July 24, 2019 VF Growth Accelerates in Q1 in Key Brands, Ups Guidance
With Vans and The North Face both showing stronger than expected growth, VF reported net income of $49,221,000 against $160,358,000 for the fiscal first quarter ended Jun. 30 on a 6% improvement in revenue to $2,271,479,000 compared to $2,137,135,000, which included the spin-off of the Kontoor jeans business, acquisition of Altra and Icebreaker and costs from the headquarters move to Denver. Moncler Sales Gains Improve Through H1
Net income for the first half of 2019 grew 14% to €69,989,000 ($78.6 mm) from €61,628,000, including a €1.3 million negative impact this year from the IFRS 16 lease accounting rule change, on revenues that increased 16% to €570,246,000 ($640.7 mm) from €493,544,000. Vista Outdoor, Clarus Trim Staff
VSTO laid off 14 from its Bell, Giro and Blackburn headquarters in Scotts Valley, CA, Bicycle Retailer reported, and CLAR cut 70 manufacturing jobs in Salt Lake City, according to a story in SNEWS. Nike Shoe Auctioned at $437,500
A waffle shoe made by Nike co-founder Bill Bowerman for the 1972 Olympic trials but never worn has been sold for the record price by Sotheby’s at a special auction in conjunction with Stadium Goods. Rocky Brands Posts Topline and Profit Gains in Q2
Net income increased 19% in the second quarter to $3,156,000 from $2,649,000 on 6% higher revenues of $61,959,000 up from $58,206,000, driven by over 20% growth in its retail division to $14.1 million. Athleta Chief Moves to Old Navy
Athleta president since 2013 Nancy Green has moved over to Old Navy, GPS’ largest banner, as president and chief creative officer a newly created position. AirWair Sues over Dr. Martens Knockoffs
The rugged fashion boot maker is suing online retailers BooHoo, Nasty Gal and Pretty Little Thing for selling several footwear styles that copy its designs. Etcetera: Academy Sports, CamelBak
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