Iconix Brand Shows Steep Loss On Write-Offs
Iconix Brand Group reported a loss of $297.5 million, or $5.30 a share, in the fourth quarter after absorbing a pre-tax impairment charge of $443 million related to certain of the company’s trademarks and goodwill.
Dillard’s Q4 Impacted By Weak Mall Traffic
Dillard’s Inc. reported fourth-quarter earnings declined 32 percent on a 6 percent drop in comparable-store sales.
OluKai Hires Groundswell Public Relations
OluKai, the Hawaiian-inspired lifestyle brand featuring shoes, sandals and boots, has partnered with Groundswell PR. Groundswell PR will lead OluKai’s day-t.o-day media relations
Taryn Rose To Relaunch At FN Platform
The relaunch is part of a long-term global footwear partnership between Authentic Brands Group (ABG), an owner of a portfolio of sports, celebrity, and fashion brands including Taryn Rose, and Global Brands Group, one of the world’s leading branded apparel, footwear, and fashion accessories companies.
Wolverine Q4 Reaches High End Of Guidance
While Merrell showed a decline of 7 percent and the Wolverine brand was down due to a repositioning, most of Wolverine Worldwide’s key brands showed moderate to strong growth.
Wolverine Reports Q4 Loss
Wolverine World Wide Inc. reported a loss of $1.9 million, or 2 cent a share, in the fourth quarter, against earnings of $11.6 million, or 12 cents, a year ago. Adjusted earnings on a currency-neutral basis were slightly above year-ago levels and Wall Street’s target.
Macy’s Sees Comps Declining In 2017
Macy’s Inc. reported earnings declined in the fourth quarter and year while projecting same-store sales in 2017 would decline between 2.2 percent and 3.3 percent.
Who Will Land Outdoor Retailer?
Montana and Oregon joined Colorado in expressing their interest in the lucrative contract.
Dick’s Opens Stores In Iowa, New York And Georgia
Grand opening celebrations for new stores in Davenport, IA, Queens, NY and Hinesville, GA will occur March 10 through March 12.
Analyst Q&A: VF Corp. Q416
In the Q&A portion of VF Corp.’s fourth-quarter conference call on Friday, analysts questioned management about the distribution challenges facing The North Face in the U.S., whether the profitability in its Outdoor & Action Sports Coalition was sustainable, and open-to-buy rates by retailers.
Cherokee Global Brands Appoints Two Board Members
Carol Baiocchi was formerly senior vice president, footwear for Kohl’s while Carol Baiocchi was most recently CEO of Portero Luxury and is a former president of Champion Athletic.
Boa Technology Launches New Brand Identity
The updated branding will debut across a newly launched consumer-focused website, and will be featured in consumer and trade advertising beginning next month.
Skechers Signs Rob Lowe
The film and television actor, who previously worked with Skechers 15 years ago, will support a new Skechers men’s footwear marketing campaign set to launch in Spring 2017.
Sportsman’s Warehouse To Hold Grand Opening in Moses Lake, WA
The store will be the ninth Sportsman’s Warehouse location in the state of Washington and 77th overall.
L.L. Bean To Sponsor PBA Bowling Tournament
L.L. Bean reached an agreement to become the title sponsor of this year’s PBA League Elias Cup Portland, ME.
