Nike Inc., largely as expected, reported earnings slid 12.1 percent in its first quarter ended Aug. 31 due to lower gross margin, higher SG&A, unfavorable currency translation and an increase in the tax rates. Excluding currency changes, revenues were up
Results for "foot locker"
Under Armour Downplays Department Store Cannibalization Threat
While Under Armour has opened up selling to department stores particularly to expand its women’s lines, the brand doesn’t feel the extension will impede on the gains being seen in its core sporting goods retail partners…
Skechers Signs Nickelodeon as Presenting Sponsor for Pier to Pier Friendship Walk
Skechers USA, Inc. announced that Nickelodeon will serve as presenting sponsor for the Skechers Pier to Pier Friendship Walk. The annual event, held this year on October 28, raises funds for The Friendship Circle to support children with special needs…
Vans Unveils Bold Five-Year Plan, Eyes Athletic Channel Opportunity
At an investor meeting last week, Vans’ management and its parent, VF Corp., outlined an aggressive plan to add $1 billion in sales over the next five years. But the big surprise was the introduction of an athletic-inspired line, LXVI, designed to h
Vans Targets $1 Billion Growth, Reveals New LXVI Product Line
Vans at an investors meeting provided details on its strategy to add $1 billion in revenues over the next five years. Growth in the Americas, representing about 70 percent of total revenues in 2011, will account for nearly half of the anticipated growth,
Finish Line Confident Mobile Investments will Pay Off
While shares of Finish Line Inc. were hit hard in late March after the company indicated that heavy investments in its technology and stores as part of its 'omni-channel” strategy would crimp in the current fiscal year, management is not only optimis
K-Swiss Lowers Guidance on Weak Worldwide Futures
K-Swiss lowered its quarter loss on lower costs and a jump in international revenue. But the company also saw weak domestic revenues and eroding future order rates while cutting its guidance for the year…
Nike Turns To Twitter for Future Limited Edition Shoe Launches
In an effort to reduce the frenzy generated by the release of its latest shoes, Nike has discontinued midnight launch events and asked consumers to reserve products via Twitter. Prior to release, Twitter accounts for specific Nike stores will notify follo
Adidas Debuts ClimaCool Seduction Running Shoe Commercial
Adidas unveiled its new ClimaCool Seduction running shoe with a campaign featuring Katy Perry, David Beckham, Derrick Rose and Lionel Messi…
Skechers Foundation Donates More Than $480,000 to Children with Special Needs
The Skechers Foundation, an organization that was founded to provide families around the world with the necessities and skills to succeed in life, celebrated its most impactful Skechers Pier to Pier Friendship Walk by donating $209,000 to the Friendship C
K-Swiss’ Outlook Disappoints
While posting a steeper loss in its fourth quarter, K-Swiss Inc. indicated that slowing backlog orders would cause its revenues to decline in the current year…
DSW Lifts Q4 Guidance
DSW Inc. raised its EPS guidance on the strength of strong November and December revenues. Its annual earnings were slightly raised to a range of $2.96 to $2.99 for fiscal 2011 from a range of $2.90 to $2.95 previously. The family shoe chain also plans to
Injinji Hires SVP of Operations/GM and VP of Sales and Marketing
Injinji, innovator of the patented Performance Toesock, continues to expand its fast-growing brand with the appointment of two new key executives, announcing Russell Nadel as senior vice president of operations and general manager, and George Schott as vi
Skechers Pier to Pier Friendship Walk Raises $520,000
The Skechers Foundation today announced that more than $520,000 was raised for children with special needs and education through its Skechers Pier to Pier Friendship Walk. The 2011 donations were significantly higher than last year's Pier to Pier Wal
Under Armour Unveils New Basketball Ad Campaign
Under Armour unveiled its new “Are You From Here?” campaign for its new Micro G basketball collection. Under Armour NBA players Brandon Jennings, Derrick Williams, Greivis Vasquez and Kemba Walker were on hand at a media event at Openhouse Gallery in New