Amer Sports Updates 2020 Growth Target, Prioritizing Profitable Growth
Amer Sports now targets annual mid-single-digit organic, currency-neutral growth instead of the previous target of €3.5 billion by 2020. The change reflects the challenging wholesale market in the U.S.
Georgetown, Nike Reach Pact On Worker Conditions
As part of the agreement, Nike has established a new protocol with the Worker Rights Consortium (WRC), which provides the WRC with formal access to Nike supplier factories that manufacture WRC-affiliated collegiate products, to investigate working conditions and strengthen coordination regarding any remediation efforts.
Columbia Issues Statement Regarding Legal Dispute With Former Employee
Columbia has settled its civil claims against the former employee. Its claims against the technology vendor where the former employee worked will continue.
Shoe Carnival’s Q2 Profits Dip
Shoe Carnival Inc. reported a slight decline in earnings in the second quarter on flattish comp sales. The off-price chain said it was impacted by later back-to-school dates in certain markets.
Kammok Donates To Hurricane Harvey Relief Efforts
The Austin, TX-based designer of high-performance outdoor gear for camping is contributing to Hurricane Harvey relief efforts through a donation to the American Red Cross Foundation.
Academy Sports Taking Leading Role In Harvey Recovery Efforts
Academy Sports + Outdoors, based in the Houston area, has reopened most of its stores impacted by Hurricane Harvey and has stepped up to play a major role in recovery efforts.
Baffin Footwear & Apparel Hires U.S. Business Manager
Clark Perkins will be leading efforts in the U.S. to promote Baffin’s outdoor and industrial footwear.
Texas Athletes And Teams Unite For Hurricane Relief
Houston Texans defensive end J.J. Watt donated $100,000 and announced that he hoped to raise $500,000 in total, a goal he reached in the first 24 hours of the campaign.
Globe International Sees Flat Profits In Fiscal Year
Globe International Limited reported profits were approximately flat for the twelve months ended June 30, in line with expectations. Operating cash flows were significantly ahead of the same time last year, despite a downturn in revenues.
Billabong’s Strong Second Half Drives Improved Full-Year Results
Led by the Americas region, Billabong International Ltd. reported a modest increase in operating earnings before charges in its fiscal year ended June 30, boosted by a strong second half.
Famous Footwear’s Q2 Comps Climb 2.8 Percent
Caleres, the parent of Famous Footwear, reported adjusted net earnings improved 4.4 percent. Famous Footwear same-store-sales up 2.8 percent while Brand Portfolio sales up 16.8 percent due to the acquisition of Allen Edmonds.
United Sports Brands Launches Partnership With FlipGive.com
Under the partnership, Shock Doctor, McDavid and Cutters will give 10 percent of sales back to team sports and leagues through the online fundraising site.
Eddie Bauer Opens In-Store Shops Inside Hudson Bay
Eddie Bauer is opening in-store shops inside Hudson Bay’s locations in Vancouver and Toronto in Canada.
Balega Welcomes New Northeast Sales Rep
Balega expanded its fast-growing domestic sales team with the hire of Joe Moscariello to serve the New England running community.
Boa Technology Partners With PHIT America
Boa Technology, the specialist leader in performance fit systems, announced its sponsorship of PHIT America, a national charity and campaign to fight the “Inactivity Pandemic” that is affecting the health of Americans and overall health care costs.
