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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 Swings to Q2 Loss on Restructuring Charges at Wilson
Amer Sports, which owns the Salomon, Wilson, Arc'teryx, Mavix and Suunto brands, announced the next phase of its restructuring would focus on its Ball Sports segment after reporting charges at its Wilson brand caused it to swing to a loss on higher revenue in the second quarter...(7/24/2014)

Under Armour's Q2 Revenues Jump 34 Percent
Under Armour, Inc. reported revenues increased 34 percent in the second quarter of 2014 to $610 million led by a 35 percent gain in apparel and 34 percent hike in footwear revenues. Net income in the second quarter of 2014 of $18 million was unchanged compared with the prior year's period, largely reflecting the planned timing of marketing and innovation expenses. The company again raised its guidance for the year...(7/24/2014)

Cabela's Tops Q2 Estimates Despite Comp Drop
Cabela's Inc. reported second-quarter earnings slid 2.3 percent to $43.5 million, or 61 cents a share, but results came in well-ahead of Wall Street's consensus estimate of 51 cents a share. Comparable store sales decreased 14.2 percent... (7/24/2014)

Implus Acquires DryGuy and MaxxDry Dryers
Implus has acquired DryGuy, a leading supplier of footwear dryers and thermal layering systems. This latest addition to the Implus family of brands will fall under the company’s Outdoor Division, which also includes Yaktrax, ICEtrekkers and Little Hotties...(7/24/2014)

West Marine Cuts Guidance After Q2 Shortfall
West Marine Inc. lowered its guidance for the year after a disappointing second quarter. Second-quarter earnings were down 17.7 percent to $$18.3 million, or 75 cents a share, short of Wall Street's consensus estimate of 86 cents a share. Comparable-store sales slipped 0.7 percent...(7/24/2014)

Skechers Q2 Revenues Surge 37 Percent
Skechers USA, Inc. reported second quarter sales jumped 37.1 percent to $587.1 million, led by double-digit increases in its domestic wholesale business and its international wholesale business as well as a 13.9 percent same-store hike at its company-owned retail stores. Earnings grew more than four-fold to $34.8 million, or 68 cents... (7/23/2014)

Timberland Appoints New Brand President
Timberland promoted Stewart Whitney to brand president effective Oct. 5, 2014. Whitney led Timberland’s growth in the Asia Pacific region since 2008. He will report to Patrik Frisk, who has held the position since the brand’s 2011 acquisition by VF Corp. In April, Frisk was promoted to coalition president, Outdoor Americas for VF...(7/23/2014)

HanesBrands Q2 Earnings Climb
HanesBrands, the parent of Champion, Hanes and Gear for Sports, reported net sales increased 12 percent to $1.34 billion, adjusted operating profit excluding actions increased 27 percent to $231 million, and adjusted diluted EPS excluding actions increased 44 percent to $1.71 a share. The gains were led by its Activewear segment...(7/23/2014)

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