Nike Inc.’s stock rose nearly 8% in extended trading Tuesday after the sporting-goods retailer reported early holiday earnings and sales are tracking solidly higher than Wall Street expected, though inventories Read more
Tag: footwear
Lululemon stock drops 10% after mixed quarterly results, soaring inventories
Lululemon Athletica Inc. stock fell more than 10% in the extended session Thursday after the athleisure-wear maker reported mixed quarterly results and saw inventories soar. Lululemon LULU, +0.59% earned $735 Read more
Nike’s Phil Knight: Kyrie Irving ‘stepped over the line’ sharing antisemitic film
““Kyrie stepped over the line. It’s kind of that simple. He made some statements that we just can’t abide by and that’s why we ended the relationship. And I was Read more
Adidas cuts 2022 outlook after Yeezy partnership ends
Adidas again cut revenue and earnings guidance for the year to account for the end of its Yeezy label partnership with designer Kanye West, but said it expects a recovery Read more
Puma’s new CEO Arne Freundt takes reins immediately as incumbent moves to Adidas top job
Puma SE said Tuesday that Arne Freundt will take over immediately as chief executive, ahead of schedule, after incumbent CEO Bjorn Gulden was named to lead rival Adidas AG. Puma Read more
Steven Madden stock downgraded a day before earnings, as analyst warns of guidance cut
Shares of Steven Madden Ltd. fell Tuesday, after Wedbush analyst Tom Nikic backed away from his yearlong bullish stance one day before the footwear, clothing and accessories company reports quarterly Read more
Kanye West loses billionaire status after Adidas cuts ties with him
Adidas became the latest organization to distance itself from artist Kanye West this week when it ended its partnership with the rapper after he recently made a series of controversial Read more
Kanye West shows up at Skechers office unannounced, is then escorted out
Kanye West made an impromptu appearance at the Los Angeles office of shoe-maker Skechers SKX, -9.80% on Wednesday, the company said. Skechers says West “arrived unannounced and without invitation at Read more
Tod’s buyout won’t go forward after offer misses threshold
The buyout offer for Italian luxury shoemaker Tod’s SpA won’t go forward after the Della Valle family fell short of the 90% ownership threshold it targeted, the family’s financial vehicle Read more
Skechers stock sinks after earnings miss, downbeat outlook
Skechers USA Inc. shares dropped more than 10% in late trading Tuesday after the maker of sneakers missed profit expectations for its latest quarter and delivered an outlook that came Read more