Rocky Brands Sees Some Stabilization In Q3
The boot manufacturer indicated that inventory levels, which had been inflated due to last year’s warm winter, began to normalize in the third quarter and at-once orders are finally picking up.
And1 To Expand To China
Sequential Brands Group Inc. entered into a long-term agreement with Guirenniao Co. Ltd. (GRN) to bring the And1 basketball brand to China.
Cabela’s Q3 Earnings Slump
Cabela’s Inc., in its first report since announcing plans to merge with Bass Pro, said heightened markdowns caused adjusted earnings in the third quarter ended October 1 to slid 26.8 percent, falling well short of Wall Street targets.
New Balance Partners With Pensole Footwear Design Academy
New Balance will provide scholarships for the aspiring designers selected to attend The Pensole Master Class In Footwear Design.
Mary Cabela Offers Support For Cabela’s Sale To Bass Pro
In the letter made public in a regulatory filing, the widow of Cabela’s founder Dick Cabela said her family “continues to trust the people at Cabela’s to do what is best for the company and everyone involved.”
Nike Releases ‘Here You Are’ LeBron Commercial
Nike said of the commercial, “Last year, the impossible happened. A deficit so hopeless, only the extraordinary could conquer it.”
Adidas Confirms Signing Of Kristaps Porzingis
Nike had until mid-October to match the terms of the deal.
Rocky Brands’ Q3 Profit Hurt By Charges
The third quarter of 2016 included a one-time pre-tax charge of $1.2 million, or 10 cents per diluted share after tax, associated with previously announced reorganizational activities that included layoffs.
Puma’s Q3 Revenues Jump
Footwear grew 17 percent and apparel 10 percent with strong performances in Europe and North America.
Nordstrom CFO To Retire In Spring 2017
Mike Koppel joined Nordstrom in 1999 and has been the company’s chief financial officer since 2001.
Under Armour’s Weak Forecast Spooks Market
While the sporting goods giant logged a robust third quarter, officials warned that the company’s core apparel growth is slowing.
NIKEiD, SagerStrong Foundation Auction 100 Limited AF1
Some proceeds will benefit families going through their own battle with leukemia.
USA Climbing Beefs Up Marketing Ahead Of 2020 Olympics
With sport climbing’s inclusion in the 2020 Tokyo Games, USA Climbing has retained the services of Gilco Sports and Entertainment Marketing LLC to ramp up marketing and help grow the sport.
Under Armour’s Q3 Profits Climb 28 Percent
Under Armour Inc. reported net earnings in the third quarter rose 27.6 percent on a 22.2 percent revenue gain. Gains were again led by footwear and international.
Why The North Face And Timberland Are Trimming Inventories
Despite last year’s warm U.S. winter looming large as VF Corp. trimmed its full-year 2016 forecast and reduced inventories, larger forces are also in play, including the recent rash of retail bankruptcies and shifting consumer habits.
