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  Dec 20, 2014
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Today's Top Story:

Nike's Q2 Sales Jump 15 Percent

Nike, Inc. reported earnings rose 22.7 percent in the second quarter ended Nov. 30, to $655 million, or 74 cents a share, exceeding Wall Street's consensus estimate of 70 cents. Revenues grew 14.8 percent to $7.38 billion. Nike Brand revenues were up 17 percent on a currency-neutral basis, with growth in every product type, geography and key category, except golf... Click for Full Story >>>

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The Finish Line, Inc. lowered its guidance for the year as margin pressure led it to miss third-quarter earnings forecasts. Excluding non-recurring items, the company showed a loss of 2 cents a share in the quarter ended Nov. 29, far short of Wall Street's consensus estimate of 11 cents. Finish Line comparable store sales increased 4.5 percent... (12/19/2014)

 

POC, Volvo and Ericsson will present technology at International CES in Las Vegas Jan. 6-9 that offers proximity alerts to Volvo car drivers and cyclists to prevent collisions responsible for 50,000 cyclist fatalities and injuries in the United States every year...(12/19/2014)

 

According to the National Retail Federation (NRF) techniques and processes put in place to thwart criminal activity around retailers’ return policies continue to be put to the test, and with steadily improving retail sales, even more is on the line when it comes to losses from return fraud... (12/19/2014)

 

Amazon.com, Inc. launched Prime Now in select areas of Manhattan in New York City Thursday. The service offers Amazon Prime members free two-hour delivery on tens of thousands of daily essentials through a mobile app. One-hour delivery is available for $7.99. Amazon is expected to roll out Prime Now to other U.S. cities through a growing network of fulfillment centers...(12/19/2014)

 

Sportsman Apparel announces the appointment of Outdoor Marketing Group (OMG) as its new, regional sales agency of record covering the Southeast States effective immediately...(12/19/2014)

 

Asics America has opened the doors on its newest retail store in the heart of Times Square. Located on 42nd Street between 6th and 7th Avenue, the Times Square location, with more than 4,000 square feet, is the second Asics storefront in New York City as well as the largest in the United States. One of the most intriguing elements of the store is the newly renovated "Subway car 8394," a retired MTA Subway car...(12/19/2014)

 

Stonewear has hired Treehouse Communications in a bid to advance re-branding efforts and heighten product awareness as it launches a new logo and FW15 product collection targeting its core audience of adventurous, independent women...(12/19/2014)

 

Cabela's, Nike and Under Armour were among 10 online retailers that earned spots on the Kurt Salmon Santa’s Good List for Holiday Shipping for speedily delivering multi-unit Cyber Monday orders...(12/18/2014)

 

Oboz Footwear hired Derek Gustafson to lead its product development team in Bozeman, MT in early December. The change marks a homecoming for Gustafson, a Bozeman native who spent the last eight years working with Black Diamond Equipment in Salt Lake City, UT...(12/18/2014)

 

Sanuk Founder Jeff Kelly is winding down his active involvement with the footwear brand and will be moving on to other projects in 2015, according to Deckers Brands, which acquired Sanuk in 2011. Under president Jake Brandman, Sanuk will continue extending its product line and tapping Deckers resources to develop and executive a more robust omnichannel strategy and evolve into a global lifestyle brand...(12/18/2014)

 

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