11 Aug ASICS Sales Drop
Asics America noted that net sales decreased 11.8 percent for the second quarter of 2016 for Asics America Group (AAG), with Asics America Corporation (U.S. only) showing a 15.4 percent decrease in net sales....
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09 Aug Keen hires former NIKE exec to lead outdoor division
“We are thrilled to have John join this world-class executive team, as he brings a unique passion for business and the outdoors. John is the absolute best fit for leading our largest business into the future,” said Keen President Steve Meineke....
04 Aug Nike Acquires Virgin Mega
Nike Inc. said it acquired Virgin Mega, a 12-person startup that is part of Richard Branson’s Virgin Group. The company revealed the acquisition while announcing that it will open a new digital studio based in New York City, focused on pioneering engaging consumer experiences across...
04 Aug Urban Outfitters Erases Activewear Brand, Launches Adidas Line
In October of 2015, Urban Outfitters’ year-old fitness & outdoors brand disappeared overnight. A post on Buzzfeed highlighted that both the website and Instagram for the brand, Without Walls, had been removed entirely, almost as though the company was trying to forget a bad memory....
04 Aug Wolverine Worldwide Appoints New Heritage Group President
Wolverine Worldwide appointed Mike Jeppesen. president of Wolverine Worldwide’s Global Operations Group, to an expanded role as president of the Wolverine Heritage Group, which includes the Wolverine, Bates, Harley-Davidson and Hytest brands. ...
04 Aug Fleet Feet Sports Releases Runmoji
Fleet Feet Sports will soon release Runmoji, the first emoji application designed specifically for runners, by runners, with a specific focus on accurately representing both male and female runners, along with their passions and their challenges. ...
04 Aug Kids Foot Locker Launches Back-to-School Spot
Kids Foot Locker kicked off its back-to-school campaign with a new commercial titled “Swap,” starring 2016 NBA Champion Kyrie Irving. In the spot, Irving meets one of his biggest fans outside of an arena, decked out in fresh Nike gear from Kids Foot Locker. ...
04 Aug Nearsourcing Hits Black Diamond’s Margins Again
Black Diamond Inc.’s (NYSE:BDE) decision to repatriate manufacturing of carabiners, cams and other climbing hardgoods from China to Salt Lake City is costing it dearly....
04 Aug Crocs’ Shares Crash on Reduced Outlook
Shares of Crocs Inc. (Nasdaq:CROX) plummeted more than 23 percent to $8.44 on Aug. 3, after the cushy shoe maker missed top and bottom line expectations for the second quarter and lowered its guidance for the year. ...
04 Aug Adidas Group’s Q2 Led by Western Europe and North America
Adidas Group’s strong second-quarter results were led by a 25 percent gain on a currency-neutral basis by the Adidas brand. Top-line growth accelerated in Western Europe, up 29 percent, and in North America, up 26 percent. ...
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