Wal-Mart Paid $9 Million For Shoes.com
Walmart acquired Shoes.com for $9 million, according to documents posted on the web site of Alvarez & Marsal Canada. The purchase price included domain name and intellectual priority. As reported when the deal was announced on April 3, Merchandise wasn’t included. As reported, Shoes.com will be merged into ShoeBuy, which was acquired by Wal-Mart on […]
Adidas CEO Sees “Dramatic Improvement” In U.S. Margins
In his first official visit to China since taking over as Adidas CEO last September, Kasper Rorsted said he expects margins in China to “stabilize and slightly decline” but predicted sharp gains in the U.S.
Salt Lake City Makes Unsolicited Bid For Outdoor Retailer
Despite assurances the show will leave Utah beginning in 2018, Salt Lake City submitted an unsolicited bid to host the convention. At least 20 other cities are also bidding.
Invertex Raises $2 Million In Seed Funding
The round was led by Jerusalem-based equity crowdfunding VC OurCrowd through its OurCrowd First early stage fund. Permoda.
Rocky Brands Q1 Profits Rebound
Rocky Brands Inc. reported a surge in earnings in the first quarter as sales rose 9.6 percent to $57.5 million.
Skechers Q1 Earnings Dip
Skechers USA Inc. reported earnings in the first quarter dipped 3.4 percent despite a 9.6 percent revenue gain. Double-digit increases internationally helped offset flat wholesale sales domestically.
Foot Locker’s Shares Rise Despite Q1 Miss On Improving Sales Trend
Shares climbed $3.93, or 5.4 percent, to $76.58 after the company said sales picked up in March and so far in April.
Adidas Extends Exos Partnership
As part of the expanded agreement, Exos will further its role in supporting Adidas in communicating to and solving for Adidas customers worldwide.
Foot Locker Warns Of Q1 Shortfall
Foot Locker Inc. warned that it expects earnings in the first quarter ending April 29 to be equal to or slightly below last year’s record earnings, or $1.36 to $1.39 per share.
Skullcandy Kicks Off The STAYLOUD Showdown Series
On Thursday, April 6, Skullcandy, the audio brand, kicked off the first tour stop of the STAYLOUD Showdown series – a premier platform for emerging artists to win the opportunity to perform on the Skullcandy stage at this summer’s Vans Warped Tour.
Nike Signs NFL Draft Prospects
The players include Deshaun Watson, quarterback, Clemson; Dalvin Cook, running back, Florida State; Christian McCaffrey, running back, Stanford; and John Ross, wide receiver, Washington.
Search For Merrell Founder’s Wife Being Scaled Back
The search for the wife of Randy Merrell, who helped found the Merrell Boot Co., as well as the co-founder’s grandson, in the Grand Canyon is being scaled back as it enters its sixth day on Thursday.
Outdoor Industry Organizations Plan Utah State Capital March During OR
Outdoor Retailer, Outdoor Industry Association, The Conservation Alliance and Outdoor Alliance are urging Outdoor Retailer attendees to join them as they march to the Utah State Capitol “in celebration of the backbone and foundation of the outdoor industry, our federal public lands.”
Brooks Honors Two Track Coaches Of The Year
Mark Anderson of Cary Grove High School and Gwen Robertson of Issaquah High School were honored as part of its newly expanded Inspiring Coaches program.
