Oscar Feldenkreis, CEO, said, “While $12 million in revenues were held back in the fourth quarter as certain retail partners lowered shipments in a challenging retail environment, the strength of our sell through rates enabled us to recapture the majority of these sales shipments at the start of fiscal 2017.”
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The North Face Appoints General Manager, Americas
During his six-plus years at The North Face EMEA, Arens built a successful track record leading The North Face EMEA business where he oversaw sales, marketing, merchandising, product development and direct-to-consumer.
Paramount Apparel International Acquires Back 9
The manufacturer and distributor of headwear, apparel and accessories acquired Back 9 USA LLC, a golf lifestyle brand established in 1997.
Jeff Phillips Out At Fleet Feet Sports
Jeff Phillips has stepped down as president and CEO of Fleet Feet Sports. In a statement, Joey Pointer, CFO of Fleet Feet Sports, said he will be partnering with the Fleet Feet Sports board of directors “to lead the company through this change.”
Hurley Collaborates With Surfing Champ Carissa Moore
The surf apparel and accessories brand also adapted key insights from Nike’s Innovation Team.
Fanatics Expands Relationship With International Champions Cup
Building off of last year’s partnership, Fanatics will operate in-venue retail for all 12 matches taking place across the U.S., as well as powering the online tournament shop, icc.teamfanshop.com.
Adidas Sets Ambitious North America Growth Goals
During its new CEO Kasper Rorsted’s first analyst day, Adidas AG set a goal to expand sales in North America by 47 percent by 2020.
Moody’s: U.S. Apparel And Footwear Companies Remain Challenged
“Without Nike, which accounts for almost half of Moody’s-rated US apparel and footwear industry operating profit, growth would be flat this year,” said Moody’s Assistant Vice President, Mike Zuccaro.
Hibbett’s Q4 Dragged Down By Legacy Sports Categories
Said Jared Briskin, SVP and chief merchant, ”The continued declines of some of our legacy businesses such as performance apparel and footwear, licensed products and equipment continue to reinforce our direction, focusing on sports-inspired fashion products for our stores.”
Adidas Ramps Up Growth Goals
In his second quarterly conference call since taking over as CEO of Adidas AG, Kasper Rorsted strongly bumped up the company’s long-term growth outlook while announcing several new initiatives to support its five-year ‘Creating the New’ business plan.
Columbia Names Mountain Hardwear Brand President
Joe Vernachio most recently served as global vice president of product and operations at The North Face.
Black Diamond Adds To Executive And Equipment Team
The company appointed Trent Bush as Black Diamond Equipment vice president of apparel design and Radhika Ray to the newly created position of vice president of strategy and investor relations for Black Diamond Inc.
Oregon Governor Lobbies To Host Outdoor Retailer
Nike Inc., the North American headquarters of Adidas and Columbia Sportswear are part of the Oregon outdoor industry, as well as numerous smaller outdoor companies.
Foot Locker Thriving Despite Mall Woes
Driven by a healthy appetite for running lifestyle product and its positioning as the headquarters for sneakerheads, Foot Locker Inc. reported fourth-quarter earnings that handily exceeded Wall Street targets. Foot Locker will wind up becoming one of the few mall operators to report that traffic grew over the holiday season.
Aisle Talk, Week Of February 20
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