News Topics
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October 26, 2022
Kanye West was kicked out of Skechers’ offices after he showed up ‘uninvited,’ the company says
Ye, formerly known as Kanye West, was booted from Skechers’ corporate offices in Los Angeles on Wednesday after he showed up uninvited and unannounced, the company said. In a statement, the shoemaker said two executives escorted Ye and others from the company’s offices following a brief conversation and after he...
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October 26, 2022
NPD Reports Q3 Footwear Revenues Flat
In the third quarter of 2022, U.S. footwear industry sales revenue was flat at $10.8 billion, versus Q3 2021, according to global marketing group The NPD Group. While sneakers continued to capture the largest piece of the footwear business, fashion shoes and sandals were the top growth categories in Q3, based on...
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October 26, 2022
Garmin Raises 2022 EPS Guidance On Improved Margin Outlook
Garmin, Ltd. reported sales declined 4 percent in the third quarter ending September 24, dragged down by an 18 percent slide in the fitness segment. Second-quarter earnings topped Wall Street estimates and Garmin lifted its full-year EPS outlook on an improving margin outlook. SGB Media
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October 25, 2022
Kanye West split will cost adidas over $1B in Annual Sales
Adidas’ decision to end its partnership with Kanye West and immediately stop selling his Yeezy brand, due to West’s recent antisemitic and other hateful comments, will likely cost the company billions of dollars in annual sales and could set up a legal battle over the intellectual property behind the fashion...
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October 25, 2022
Shimano says bike demand “cooling” but ahead of pre-Covid levels
Shimano has described global demand for bikes as “cooling” in its Q3 financial update, but to levels that remain ahead of pre-pandemic trends. As the industry rumour mill whispers of signs of strain, Shimano said that from its view “in terms of market inventories of completed bicycles, those of high-end...
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October 25, 2022
Sports Drinks Boost Coca-Cola to $11B Quarter
Coca-Cola continues to rack up revenue from its sports drinks segment. The beverage giant generated $11.1 billion in revenue in Q3 2022 — a 10% increase year-over-year and surpassing Wall Street estimates of $10.52 billion. Sports drinks — which include BODYARMOR, Powerade, and Aquarius — grew 6% during the quarter....
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October 24, 2022
Cowen Survey: Nike, Lululemon and Dick’s SG Seize Share With Younger Consumers
According to Cowen’s Fifth Annual proprietary Gen Z and Millennial survey, Nike, Lululemon and Dick’s Sporting Goods showed the strongest competitive positions and/or growth in preference among younger consumers within softlines retail. The survey, conducted in July 2022, had 2700 U.S. consumers participate. SGB Media
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October 24, 2022
London Marathon ballot site down as runners rush to find out whether they got a place
The London Marathon’s website has broken, as runners rushed to find out the results of its ballot. Users were unable to find out whether they would be running the event in 2023, amid a major outage on the website. Independent
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October 24, 2022
Apple Fitness+ features yoga with ultrarunning legend Scott Jurek
Beginning Oct. 24, Apple Fitness+ is expanding its fitness and wellness service to be available to all iPhone users, and launching a superior set of workouts with new music to accompany them. Fitness+ will also introduce a new workout program, Yoga for Every Runner, featuring and designed with one of...
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October 23, 2022
Gold’s Gym owner and 5 others feared dead after plane crash off the coast of Costa Rica
Gold’s Gym owner Rainer Schaller, his family and two others are feared dead after a plane they were on apparently crashed off Costa Rica’s Caribbean coast on Friday, officials said. The Costa Rican Ministry of Public Security posted on Facebook on Friday saying a plane heading from Mexico to Limon,...
