Nike, Inc.'s earnings increased 5.2% in its third quarter ended Feb. 28, but results came in below expectations due to rising oil, cotton, labor and air-freight costs. With gross margins expected to lag in the near team, management indicated that it
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Bearpaw Appoints National Sales Manager
Bearpaw promoted John Pierce to national sales manager. Pierce will assume the responsibilities and take over control of the footwear company's outside rep force as well as begin building an inside sales team…
Li Ning Beefs Up Investment in the U.S.
Li Ning will invest $10 million in its U.S. business this year and enter a joint-venture with Acquity Group LLC to expand U.S. distribution, Li Ning Chief Executive Zhang Zhiyong told the Wall Street Journal. The Chinese athletic apparel and footwear bran
British Pop Singer to Endorse Puma’s BodyTrain Collection
Puma has signed Kimberley Walsh, best known as one of the singers of the British girl group Girls Aloud, to front a campaign for its new body toning footwear collection called BodyTrain…
Nike’s Q2 Excels, But Warns of Cost Pressures
Led by stellar performances in North America and Greater China, Nike Inc. delivered a Jordanesque performance in their second fiscal quarter ended November 30 as earnings jumped 22% on a 10% revenue gain and an 80-basis point improvement in gross margins.
Retailers Post Solid Q3, But See Rising Inventories
After paring down merchandise inventories to all-time lows in the year-ago period, retailers in the third fiscal quarter of 2010 ramped up their stocks in anticipation of better days ahead. Retail chains saw the back-to-school season come slightly later t
After Parent’s IPO Fila Looks For Comeback in the U.
With the completion of an initial public offering and the launch of a potential breakout item, Fila Body Toning System apparel, at Dick's Sporting Goods, Fila feels it’s back in growth mode in the U.S. Indeed, sales in the U.S. are expected to
Fila Launching New Toning Apparel
With the completion of an initial public offering and the launch of a potential breakout item, Fila Body Toning System apparel, at Dick's Sporting Goods, Fila feels it’s back in growth mode in the U.S. Indeed, sales in the U.S. are expected to
Li-Ning to Enter U.S. Running Shoe Market
Li Ning, the Chinese footwear giant, will debut its first running shoe in the U.S. market this week. Called the Fremont, the lightweight style is named after Portland's Fremont Bridge. The line will be aimed at the run specialty channel. In August, C
Tommy Lasorda and Denise Austin to Appear at Skechers Event
Skechers USA, Inc. announced Tommy Lasorda, special advisor to the chairman of the Los Angeles Dodgers and Hall of Fame Manager, will appear as a guest speaker during the opening ceremony for the 2010 SKECHERS Pier to Pier Friendship Walk, an annual chari
Retailers Looking Stronger After Solid Fiscal Q2
The retail fiscal second quarter saw consolidated results surge across the board against a year-ago period when retailers were forced to promote heavily to flush out overstocked inventories…
Li Ning’s Orders Climb 12%
Li Ning reported orders for the first quarter of fiscal 2011 were up 12% of the same period a year ago, down from the 20% rise reported for the third and fourth quarters of fiscal 2010. For footwear products, the average retail price increased by over 7%,
Nike, Inc. Sees Continued Rebound in Fiscal Q1
Shares of Nike Inc. rose to their highest levels since the company went public in 1980 after its first-quarter profit easily exceeded Wall Street targets and management indicated orders in North America and China were running up well into the double digit
Li-Ning USA and Champs Sports Team Up
Li Ning Company Limited and Champs Sports have announced their partnership in the U.S. launch of the Baron Davis sportswear collection…
Industry Retailers Triple Fiscal Q1 Profits
The retail fiscal first quarter of 2010 saw retailers gain considerable upside in the bottom line as more than a year of belt tightening, expense controls and inventory reductions helped push profits up three-fold versus the year-ago period…
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