Foot Locker Announces ‘Five Borough Challenge’ Team
Foot Locker Inc. announced the roster of its annual “Foot Locker Five Borough Challenge” team. Comprised of five runners – one from each borough of New York City – who have each overcome significant challenges,
EORA And NESR Merge
The merged organization will maintain two regional offices in Massachusetts and North Carolina while bringing together 660 reps into its combined membership.
Zumiez’s Q2 Tops Guidance On Improved Top-Line Growth
Zumiez Inc. reported a lower-than-expected loss in the second quarter with the help of a rebound in same-store sales.
Cherokee Sees Q2 Loss
Cherokee Global Brands reported revenues declined in the second quarter ended July 29 due to the exit of the Cherokee brand from Target that were only partly offset by revenues from new licensing deals for Hi-Tec.
American Outdoor Brands Sees Steep Q1 Sales Decline
American Outdoor Brands, formerly Smith & Wesson, reported a loss in the first quarter ended July 31 on a 37.7 percent drop in sales.
Columbia Sportswear Announces Management Appointments At Prana And Columbia Sportswear Brands
Columbia Sportswear Co. said Russ Hopcus will be appointed president of the Prana brand. Joe Craig will replace Hopcus as SVP, North America sales for the Columbia brand.
Downlite Sets Executive Succession And New Organizational Structure
After 10 years as chief executive officer of family-owned Downlite, James Lape is retiring and passing his torch to Josh Werthaiser, former Downlite CFO.
Fitbit Partners On Diabetes Product
Fitbit has partnered with DexCom Inc., a leader in continuous glucose monitoring (CGM) for people with diabetes, to develop and market products to help people better manage their diabetes and get a more complete picture of their overall health with easy-to-use mobile tools.
Implus Expands Operations Into Canada
Implus, a provider of footcare, athletic, fitness, and outdoor accessories, announced the opening of Implus Canada, the company’s first sales and distribution center in North America outside of their U.S.-based corporate headquarters in Durham, NC
GoPro Boosts Third-Quarter Guidance
GoPro Inc announced revenue and gross margin for the third quarter of 2017 are both expected to be at the high end of its previously announced respective ranges of between $290-$310 million and 36-38 percent.
Duluth Holdings Sees Q2 Revenues Climb 31 Percent
Duluth Holdings Inc. reported earnings rose 18.4 percent in the second quarter ended July 30 on a 31 percent revenue gain.
Synovus Receives Regulatory Approval To Complete Cabela’s Transaction
Synovus Bank, a wholly-owned subsidiary of Synovus Financial Corp., said it received regulatory approval from the Board of Governors of the Federal Reserve System to acquire certain assets and assume certain liabilities of World’s Foremost Bank (WFB), the credit card operation of Cabela’s Inc.
Gap To Ramp Up Athleta Expansion
Gap Inc. said expects Athleta’s sales to exceed $1 billion in net sales in the next few years as it shifts its growth focus away from its flagship Gap chain and Banana Republic toward Athleta and Old Navy.
NRF Lowers 2017 Forecast Following Government Data Revision
The National Retail Federation adjusted its forecast for retail sales for 2017, saying sales are now expected to increase between 3.2 percent and 3.8 percent rather than the 3.7 to 4.2 percent forecast earlier this year.
Skechers Signs 17-Time National Champion Edward Cheserek
Skechers Performance, a division of Skechers USA, Inc., announced that 17-time NCAA National Champion, Edward Cheserek, will join the roster of Skechers Performance elite athletes.
