Adidas hiked its 2018 profit guidance, citing a strong earnings performance in the third quarter, but trimmed revenue target due to weaker-than-expected growth in Western Europe. MAJOR DEVELOPMENTS IN Q3 2018: ▪ Revenues grow 8 percent currency-neutral and 3 percent in euro terms ▪ Gross margin increases 1.4pp...
Columbia Sportswear Co. on Thursday afternoon reported that net income for the third quarter ended September 30 increased 14 percent to $100.2 million, or $1.42 per diluted share, compared to third quarter 2017 net income of $87.7 million, or $1.25 per diluted share. ...
Revenues expanded 4.0 percent led by a 28.4 percent gain for Hoka One One. Ugg’s sales dipped 1.0 percent....
The Rockport Group announced that the company has completed the acquisition of the Reef brand from VF Corporation. ...
The new campaign builds upon its first iteration to explore the dynamic relationship between a sound mind and a sound body, the founding principal of the Asics brand....
The Foot Locker Foundation joined together members of the athletic industry for the foundation’s 18th annual “On Our Feet” fundraising gala. ...
Brooks Running is considering shifting the company’s manufacturing operations from China to Vietnam to avoid trade war tariffs, Brooks’ CEO Jim Weber said in an interview with CNBC’s “Squawk Box.”...
Nurse joins the business from Selfridges, where she has been finance director for the past four years. Prior to Selfridges, Nurse held senior finance roles at the Arcadia Group including finance director roles for the Wallis, Evans, Topshop and Topman businesses....
VF Corp. on Thursday announced that the company’s chairman, president and CEO Steve Rendle has been recognized by Corporate Responsibility (CR) Magazine as a Responsible CEO of the Year. The annual awards are given to corporate leaders who are committed to a progressive environmental, social...
As creative director, Raeburn will work closely withTimberland’s global product, marketing and innovation team to create a collection of Timberland footwear, apparel and accessories. The first full collection under Raeburn’s vision across men’s and women’s will be Fall/Winter 2020....