Kohl’s Cuts Outlook Despite Upbeat Q2
Kohl’s Corp. lowered its guidance for the full year despite reporting second-quarter earnings that easily topped Wall Street estimates. Kevin Mansell, Kohl’s chairman, chief executive officer and president, said, “Our sales improved over our first quarter results, but were below our expectations. We are encouraged by the performance of juniors and young men’s as we […]
Trek Bicycle Expands NICA Support
Trek Bicycle expanded its support of the National Interscholastic Cycling Association (NICA), pledging more than $1 million in contributions within five years.
Macy’s Q2 Beats Targets
Macy’s Inc.’s earnings in the second quarter declined before non-recurring items fell 16 percent, but easily topped Wall Street’s consensus estimate.
Macy’s to Close 100 Stores
Macy’s, Inc. said it plans to close 100 Macy’s full-line stores out of a current portfolio of 728 Macy’s stores, including 675 full-line locations.
Keen Welcomes Chris Burkard to Ambassador Team
Keen added Chris Burkard, renowned photographer and artist, to its ambassador team.
D1 Opens New Sports Training Facilities
D1 Sports Training & Therapy, the athletic-based training brand founded by athletes for athletes, will open over 10 new facilities this year across the U.S.
Stride Rite Expands Partnership With Soles4Souls
Stride Rite announced its continued commitment to help families in need with the donation of new and used shoes through longtime non-profit partner Soles4Souls.
Under Armour Pushes Boundaries With New Senior Executives
Under Armour continued to bolster its senior executive team with the appointment of Kip Fulks as chief product officer, Colin Browne as president of global sourcing and Andy Donkin as chief marketing officer.
Rawlings Gold Glove Awards First Female Recipient
The Rawlings Gold Glove will be awarded for the first time to a female softball player later this month.
The Running Event Moves to Orlando, Expands Education
The Running Event (TRE), North America’s largest running specialty conference and trade show, will take place in Orlando and feature an expanded educational program.
Sherpa Adds US Sales Reps and Canadian Distributor
Kent, WA-based Sherpa Adventure Gear added new U.S. sales representatives and will now include a Canadian distributor, Sherpa Adventure Gear Canada.
Vista Outdoor’s Q2 Earnings Slide
Vista Outdoor reported earnings slumped 14.1 percent in the second quarter, to 29.1 million, or 48 cents a share. Sales grew 23 percent to $630 million, boosted by the acquisition of Bell, Giro, Jimmy Styks and CamelBak over the past year. On an organic basis, sales were down 4 percent.
Yue Yuen’s July Sales Down Despite Retail Growth
Footwear manufacturer Yue Yuen Industrial Ltd. reported sales slumped 4.4 percent in July despite a surge in sales at its Chinese retail subsidiary.
AAFA Urges Cutting Fed’s Use of Prison Factories
The American Apparel & Footwear Association called on presidential nominees to eliminate prison factories’ preferential access to federal uniform contracts.
Investor to Sell More Fox Factory Shares
Compass Diversified Holdings Inc., which has agreed to acquire 5.11 Tactical, is poised to sell 29 percent of its remaining stake in Fox Factory Holding Corp.
