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October 25, 2019


VF Corp. Results Improve, But Vans Is Slowing

Net income surged 28% to $649,001,000 in the second fiscal quarter ended Sep. 30 up from $507,121,000, and was up 56% excluding the divested jeans business, on revenues that were 5% higher at $3,393,268,000 vs. $3,219,390,000 and were up 7% constant currency.

Vice President Blasts Nike, NBA over China

Vice President Mike Pence accused the NBA of kowtowing to the Chinese Communist Party and silencing free speech in its handling of the fallout from Houston Rockets general manager Daryl Morey’s tweet supporting Hong Kong protestors, in a speech yesterday.

Liverpool Sees UK Court Throw Out New Balance Suit

A UK High Court judge ruled that New Balance could not match Nike’s offer to take over the Liverpool kit sponsorship, despite NB’s £45 million ($58 mm) per year bid, which was higher than the £30 million Nike would pay.

Etcetera: Evolution Outdoor, Headsweats

 
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