Macy’s Q1 Earnings Sink Amid Weak Comps
Macy’s Inc. reported first quarter 2017 earnings of 23 cents per diluted share, or 24 cents per diluted share excluding premiums and fees associated with debt repurchases. This compares with 37 cents per diluted share, or 40 cents per diluted share excluding non-cash settlement charges related to the company’s retirement plans, in the first quarter of 2016.
Kohl’s Q1 Comps Slide 2.7 Percent
Kohl’s Corp. reported sales in the first quarter fell 3.2 percent to $3.84 billion. Same-store sales were down 2.7 percent on top of a 3.9 percent decline a year ago.
Vans Unveils 2017 Custom Culture Competition Finalists
This year, the program set a new record of 3,000 participating schools in the competition.
SIX:02 Kicks Off ‘It’s Your Time’ Campaign With Actress Bella Thorne
The “Thank You” digital content features Thorne thanking her haters who have motivated her in both her personal life and professional career.
Adidas Sells TaylorMade At A Bargain
Adidas AG officially announced that it will sell its golf division for $425 million, a steep discount from the $1.4 billion it paid to acquire the brand from the French equipment maker Salomon in 1997.
Dick’s Sporting Goods Shakes Up Leadership Team
Among other changes, André Hawaux, COO, is retiring while Lauren Hobart, formerly head of marketing, becomes president.
Keri Jones, formerly at Target, will join the company as EVP and chief merchant.
Skechers Performance Returns As Sponsor Of Ironman European Tour
Skechers Performance, a division of Skechers USA Inc., is returning as the Official Running Shoe sponsor of the 2017 Ironman European Tour.
Adidas Promotes Gil Steyaert To Global Operations Chief
Adidas stated that its supervisory board had promoted Western Europe head Gil Steyaert to global operations chief and elevated Karen Parkin, human resources head since 2014, to the executive board.
Smartwool Names Scott Bowers As VP Of Sales
Bowers will oversee all global wholesale, retail and e-commerce sales efforts for the brand.
NSGA Sporting Goods Market Report Shows Retail Sales Increase In 2016
According to the report, consumer retail sales of sporting goods equipment, athletic footwear and athletic apparel increased 2 percent in 2016.
Adidas Sells TaylorMade To KPS Capital Partners
KPS Capital Partners LP will acquire the TaylorMade Golf Company – including the TaylorMade, Adams and Ashworth brands – from Adidas AG for a total consideration of $425 million.
Smartwool Hires New European Sales Team
The company’s new European sales team will be led by Smartwool EMEA Brand & Sales Director Genevieve Peterson.
Crocs Exceeds Guidance For Q1 Revenues
“We turned in solid first-quarter results by delivering improved product, launching a new and engaging marketing campaign, and realizing early benefits from the operational improvements that we’ve been focused on, said CEO Gregg Ribatt during a conference call.
Iconix Brands Struggles To Revive Growth
Iconix Brand Group reported a double-digit decline in licensing revenues, pulled down by steep drops at Starter, Danskin and Ocean Pacific.
Asics America Partners With PHIT America
The partnership will support new physical activity programs throughout U.S. schools by leveraging the PHIT America GO! Grants program.
