August 01, 2023
The red ink got slightly deeper in VF’s fiscal first quarter ended June 30, expanding to a loss of $57,425,000 from a $55,960,000 loss prior, on 8% lower revenues of $2,086,336,000 compared to $2,261,595,000, pulled down by continued weakness at Vans.
Bloated inventories and challenging market conditions in the U.S. are forcing Columbia Sportswear to take a “more conservative” stance on its H2 and full-year results despite explosive year-over-year Q2 sales growth in China and in its lower-margin international distributor businesses.
The West Coast retailer tallied a second quarter loss of $282,000 against last year’s income of $8,934,000 on net sales that were down 12% to $223,567,000 from $253,800,000.
Net loss was $2,715,000 in the second quarter against a profit of $920,000 last year as revenues tumbled 38% to $99,822,000 from $162,039,000.
After dumping several other costly sponsorships over the past few years, Under Armour is retaining its crown jewel of college sports, re-signing the Fighting Irish for another 10 years.
The Eager Beavertons see the Trademark Trial and Appeal Board overturn an earlier decision that the “SNKRS” mark was a generic term for sneakers and not distinctive enough to register.
The Hong Kong-based cap maker’s plan to near shore some of its production for the U.S. market in Mexico took a step forward, as it inked a construction contract to begin building its factory there immediately.
Under Dog launched its first rewards program in the U.S., which will include celebrity athlete experiences, exclusive access to training videos, gear and events.
Baltimore U.S. Customs and Border Protection officers seized 13,660 pairs of counterfeit Converse sneakers bound for Los Angeles that originated from China with a retail value of more than $314,000.