vice president, VF and group president, Outdoor & Action Sports Americas, “I am confident that Arne’s passion for and deep understanding of the outdoor marketplace, coupled with his management expertise and operational agility, make him ideally suited to unlock new opportunities and accelerate growth for The North Face around the world.”

Acushnet Sees Golf Market Improving

Said Wally Uihlein, Acushnet president and CEO, “So far in 2017, the global golf industry is in a good place. While the first few months of industry sell-in are always affected by items like weather patterns and retail trends, the outlook continues to be promising as the golf season gets underway around the world.”