Adidas said it expects first-quarter sales to fall more than 10 percent as revenues in Greater China tumble between €0.8 billion and €1.0 billion below the prior-year level due to the coronavirus outbreak. The guidance assumes a decline of about €100 million in Japan and South...
Genesco Inc., the parent of Journeys, reported comp sales in the fourth quarter rose 1 percent. GAAP earnings from continuing operations per diluted share of $2.49 for the three months ended February 1, 2020, compared to earnings from continuing operations per diluted share of $1.53 in...
Puma said it no longer expects its business will return to normal soon, despite encouraging signs coming out of China, adding it was abandoning the 2020 guidance it gave on February 19 that had assumed the crisis would be short-lived....
On Sunday, Eric Artz, REI’s president and CEO, shown above, wrote a blog entry addressed to co-op members detailing numerous steps the retail is taking in response to the coronavirus outbreak. His full statement follows: “The health and safety of our co-op community is our highest priority....
Sports Engineering Inc. (SEI) announced that former Super Bowl-winning quarterback Joe Theismann has joined SEI to help advance SEI’s SmartSpring technology. SEI is continuing its efforts to make footwear and sports equipment safer for athletes and active people of all ages. Among other activities, Theismann will...
Fleet Feet announced the debut of Fleet Feet Drop Shop, a new retail concept shopping experience in Portland, OR. The concept combines Fleet Feet’s 3D foot scanning technology and personalized outfitting experience with two-day home delivery. Located on 3080 Southeast Division Street, Fleet Feet Drop Shop...
Dick’s Sporting Goods reported fourth-quarter earnings topped Wall Street’s expectations as same-store sales rose 5.3 percent. The retailer also announced it was removing the hunt category from another 440 stores....
A survey of nearly 170 firms by the American Chamber of Commerce in China, or AmCham China, found nearly one-third of U.S. firms with exposure to China are facing increased costs and significantly reduced revenue due to the coronavirus outbreak. Nearly half of U.S. companies in...
Groundwork Endurance has announced its partnership with Skechers for the 35th annual Carlsbad 5000 presented by National University. The global footwear company will serve as official footwear partner as well as title sponsor of the Skechers Performance Elite Invitational, the event’s iconic professional races, set to...
Nike has temporarily closed its London headquarters in Soho as cases of coronavirus spreads in the U.K. Another Nike office at Doxford Park near Sunderland was also temporarily closed. According to the London Evening Standard, the Soho offices were closed on Tuesday but are expected to...