Implus Goes Beyond Footwear Accessories With Fuelbelt Acquisition
The deal marked Implus’ third acquisition this year after Berkshire Partners made a majority investment in the company in April 2015, but more notably it’s the first acquisition outside Implus’ bread and butter of footwear accessories…
Outdoor SF Presents Olympic Athlete and World-Class Adventurers
GoodPeople.com and Sunski will present the Third Annual Outdoor SF event, on Wednesday, Nov. 11 at the Folsom Street Foundry. Benefiting the Sierra Club Outdoors and the SendIt Foundation, Outdoor SF is a collaborative event that celebrates the outdoor st
PeopleForBikes Hosts Top Executives at D.C. Fly-In
PeopleForBikes last week was in Washington D.C. for an all-women’s Fly-in with sixteen of top bicycle industry executives to help make biking better in America…
Global Brands Agrees to Acquire Planet Socks Assets
Global Brands agreed Nov.5 to acquire PS Brands hosiery business through a U.S. subsidiary for up to $140 million in a bid to become a top player in the licensed sock market in North America…
Gaiam’s retail move lifts Q3 sales; takes hit on settlement
Gaiam Inc. reported its launch at more than 1,000 Kohl's and Bed Bath & Beyond department stores enabled it to grow 140 percent faster in the third quarter, but a $10.7 million legal settlement swung its net income to a loss…
L.L.Bean’s First Outside CEO Says He’s Coming Home
L.L.Bean Inc. has named a veteran of the supermarket industry who has worked in England, Belgium and China as its next president and CEO and the first outsider to fill the position in the company's 103-year history…
Adidas Group Lifts FY Guidance on Strong Q3
Adidas Group reported a 10 percent gain in third-quarter profit that beat analysts’ estimates, led by sales growth in Western Europe and China. In North America, sales rose 6 percent in the quarter, improving from a flat first half. The results prom
Crocs Blames Q3 Loss on China Inventory Glut
Crocs Inc. swung to a net loss of $27.8 million in the third quarter ended Sept. 30 after holding back shipments to Chinese distributors. The Niwot, CO footwear company reported revenue of $274.1 million, down 9.4 percent, or -0.8 percent in currency-neut
City Sports to Close All Stores
City Sports Inc. is planning to liquidate all of its 26 stores after failing to find a buyer in bankruptcy proceedings…
Escalade’s Q3 Revenues Expand 9 Percent
Boosted by acquisitions, Escalade Inc. revenues for the third quarter advanced 9.4 percent, to $34.6 million. Net income from continuing operations, however, slumped 47.4 percent to $2.0 million, or 14 cents a share, from $3.8 million, or 27 cents, a year
Crocs Foresees Comeback After Q3 China Troubles
Despite the Q3 struggles in China, Crocs CEO Gregg Ribatt was optimistic with investors that many of the problems were being remedied, including new production and distribution plans, a 40 percent SKU reduction and fresher styles for 2016…
City Sports to be Shuttered
City Sports Inc. is moving to liquidate all 26 of its stores after failing to find a buyer in bankruptcy proceedings…
The Buckle’s October Comps Slide
The Buckle, Inc. reported comparable store net sales, for stores open at least one year, for the 4-week period ended Oct. 31, 2015 decreased 5.8 percent…
Sturm Ruger Profits Rise on Jump in Shipments
Sturm, Ruger and Company Inc. estimates sell-through of the company’s products from independent distributors to retailers outpaced criminal background checks more than three-fold during the quarter, clearing the way for a big increase in fourth quar
Astral Names New Reps in Midwest
Astral, the Asheville, NC-based paddle sports brand, named husband and wife team, Dave and Bobbie Larson as its new sales team in the Midwest…
