“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.”
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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.
SGB Q&A: Casey Sheahan, CEO, Simms Fishing Products
The former CEO of Patagonia and president of Keen talks about his passion for the sport of fishing, a wide array of growth opportunities he plans to pursue at Simms, and his commitment to conservation and driving more people to the sport of fishing.
Cowen Downgrades Finish Line On “Skyrocketing” Promotions
Cowen & Co. lowered its rating on The Finish Line to “underperform” from “market perform” due to signs of “skyrocketing” promotions at the retailer. The investment firm also found that Finish Line was continuing to undercut prices of Nike and Adidas online, posing a risk it may see less access to those key brands in the future.
Jordan Brand To Sponsor French Basketball Federation
Jordan Brand has signed on as the official uniform supplier of the French Basketball Federation. The brand will outfit the organization’s men’s and women‘s senior, 3×3 and youth teams.
Perry Ellis To License Guy Harvey For Fishing Collection
Perry Ellis International Inc. and Guy Harvey Enterprises announced the signing of an exclusive global licensing agreement for Guy Harvey apparel, which features the colorful, ocean-inspired artwork of world-renowned artist, conservationist, scientist and entrepreneur Dr. Guy Harvey.
Perry Ellis CFO Leaves Company
Perry Ellis International announced that David Rattner will be leaving the company, effective immediately, to pursue other opportunities.
Adidas Q3 Boosted By North America And China
The Adidas brand, which grew 13.6 percent on a currency-neutral basis in the quarter, was led by growth of 31 percent in North America, 28 percent in Greater China and 39 percent across global e-commerce.
Aisle Talk, Week Of November 6
Top headlines from the active lifestyle industry you may have missed this week.
Finish Line To Unveil Updated Store Design At Los Angeles Flagship Store
The updated retail space features a fresh design concept that highlights key product offerings from brand partners and new digital display integrations.
Lululemon Athletica’s Creative Director Resigns
Lululemon Athletica Inc. said that Lee Holman, executive vice president and creative director, has resigned for personal reasons. Holman will remain with the company until December 31, 2017.
Black Diamond Sees Climbing Sales Vault 17 Percent In Q3
The climbing gain was driven by newly-launched Momentum rock shoe as well as ropes, climbing accessories, helmets and harnesses. Apparel grew 10 percent, aided by improved fulfillment rates. Ski increased 9 percent,
Sneaker Freaker 2017 Swap Meet
Over the weekend more than 5000 local heads converged at the Globe warehouse for the bi-annual Sneaker Freaker swap meet.
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