Dorel Expands Cannondale Brand Team
Dorel Sports appointed Nick Larsen as creative director of Cannondale Global and Dennis Kim, marketing director of Cannondale Global.
Puma Signs R.J. Barrett
Puma signed former Duke Basketball star and current New York Knick, R.J. Barrett, to an endorsement deal. Barrett was the third pick in the 2019 NBA Draft and is being touted as a possible breakout star.
American Outdoor Brands Posts Loss On Double-Digit Sales Dip
American Outdoor Brands Corp., parent of Smith & Wesson, on Thursday reported an earnings per share loss of 4 cents for the fiscal first quarter ended July 31, missing Wall Street’s estimates by 3 cents. Revenue declined 10.9 percent to $123.7 million for the quarter.
Golf Rounds Played Dip In July
According to Golf Datatech, golf rounds played in the U.S. dipped slightly in July, down 0.1 percent compared to the same month last year. July’s rounds played were held back by a mid-single-digit decline in the New England region. Year to date, golf rounds played are down 0.7 percent.
Vasque Strengthens Its Marketing Team, Including New Director
Vasque footwear on Thursday announced major growth within its marketing department and the addition of two new positions to the team—community management specialist and marketing coordinator.
Gap Inc. To Retain Name
Gap Inc. on Thursday announced that, following the completion of the planned spin-off of Old Navy, the new public company, currently referred to as NewCo, will retain the Gap Inc. name.
Designer Brands Tops Q2 Earnings Estimates On Comp Sales Dip
Footwear retailer and manufacturer Designer Brands Inc. (formerly DSW Inc.) on Thursday reported earnings per share for the second quarter ended August 3 of 37 cents per diluted share, including net charges of 11 per diluted share from adjusted items. Adjusted EPS of 48 cents beat estimates by 1 cent.
Over 200 Footwear Companies Push President Trump To Cancel New Taxes On Shoes
Over 200 American footwear companies came together and sent a compelling letter to President Trump on Wednesday asking that he cancel his proposed higher taxes on American shoe customers set to take effect on Sunday. The letter was signed by both small and independent shoe stores and larger footwear brands and retailers.
Rack Room Appoints VP Global Supply Chain North America
Rack Room Shoes has promoted Peter Hohensee to vice president global supply chain North America and has hired retail industry veteran, Donna Mull as CRM director of omni channel to lead the brand’s loyalty program.
PVH Lowers Outlook
PVH Corp. reported second-quarter revenue increased 1 percent (increased 3 percent on a constant currency basis) compared to the prior-year period and exceeded guidance. The company lowered its full year 2019 EPS outlook to reflect a more conservative view in part due to trade war tensions.
Shoe Carnival Earnings Grow Slightly Amid Back-To-School Momentum
Shoe Carnival Inc. on Wednesday reported comparable store sales for the second quarter increased 1.4 percent while earnings per diluted share increased 5.3 percent to 80 cents, beating Wall Street’s estimates by 2 cents.
Tilly’s Q2 Comps Inch Up 0.6 Percent
Tilly’s Inc. reported earnings were down slightly but handily topped guidance after sales recovered in June and July after a sluggish May.
National Wheelchair Basketball Association Appoints Molten Official Basketball Supplier
The National Wheelchair Basketball Association (NWBA) of the USA and sports manufacturer Molten announced a new partnership.
Sportsman’s Warehouse Raises Full-Year Comp Sales Guidance
Sportsman’s Warehouse Holdings Inc. on Wednesday raised its full-year comparable sales growth range to flat to 2 percent, up from -1 percent to 1 percent, after reporting a strong quarter that saw the company beat revenue and earnings estimates.
True Hockey Partners With USA Hockey
USA Hockey announced a multi-year partnership with True Hockey, a leading manufacturer of hockey equipment.
