19 May On’s First Quarter Profits Surge With 78 Percent Revenue Gain
On Holding AG’s profits tripled in the first quarter on strong margin improvement and 78 percent sales growth. The Swiss running brand’s results easily topped...
Author: Jolie Gracia
19 May Retail Sales Inch Up In April, Driven By Inflation; Sporting Goods Stores See Decline
Retail sales, which are adjusted for seasonality but not for inflation, rose 0.4 percent in April from March, the Department of Commerce reported on Tuesday,...
19 May Lululemon’s Global Creative Director Passes Away
Phil Dickinson, Lululemon’s SVP and global creative director and previously a 15-year Nike veteran, has passed away. The cause of his death was not disclosed. Dickinson...
19 May Coresight Research: Nike Tops Apparel/Footwear Sellers On Amazon
Nike bounced back substantially to regain its position as the most popular apparel and footwear brand selling on Amazon, overtaking the e-tailer’s private label range...
15 May Allbirds’s Co-Founder Tim Brown Transitions To Non-Executive Role
Allbirds said in a regulatory filing that Tim Brown had transitioned from co-chief executive officer to co-founder and chief innovation officer, a non-executive role. The change in...
11 May Under Armour’s New CEO Delivers Playbook To Revive Growth
In her first address to the investment community, Stephanie Linnartz, Under Armour’s new CEO, declared, “Growth is without a question our highest priority.” She cited footwear, women, sport style and full-price stores...
11 May Nordstrom Names Chief Financial Officer
Nordstrom, Inc. hired Cathy R. Smith as chief financial officer, effective May 29. Smith joins Nordstrom from Bright Health Group where she has worked as chief financial...
11 May JD Sports Fashion Appoints New Group CFO
JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, has appointed Dominic Platt as chief financial officer and as a member...
11 May Nike Adds Board Member
Nike Inc. appointed Maria Henry, formerly at Kimberly-Clark Corporation, to its Board of Directors. Henry was chief financial officer of Kimberly-Clark Corporation from April 2015 through...
04 May Shoe City Auction To Be Held May 15
Baltimore-based ESCO, Ltd., doing business as Shoe City, received bankruptcy court approval to auction off store leases and intellectual property with a May 12 deadline...