Skechers USA Inc. reported net earnings rose 25.5 percent in the fourth quarter on a 23.1 percent revenue gain. Sales topped guidance and earnings arrived at the high end of guidance. Fourth Quarter Highlights Record quarterly sales of $1.33 billion, an increase of 23.1 percent. Skechers...
VF Corp. said that at this time, about 60 percent of VF’s owned and partner stores in China have been temporarily closed due to coronavirus mitigation efforts. Stores currently open have experienced significant declines in retail traffic. VF said it is working in accordance with local...
Reebok and Array, the media and arts collective Founded by filmmaker Ava DuVernay, hosted a day-long event on February 8 in Los Angeles celebrating women in film. Throughout the day hundreds of people came to Array’s Creative Campus for free screenings of a quartet of...
Asics Corp. has been named to the Supplier Engagement Leaderboard by global environmental impact non-profit CDP in recognition of its efforts to engage with its suppliers on climate change. The company has been recognized for its actions and strategies to reduce emissions and manage climate risks...
VF Corp. will move its Global Innovation Center in Alameda, CA to Denver, according to the Denver Business Journal. The company confirmed that it signed leases to occupy an entire office building in the River North Art District and an additional 58,000 square feet of industrial...
Dick’s Sporting Goods announced its 2020 Women’s Initiative highlighted by The Dick’s Foundation’s $5 million grant to U.S. Soccer Foundation’s ‘United for Girls’ Initiative. The donation was announced at Dick’s Sporting Goods Foundations ‘Here for Her’ Summit held Tuesday in New York City. The three-year, $5 million...
Adidas said it was closing a “considerable” number of its stores in China due to concerns over the coronavirus outbreak, according to a report from Reuters. “We can confirm that we are currently experiencing a negative impact on our business in China. However, it is too...
Foot Locker Inc. announced the North America rollout of FLX, its new membership program unifying all Foot Locker, Inc. brands under one platform. Members of FLX are rewarded for shopping and engaging across the six Foot Locker, Inc. brands in the U.S., including Foot Locker, Kids...
Nike Inc. announced it is transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, enabling a more profitable, capital-efficient and value-accretive business model. Nike said the move demonstrates Nike’s ongoing approach to optimize country operating models across its global portfolio,...
Emerald Expositions Events Inc., the parent of Surf Expo, Outdoor Retailer and other trade shows, unveiled the launch of its new brand identity, vision and corporate website, emeraldx.com. As part of its brand evolution, the company intends to formally change its corporate name to Emerald...