Surfing to be Included in Tokyo 2020 Olympic Games
The International Olympic Committee (IOC) formally included surfing as a gold medal sport in the Sports Programme for the Tokyo 2020 Summer Olympic Games.
Wolverine World Wide Appoints New Heritage Group President
Wolverine World Wide appointed Mike Jeppesen. president of the company’s Global Operations Group, to an expanded role as president of the Wolverine Heritage Group, which includes the Wolverine, Bates, Harley-Davidson and HyTest brands.
Academy Sports Appoints Chief Merchandising Officer
Academy, Ltd., doing business as Academy Sports + Outdoors, named Michelle J. Gloeckler executive vice president, chief merchandising officer and president of Academy International Limited, its global sourcing entity.
Urban Outfitters Erases Activewear Brand, Launches Adidas Line
Almost a year after Urban Outfitters pulled its fitness & outdoors brand, the lifestyle company turns to Adidas for an activewear boost.
Brooks Running Company Appoints New Leadership
Brooks Running Company promoted Patrick Pons de Vier to senior vice president of Global Footwear and hired Gerald Kuhtz as senior design director of Global Footwear.
Crocs Q2 Sales Slide 6 Percent
Crocs Inc. reported sales slumped 6.3 percent in the second quarter to $323.8 million compared to the three months ended June 30, 2015.
Nike Acquires Virgin Mega
Nike Inc. said it acquired Virgin Mega, a 12-person startup that is part of Richard Branson’s Virgin Group.
Hanesbrands’ Q2 Impacted by Activewear and Innerwear Weakness
Although earnings just missed Wall Street’s quarterly profit targets, officials assured investors that its guidance for the full year remained in line with plans.
Big 5 Fights Off Liquidation Pressures in Q2
Big 5 Sporting Goods reported earnings fell 19.2 percent in the second quarter due to the impact of liquidation sales by Sports Authority and Sport Chalet but they still came in ahead of internal expectations.
HanesBrands Q2 Revenues Slip
HanesBrands, the parent of Champion, reported that consistent with the company’s expectations, net sales in the second quarter decreased 3 percent to $1.47 billion.
Big 5’s Q2 Earnings Drop
Big 5 Sporting Goods Corp. reported earnings slid 19.2 percent in the second quarter as same-store sales declined 1.7 percent.
Bogs Sales Plummet in Second Quarter
Weyco Group Inc. (Nasdaq:WEYS) reported that net sales of its once high-flying Bogs footwear brand plummeted 47 percent in the second quarter and it expects the brand’s sales to be down 25 percent this year.
Cocona Partners with Point6 on Sock Line
Point6 and Cocona announced an exclusive partnership for wool socks utilizing Cocona’s 37.5 technology.
Academy Sports Donates 5,000 Backpacks to Boys & Girls Clubs of Greater Houston
Academy Sports + Outdoors donated 5,000 total backpacks stuffed with essential school supplies to all 13 Boys & Girls Clubs across the Greater Houston area.
Steve Madden Sales Inch Up 0.6 Percent in Q2
Steve Madden reported sales for the second quarter increased 0.6 percent to $325.4 million compared to $323.6 million
