Daily News Feed
Booming Vans Brand Lifts VF Results, Guidance for Year
Led by an impressive 28% increase in its biggest single brand that was offset by a $104.6 million impairment charge on Nautica, VF reported net income fell 23% to $386,140,000 compared to $498,489,000 for the three months ended Sep. 30 as sales rose 6% to $3,481,202,000 from $3,298,484,000.
The U.S. Patent and Trademark Office denied a petition by Adidas that would have found some of the Eager Beavertons’ key Flyknit patents unprotectable because of obviousness in a review.
The Under Dog co-founder and college roommate of CEO Kevin Plank is currently a strategic advisor to the company, but had held many senior roles there during its two decades of rapid expansion.
Marcato Capital turned up the heat in its proxy battle with DECK, filing a suit in DE chancery court seeking to force it to confirm its Dec. 14 annual meeting date and to disable change of control triggers that could cost the company millions.
Sales in the eyewear giant’s North American retail segment, which includes Oakley and Sunglass Hut, contracted 9.7% to €1,005 million ($1,180 million) from €1,113 million in the third quarter.
While SKX seems to be firing on all cylinders now with its ramped up international expansion, lawyers for the Steamfitters Local 449 Pension Plan filed suit accusing the company of misleading investors in 2015 with its optimistic guidance.
The Central FL-based RV dealer will add its four locations to CWH’s 14 existing Florida outposts and continue to operate under its existing name.
City Bicycle Works in Sacremento, CA, is the bike maker’s latest acquisition following its buyout of two regional chains, DC-area Revolution Cycles and SE PA-based Bike Line, earlier this year.
The company, which has registered the “whynot?” trademark and sells screenprinted apparel and other items, is suing Nike for using it on Jordan’s Westbrook collection.
Congress Looks Into Football Safety, College Hoops
The recent study by Boston University that concluded there was a higher risk of neurological damage in children who play tackle football before the age of 12 has prompted an inquiry from four Democratic members of the House Energy and Commerce Committee to USA Football requesting an update on its efforts to improve safety in the game for pre-teens with its Rookie Tackle program.
The casual footwear market increased to $13,525 million in wholesale value in 2016 from $13,134 million in 2015 reversing the 3.0% decline recorded the year before.
The British technical sailing apparel brand was bought from Phoenix Equity Partners.
PSG, the successor to bankrupt Performance Sports Group, settles with the securities plaintiffs, led by the Pipefitters Pension Fund, who had seen their claims of securities fraud stayed by the bankruptcy filing.
My sharp-eyed readers point out that Puma has taken over Arsenal, not Chelsea which is a Nike club.
Skechers Has Strong Q3 Boosted by International, DTC
Propelled by a 25.7% increase in its international business and an 18.6% increase in its own retail stores, Skechers income rose 42% to $92,310,000 from $65,110,000 on a 16.2% sales improvement to $1,094,829,000 against $942,417,000.
ArmourBox is the name of Under Dog’s new service, which will feature a box of four to six items shipped to subscribers monthly or every two or three months.
After dropping the federal lawsuit filed against the NFL and the Patriots last week, lawyers for Aaron Hernandez’ daughter Avielle sued the NFL and Riddell in MA state court, alleging they conspired to conceal the risk of head injury from playing football.
Icon Health & Fitness accuses Nautilus of infringing on its ONE TOUCH and QUICK SPEED trademarks with TreadClimber button labels and user manual, and making false claims about its Max Trainer and High Velocity Trainer.
Anbeek was approved by the bike maker’s supervisory board and will join execs CFO Hielke Sybesma, COO Jeroen Snijders Blok and CSCO Jeroen Both on its four-member managing board.