A $145 million impairment charge added to VF’s woes in the first fiscal quarter ended June 30, contributing to a net loss of $258,886,000 against a loss of $57,425,000 last year, as revenues fell 9% to $1,907,301,000 from $2,086,336,000.

Net income at the parent of Titleist and Footjoy slipped 4% to $71,428,000 from $74,655,000 in the second quarter, on 1% lower revenues of $683,867,000 against $689,363,000.

The former 26-year Adidas executive will join Under Dog as EVP of brand strategy following the completion of UA’s acquisition of Unless Collective, the sustainable streetwear brand Liedtke launched several years ago.

Net loss narrowed 57% to $10,865,000 from $25,748,000 on an 18% drop in revenue to $110,183,000 from $134,948,000 for the second quarter as efforts to stanch the red ink progress, cutting total operating expenses by 20%.

Net loss nearly tripled to $47,821,000 from $17,212,000 on a 23% drop in revenue to $186,224,000 from $241,020,000 for the second quarter, coming in ahead of guidance as the ongoing channel and price point realignments head towards Sep.’s new product rollouts.

The e-commerce platform revealed in its latest Big Facts: Brands Making Moves report that Asics, Adidas, and On were the fastest growing sneaker brands for the first six months of 2024.

The Hong Kong-based headwear manufacturer inked an agreement to acquire a 55% stake in Difuzed for about HK$42,500,000 ($5.4 mm) from Sunset OG and its owner, Mr. El-Kalaani.