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Footwear Business UPDATE

Footwear Business UPDATE is the only continuously updated source for news for the Athletic and Casual Footwear markets.  This archive area is updated by our editorial team throughout the day as news breaks in the industry.  The Footwear Business UPDATE newsletter is delivered via e-mail in either TEXT or HTML format.

Click any of the archive tabs above for more news by category of interest.

All BASIC subscribers can access posted articles free for seven days from publish date.  Once archived, articles can only be accessed with a PREMIUM or EXECUTIVE subscription.


The Latest News...

Amer Sports Softgoods, Precor and Suunto Brands Powered Third Quarter Growth
Amer Sports reported net sales of €645.8 million ($856 mm) for the quarter ended Sept. 30, up 6.1 percent compared with €608.9 million a year earlier. Net sales increased by 6.0 percent in local currencies. Double-digit growth in sales of Arc'teryx and Salomon apparel and footwear, Precor fitness gear and Suunto instruments more than offset declines at bicycle components maker Mavic and the Ball Sports segment, where Wilson continues to pare SKUs in a bid to grow profitability...(10/23/2014)

Jarden Outdoor Reports Flat Q3 Operating Margins
Jarden Corp. reported slow growth and flat earnings at its Outdoor Solutions segment, which owns Coleman, K2, Marmot and 24 other sporting goods brands in the third quarter ended Sept. 30 from a the year earlier quarter...(10/23/2014)

Under Armour's Q3 Revenues Jump 30 Percent
Under Armour, Inc. reported revenues increased 30 percent in the third quarter to $938 million. Sales grew 26 percent in apparel, 50 percent in footwear, and 32 percent in accessories. Net income increased 22 percent to $89 million, or 41 cents a share, million, slightly above Wall Street's consensus estimates and the company again raised its guidance for the full year...(10/23/2014)

Deckers Brands Q2 Revenues Climb 24 Percent
Deckers Brands reported sales increased 24.2 percent in the second quarter ended Sept. 30, to $480.3 million compared to $386.7 million for the same period last year. Sales grew 23.8 percent for Ugg, 14.9 percent at Teva and 3.2 percent at Sanuk. Earnings rose 23.2 percent to $40.7 million, or $1.17 a share. The company raised its guidance for the year... (10/23/2014)

Cabela's Q3 Profit Climbs Despite Comp Drop
Cabela's Inc. reported net income excluding certain items increased 18.8 percent to $58.3 million on $886.0 million in revenue. Revenue increased 4.1 percent as store expansion offset an 11.2 percent decline in comparable store sales... (10/23/2014)

Foot Locker Foundation, Inc. Unites Athletic Industry for 14th Annual On Our Feet Fundraising Gala
The Foot Locker Foundation joined together with members of the athletic industry, as well as its business partners, on Tuesday, Oct. 21, at New York City's Gotham Hall for the 14th annual "On Our Feet" fundraising gala. Celebrities attending the event included JR Smith (NY Knicks Guard), Derek Fisher (NY Knicks Head Coach), Darryl Strawberry (Baseball Legend), and Kyra Sedgwick (Actress)... (10/23/2014)

L.A. Gear Announces Brand Relaunch with TYGA
L.A. Gear is returning in stores for Spring 2015 with the re-launch of L.A. Gear “Originals” line with creative brand advisor, trendsetter and multi-platinum recording artist, TYGA. Like past collections, the re-launch will continue to merge the worlds of sports, pop culture and street wear. Tyga, the California native...(10/23/2014)

SIA Releases State of the Industry Video Series
SnowSports Industries America has released its State of the Industry Video series reviewing the 2013/14 snow sports season, which was marked by $3.6 billion in sales and extraordinary weather patterns...(10/23/2014)

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