Adidas Group raised its guidance for 2016 for the second time in three months on a leap in first-quarter earnings. Adidas said it now expects currency-adjusted sales in 2016 to grow at a rate of about 15 percent and net profit at between 15 percent...
Steve Madden reported first-quarter sales increased 1.7 percent to $329.4 million compared to $323.9 million in the same period of 2015. Gross margin expanded 90 basis points to 35.3 percent as compared to 34.4 percent in the same period last year. Operating expenses as a...
Vans launched online voting for the seventh annual Vans Custom Culture competition, a national contest designed to give high school students a platform to embrace creative expression while joining a movement to support arts education and foster their school's #RightToArt....
The Adidas Group plans to remove plastic shopping bags from its own retail stores globally. The switch to paper bags will be implemented immediately, with Russia and Kazakhstan following in June 2016. Additionally, over the last year, the Adidas Group has worked closely with its...
Skechers USA Inc. reported earnings jumped 74.1 percent in the first quarter to $97.6 million, or 63 cents a share, exceeding Wall Street's consensus estimate of 53 cents a share. First quarter 2016 net sales were $978.8 million compared to $768.0 million in the first...
Puma’s sales rose 3. 1 percent in the first quarter, to €855.9 million from €825 million and advanced 8.1 percent on a currency-neutral basis, according to the quarterly report by its parent, Kering Inc. In its statement, Kering said Puma saw growth across all categories....
Nike, Inc. (NYSE:NKE) issued forward-looking statements regarding new management and organizational changes to drive continued growth, where Michael Spillane, VP and GM of Footwear, will become President of Product and Merchandising succeeding Jeanne Jackson. Jackson will move to a new role working directly with Parker...
“We are excited that today a bipartisan group led by House Ways & Means Chairman Brady and Ranking Member Levin introduced legislation that would establish a new Miscellaneous Tariff Bill (MTB) process in order to provide much-needed tax relief for American footwear companies and consumers,”...
Zappos announced its commitment to the largest carbon offsetting program in the company’s history. Zappos’ corporate travel program will mitigate more than 6.8 million miles of company air travel in 2016 and beyond through a carbon offset purchase program....
Under Armour Inc. reported revenues in the first quarter increased 30 percent in the first quarter of 2016 to $1.05 billion compared with net revenues of $805 million in the prior year's period. Wall Street's average expectation was $1.04 billion....