September 25, 2019
Halfway through its previous five year plan that began in 2017, VF Corp. said revenue is tracking ahead, driven by its major brands, DTC digital and international businesses, with total revenues from calendar year 2016 through FY19 up 10% against a 2021 target of 4%-6% growth.
Voting at the Smith & Wesson parent’s annual meeting took a surprise turn, as shareholders rejected a “say-on-pay” advisory measure that would have approved sizable raises to CEO James Debney and other senior execs.
Mary Beth Laughton was named president and CEO of the fast-growing women’s athletic banner, succeeding Nancy Green, who moved to president and chief creative officer of Old Navy.
Dorisimo Limited, which owns and manages the post-punk rock band’s trademark, is suing Wilson Sporting Goods in Central CA District Court for using the Clash name on a line of tennis racquets.
JOUT says that its fiscal 2019 bottom line will see an impact of about $3 million from Section 301 tariffs, down from the $5-7 million it was expecting.