The Sunday (Sept. 24) outing of Taylor Swift to watch Kansas City Chiefs’ standout Travis Kelce on the football field wasn’t just a topic of constant conversation on the internet. It’s even made its way to Nike’s latest earnings call Thursday (Sept. 28). During the...
Canadian athletic apparel company Lululemon Athletica Inc. reported impressive earnings for both the fourth quarter that ended Jan. 29 and full year 2022, indicating the demand for athletic wear has not waned. The company posted a 30% increase in net revenue for the fourth quarter,...
Foot Locker is sunsetting its Eastbay.com sportswear brand business. The unit’s distribution operations are to start winding down in January, and its Wausau, Wisconsin, facility is to be shut down by April, HITC reported Wednesday (Dec. 28). The move follows the sale of Eastbay Team...
Foot Locker, Inc. reported that second-quarter comparable-store sales rose 18.6 percent, as the sportswear retailer reported better-than-expected earnings and reinstated its quarterly dividend program, according to a Friday (Aug. 21) announcement. “Despite the challenging backdrop of the pandemic and social unrest, we achieved strong second-quarter...
September 19, 2024
The Nike board of directors has announced a leadership transition that will see Elliott Hill, the company’s former president for consumer and marketplace, who retired in 2020, return to the company as president and CEO. The board also said in a Thursday (Sept. 19) press release that current President and CEO John Donahoe will retire […]
December 28, 2022
Foot Locker is sunsetting its Eastbay.com sportswear brand business. The unit’s distribution operations are to start winding down in January, and its Wausau, Wisconsin, facility is to be shut down...
August 21, 2020
Foot Locker, Inc. reported that second-quarter comparable-store sales rose 18.6 percent, as the sportswear retailer reported better-than-expected earnings and reinstated its quarterly dividend program, according to a Friday (Aug. 21)...
July 11, 2019
As Lululemon looks to compete with Amazon and differentiate itself, the fitness apparel retailer is opening a massive store in Chicago. The location, which is in the city’s Lincoln Park...
