The Three Stripes, citing the discontinuation of supply chain shortages and easier year-over-year comparisons, is poised for sales growth in Q4 that will help the company meet its FY19 outlook of 5 to 8 percent revenue expansion (likely coming in at 6.5 percent) and a gross margin slightly above 52 percent. (Read More)
With President and COO Patrik Frisk set to assume Kevin Plank’s CEO role in January, Frisk says Under Armour’s expectations for its footwear business are unchanged despite a 12 percent drop in Q3 revenues to $251 million. (Read More)
“Sustainability is one of the most prolific and important differentiators in our industry, and that’s why we are pushing it so aggressively.”
Reports last week that already imposed tariffs on Chinese imports into the U.S. will be rolled back in any interim trade accord between the two nations were denied by Trump Administration officials on Friday. Peter Navarro, director of the White House National Trade Council and director of the Office of Trade and manufacturing Policy, believes the U.S. needs to keep current tariffs... (Read More)
A number of current brand trends have Wolverine Worldwide CEO Blake Krueger excited about the prospects for its Saucony business through Q4 and into 2020—Q3 sales growth in the mid-teens exceeded expectations, a new pipeline of performance and lifestyle products, the brand’s ecommerce sales growth and improving at-once sales trends for the brand that is currently lean on inventory. (Read More)
The Adidas-owned Reebok brand is returning exclusively to its 30-year old Vector logo and “drop-R” wordmark on its products in 2020 — with the exception of the Delta logo used on UFC and CrossFit items. (Read More)
“We feel really good about how we think about the future of this brand, all the work and the foundation that that we’ve done…And as we turn the corner now into the Perform With Balance chapter…we feel we have the product, the marketing and the team to be able to really drive the business more going forward.”
New Balance’s Fresh Foam Hierro Boa is the first dual dial trail running shoe. The Boa Fit System activates a tri-panel canopy for stability and a more consistent connection to the midsole. Available in men’s and women’s versions. MSRP: $160. (Read More)
Carhartt launches Carhartt Company Gear, a collection of nine styles for the direct-to-corporate market. United Airlines will outfit all Below the Wing crew members with in the collection starting Dec. 1. (Read More)
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