At The Running Event in Austin, TX this week, six awards were presented by category to The Best Running Stores In America through a nomination process. Here are this year’s award honorees. Canada Store Of The Year Award | Frontrunner’s, Victoria BC The North Face Never Stop Exploring Award | Runner’s Roost, Denver, CO Asics […]
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Perry Ellis Q3 Reaches Upper End Of Guidance
Perry Ellis International reported that both sales and earnings landed in the upper end of its guidance in the third quarter. Sales were driven by strength across its core brands including Perry Ellis, Original Penguin, Nike swim, Golf, as well as Rafaella.
Report: Puma To Take Over Manchester City Sponsorship
Puma has reached an agreement to replace Nike as the kit sponsor of Manchester City, according to the Daily Mail.
Outdoor Research Names Liz Braund As New Head Of Product
In addition, the Seattle-based apparel and gear manufacturer hired Kylene Wolfe as product manager overseeing sportswear category development.
Study Finds Zoom Vaporfly Boosts Running Economy
A Nike-sponsored study from the University of Colorado found that Nike’s Zoom Vaporfly was more efficient for runners than the Nike Zoom Streak 6 and Adidas’ Adizero Adios Boost 2.
Sparx Hockey Expands Executive Leadership Team
Sparx Hockey, the maker of the Sparx Skate Sharpener, appointed Steve Jones as the company’s vice president of marketing and customer acquisition, and Mike Carpenter as vice president of finance and administration.
Under Armour Footwear Chief To Depart
Peter Ruppe, SVP of footwear at Under Armour, is leaving the company, according to a report in the Wall Street Journal.
Shiekh Shoes Seeks Financing
Shiekh Shoes is seeking financing to avoid a bankruptcy filing, according to a report in Reuters. Owner Shiekh Ellahi blamed the urban chain’s struggles on online competition.
Hibbett Sports Hikes Outlook After Q3 Beat
Hibbett Sports lifted its outlook for the year after reporting that underlying sales trends significantly improved in the third quarter. Comps were down 1.3 percent versus an 11.7 percent tumble in the second quarter with notable improvement in footwear, apparel and team equipment.
Foot Locker’s Shares Skyrocket On Hopeful Forecast
Shares of Foot Locker Inc. vaulted $8.97, or 28.2 percent, to $40.82 on Friday after the sneaker powerhouse reported third-quarter earnings that topped Wall Street’s targets and indicated that results for the full year may exceed guidance. Foot Locker officials also outlined a number of steps it’s taking to revive top-line growth.
Aisle Talk, Week Of November 13
Top headlines from the active lifestyle industry you may have missed this week.
Sport Chek’s Weak Sales Continue, Management Upbeat On Prospects
“There are aspects of the business we are pleased with and others that require attention,” said Stephen Wetmore, CEO and president of Canadian Tire, the owner of FGL Sports, of the business on his company’s third quarter conference call. “However, everything we look at is providing upside potential.”
Jordan Partners With Gatorade On ‘Like Mike’ Collection
The apparel collection is available now at select retailers. The Air Jordan VI and XXXII low release December 16.
Dick’s Sees Margin Pressures Lingering Well Into 2018
Said Ed Stack, CEO, on a conference call with analysts, “With excess inventory still in the supply chain, broadened distribution strategies from some key vendors and a lack of newness and innovation, the fourth quarter and 2018 will continue to be promotional and pressure margins from last-year levels.”
Kohl’s Sees 20 Percent Growth Across Activewear In Q3
“Both apparel and footwear categories in Active were strong and this was driven by large increases in both Nike and Adidas, as well as continued strong performance from Under Armour,” said Kevin Mansell, Kohl’s CEO, on a conference call with analysts.
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