Cherokee Global Brands Posts Q4 Loss On Hi-Tec Charges
Hi-Tec revenues totaled $7.8 million in the fourth quarter of fiscal 2017 and included $6.6 million in indirect product sales related to distribution and government contracts, as well as $1.2 million in licensing revenues stemming from new and existing licensing deals for the Hi-Tec portfolio of brands.
Macy’s Q1 Earnings Sink Amid Weak Comps
Macy’s Inc. reported first quarter 2017 earnings of 23 cents per diluted share, or 24 cents per diluted share excluding premiums and fees associated with debt repurchases. This compares with 37 cents per diluted share, or 40 cents per diluted share excluding non-cash settlement charges related to the company’s retirement plans, in the first quarter of 2016.
Kohl’s Q1 Comps Slide 2.7 Percent
Kohl’s Corp. reported sales in the first quarter fell 3.2 percent to $3.84 billion. Same-store sales were down 2.7 percent on top of a 3.9 percent decline a year ago.
Vans Unveils 2017 Custom Culture Competition Finalists
This year, the program set a new record of 3,000 participating schools in the competition.
SIX:02 Kicks Off ‘It’s Your Time’ Campaign With Actress Bella Thorne
The “Thank You” digital content features Thorne thanking her haters who have motivated her in both her personal life and professional career.
Paddlesports Retailer Partners With Darby Communications
Effective immediately, Darby Communications will implement a media campaign to elevate awareness of the trade show – tailored for paddlers, by paddlers – in its inaugural year.
Titans Of Mavericks Auction Scheduled For June 1
Lifestyle brand Titans of Mavericks will proceed with an auction of its business-related assets, which will be held on June 1, 2017 in Los Angeles, CA.
Dick’s Sporting Goods Shakes Up Leadership Team
Among other changes, André Hawaux, COO, is retiring while Lauren Hobart, formerly head of marketing, becomes president.
Keri Jones, formerly at Target, will join the company as EVP and chief merchant.
Red Paddle Co. Kicks Off 2017 Summer Demo Tour
The inflatable stand up paddleboard brand is taking its boards on a 42-stop road trip that begins on May 12, 2017 in Seattle.
G-Form Adds To Athlete Roster
Kevin Peraza and Colton Walker join a star-studded BMX roster that includes 2016 Rio Gold Medalists Connor Fields and 10 time X-Games medalist Kevin Robinson.
Canada Goose Adds Director
John Davison is currently the chief financial officer and executive vice president of Four Seasons Holdings.
Skechers Performance Returns As Sponsor Of Ironman European Tour
Skechers Performance, a division of Skechers USA Inc., is returning as the Official Running Shoe sponsor of the 2017 Ironman European Tour.
Canada Goose Opens Two International Flagship Stores
Continuing its global expansion, Canada Goose Holdings Inc. will open two flagship stores this fall, in London and Chicago. At the same time, the company announced the expansion of its e-commerce channel to seven European markets.
Vista Outdoor’s Q2 Earnings Tumble
Vista Outdoor Inc. reported a steep decline in profits in the second quarter ended March 31 due to an “unprecedented decline” in demand for firearms and ammunition and a number of restructuring initiatives. Revenues were down 5 percent.
Adidas Promotes Gil Steyaert To Global Operations Chief
Adidas stated that its supervisory board had promoted Western Europe head Gil Steyaert to global operations chief and elevated Karen Parkin, human resources head since 2014, to the executive board.
