Sequential Brands Group, the parent of And1, Avia and Gaiam, reported a loss of $2.2 million in the fourth quarter ended December 31. Adjusted for a change in accounting methods, sales were up 6.4 percent....
Urban Outfitters Inc. reported income on an adjusted basis rose 20.2 percent to $90.2 million, or 83 cents a share, from $75.0 million, or 69 cents, a year ago. Wall Street’s consensus estimate was 78 cents....
Southern Wesleyan University, based in Central, SC, announced a new, multi-year partnership agreement with Adidas. Adidas will become the official outfitter of the Warriors beginning with the 2019-20 academic year....
Clarks has hired Giorgio Presca to take on the role of chief executive. Presca will be responsible for all operational, financial and commercial aspects of the business and will lead the Clarks strategy with the executive committee....
Launches March 1 … Loved By Brooks Ambassador Athlete and First Woman To Win The Boston Marathon, Des Linden The Glycerin 17 has been in the Top Five at Speciality Retail for the past Three Consecutive Years and on BrooksRunning.com last year. The Glycerin was up 22-percent year-over-year...
Crocs Inc. reported a steep loss in the fourth quarter due to a charge related to its buy back of some of the preferred shares held by Blackstone Group LP. The loss before charges came in better than Wall Street’s consensus target as sales grew...
Rack Room Shoes announced Melanie Ortlieb has succeeded industry veteran Dan Crawford as director of merchandising. Crawford is retiring after two decades of service with Rack Room Shoes, and this hire ensures a seamless transition for the brand’s merchandising activities. In her new position, Ortlieb will collaborate...
Gap Inc. announced plans to create two independent publicly traded companies: Old Navy and a yet-to-be-named company which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. Gap Inc. expects to effect the separation through a spin-off that is intended to...
“Gene made countless contributions to Asics America as he navigated the brand through an incredibly turbulent time for our industry and implemented numerous changes that set the region on course for success,” Alistair Cameron, Asics Corp. executive officer and senior general manager of the geography...
The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives....