Adidas announced the start of the third tranche of its current multi-year share buyback program initially announced in March 2018 and intends to repurchase own shares worth up to €1.0 billion in 2020. In total, under the current program, Adidas plans to buy back own shares...
PVH Corp. announced Thursday that it has entered into a definitive agreement to sell its Speedo North America business to Pentland Group, parent company of Speedo International Limited, for $170 million in cash, subject to a working capital adjustment. Speedo International licenses the Speedo trademark to...
JD Sports Fashion Plc announced an update on performance following the Christmas trading period. JD Sport said: “Against a backdrop of widely reported retail challenges in the Group’s core UK market, it is encouraging to report positive like-for-like trends in the Group’s global Sports Fashion fascias,...
Nike and the Chinese Athletics Association (CAA) signed a long-term partnership extension through to 2033. Nike first partnered with China’s athletics governing body in 2013 in a deal set to run from 2014 to 2021. The new agreement will last from 2022 to 2033, covering all...
Crocs Inc. raised its revenue guidance for the fourth quarter ended December 31, 2019 in anticipation of its presentation at the 2020 ICR Conference. “We delivered the strongest fourth quarter in Crocs’ history,” said Andrew Rees, president and chief executive officer. “Our positive brand momentum allowed...
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased 2 percent for the quarter-to-date period ended January 9, 2020. Same-store sales decreased 1 percent and sales for the company’s e-commerce businesses increased 21 percent on a comparable basis for that period....
According to Mastercard SpendingPulse holiday retail sales increased 3.4 percent. Online sales grew 18.8 percent compared with growth of 1.2 percent for in-store sales. Digital’s 14.6 percent share of total sales was a new high, according to Mastercard. The overall results topped projections from Mastercard SpendingPulse calling...
P3R, which operates many of Pittsburgh’s running races, and Brooks Running announced another three-year partnership. Brooks will continue as the Official Apparel and Footwear Provider for all of P3R’s races including, but not limited to, the Dick’s Sporting Goods Pittsburgh Marathon weekend of events, Fleet...
Under Armour hired a chief accounting officer accounting and corporate controller on November 25, three weeks after publicly confirming that its accounting practices are being investigated by the federal government, according to a report in the Baltimore Business Journal. Under Armour confirmed the hiring of Aditya...
Reef Lifestyle, LLC announced it has entered into several new distribution agreements with leading footwear distributor partners across Europe, the Middle East and Africa (EMEA). The agreements include the following: Brandfusion Holland, BV (the Netherlands, Belgium and Luxembourg) Quality Brands GmbH (Germany, Austria, Switzerland, and France) ...