06 Mar Adidas Extends Deal With Union Berlin Until 2030
Union Berlin extended its kit deal with Adidas prematurely with the new deal expiring in 2030. The original date expired in 2025. Union president Dirk Zingler said,...
FDRA
01 Mar Is The Supply Chain Crisis Over?
SGB Executive reached out to industry executives to get their perspectives on the supply chain’s ongoing recovery efforts. Responses surveyed from Case And Zippo, Cascade Designs,...
01 Mar Puma Posts Record Results, Provides Subdued Outlook For 2023
Puma reported record sales and earnings before interest and taxes in 2022 but warned that profits would likely fall as high-interest rates and inflation weigh...
27 Feb Report: Foot Locker In Discussions On India Entry
Indian multi-brand footwear company, Metro Brands, is talking with Foot Locker to bring the U.S. brand into India. According to ET Now, Foot Locker is reportedly in...
23 Feb Report: Pou Chen To Cut 6,000 Jobs In Vietnam
Taiwan’s Pou Chen Corp., which makes footwear for Nike, Adidas and other athletic footwear companies, plans to cut around 6,000 jobs at its Ho Chi...
23 Feb Foot Locker Names Interim CFO
Foot Locker, in a regulatory filing, stated that Robert Higginbotham had been appointed interim chief financial officer, effective March 1, in addition to his current...
23 Feb JD Sports Completes Divesture Of Tessuti Brands
JD Sports Fashion Plc, parent of JD Sports, Finish Line, DTLR, and Shoe Palace, completed the divestment of the businesses which trade as Tessuti (inc...
16 Feb Famous Footwear Parent Sees Fiscal 2022 Sales Up 7 Percent
Caleres reported that after a stronger-than-expected holiday performance and continued demand for its brands, the company provided preliminary, unaudited fiscal 2022 consolidated sales and earnings...
16 Feb Crocs Q4 Revenues Surge 61 Percent; Beats Analyst Targets
Crocs, Inc. reported earnings rose 23 percent in the fourth quarter ended December 31. Sales surged 61 percent with a boost from the acquisition of...
13 Feb Report: U.S. Retail Sales Up 8.8 Percent In January
According to Mastercard SpendingPulse, U.S. retail sales, excluding automobiles, were up 8.8 percent year-over-year in January. E-commerce sales were up 8.4 percent year-over-year, while in-store...
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