SureWerx, a manufacturer of safety, tool and equipment products, announced that it has acquired Footwear Specialties International (FSI), a maker of safety footwear based in Portland, OR. Terms of the acquisition were not disclosed.
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Inside The Call: Nike Navigates Supply-Chain Bottlenecks To Deliver Q3 Earnings Beat
Nike, Inc. reported third-quarter earnings that handily topped Wall Street expectations as strong momentum continued in every region outside of China, and gross margins were boosted by higher full-priced sales and healthy growth in its DTC business. Nike officials said China’s sales are improving sequentially, supply chain pressure is easing and its moves to consolidate its wholesale base are largely complete.
Garmont Introduces Dragontail SE Low-Cut Approach Trail Shoe
For Spring 2022, Garmont introduces the Dragontail SE (special-edition) low-cut approach shoe with an updated fit. An expansion of its Dragontail line offering low- and mid-cut approach shoes and hiking boots, the Dragontail SE is designed for consumers looking for a technical but versatile shoe for outdoor-specific use. It is also for consumers who prefer a wrapped […]
Nike’s Q3 Tops Wall Street’s Targets On Digital Momentum
Nike, Inc. reported earnings topped Wall Street’s targets by 15 cents in the fiscal third quarter ended February 28 with sales also slightly ahead of estimates. Sales grew 8 percent on a currency-neutral basis, led by a 17 percent gain in DTC and a 22 percent gain in digital. Double-digit digital growth in North America, APLA and EMEA offset declines in Greater China.
BSN Sports Partners With Generation ESports
BSN Sports, a division of Varsity Brands, has partnered with Generation Esports as the uniform and apparel partner of its High School Esports League.
Garmont Introduces Limited-Edition Dragontail SE Approach Shoe
Today, Garmont, the premier Italian performance footwear brand, introduces the Dragontail SE, a striking, low-cut approach shoe incorporating Garmont’s updated fit and last for Spring 2022. Hailing from Garmont’s best-selling Dragontail line, the Dragontail SE (Special Edition) is designed for outdoor enthusiasts who look for a technical yet versatile solution. The Dragontail SE ($140) is […]
Foot Locker Hires President, Global Brands
Foot Locker Inc. announced it hired Samantha Lomow as president, Global Brands. Lomow joins the company from Hasbro, Inc., where she was president, Branded Entertainment.
SV Sports Secures New Funding Round
SV Sports, formerly Schuylkill Valley Sports, has completed a new funding round that included participation from Chris Paul, the 12-time NBA All-Star.
L.L.Bean Sees 14 Percent Revenue Gain In 2021
L.L.Bean announced the close to its 2021 fiscal year, with annual net revenue totaling $1.8 billion, with a 14 percent increase over 2020. The performance marked one of the most successful years in its history.
Inside The Call: On Battles Supply Constraints To Deliver Blowout Fourth Quarter
On Holdings circumvented supply chain challenges to deliver fourth-quarter results that easily surpassed Wall Street targets. The Swiss running brand also lifted its outlook for 2022, projecting sales to expand at least 37 percent on top of 2021’s 70.4 percent gain.
VF Corp. Appoints Kevin Bailey As Global Brand President, Vans
VF Corp. announced that Kevin Bailey was promoted to the position of global brand president, Vans. Bailey will continue reporting to VF’s chairman, president and CEO, Steve Rendle and serve on the company’s executive leadership team.
Allbirds Opens Store In New York’s Flatiron District
Allbirds opened a retail store and community center in New York City’s Flatiron District. It is the brand’s third store in New York and 41st globally, with locations across North America, Asia and Europe.
Adidas Terrex x The Renewal Workshop Create Nothing Left Behind Collection
Adidas Terrex and The Renewal Workshop have partnered to create the Nothing Left Behind concept collection. As part of Adidas’ larger ‘keep it in play’ sustainability initiative, the brand explores ways to breathe new life into all of its products so nothing gets left in a landfill. TRW’s Renewal System takes discarded apparel and textiles […]
Adidas Terrex x The Renewal Workshop Create Nothing Left Behind Collection
Adidas Terrex and The Renewal Workshop have partnered to create the Nothing Left Behind concept collection. As part of Adidas’ larger ‘keep it in play’ sustainability initiative, the brand explores ways to breathe new life into all of its products so nothing gets left in a landfill. TRW’s Renewal System takes discarded apparel and textiles […]
On Holding’s Sales Jump 54 Percent In Fourth Quarter
On Holding AG reported net sales increased by 53.7 percent in the fourth quarter ended December 31 and by 70.4 percent in fiscal year 2021. The Swiss running brand predicted sales would expand at least 37 percent compared in 2022 with production capacity recently returning to pre-lockdown commitment levels.
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