February 17, 2017
Ongoing challenges in the U.S. wholesale market from bankruptcies and liquidations of seasonal products coupled with a decision to restructure the business and fold the Lucy brand into The North Face combined to lower net income 15% to $264,333,000 from $312,209,000 for the final quarter ended Dec. 31 at VF Corp. as revenues were flat at $3,290,895,000 against $3,294,661,000.
Following a teleconference in which UT Governor Gary Herbert was unresponsive to industry concerns raised by officials from Outdoor Retailer, OIA, Patagonia, The North Face and REI, Outdoor Retailer said it will eliminate the state from consideration for future show locations.
Bob Philion is a 12-year Big Cat veteran who was president and CEO of Cobra Puma Golf for the past seven years after leading the Cobra acquisition in 2010.
The upstart basketball apparel and accessories brand settled its lawsuit accusing the Swoosh of infringing on its DRYV patent for sweat absorbent panels with Nike Hyper Elite shorts and Outdoor Tech shirts and shorts, with both parties agreeing to dismiss the claims with prejudice.
Asics America said net sales declined 12% in the Americas in Q4, although it saw 9% growth in the running footwear category in the quarter.