Sportsman’s Warehouse’s Q4 Earnings Slide On Margin Pressures
Sportsman’s Warehouse Holdings Inc. reported fourth-quarter earnings on an adjusted basis slid 20 percent and missed guidance due to “an elevated promotional backdrop and a tax-reform driven investment in our associates.” Same-store sales sunk 4.5 percent, in line with guidance.
Loot Crate Expands Sports Crate MLB Crate Line
Sports Crate was the first line of subscription products made exclusively for baseball fans, and this expansion allows more fans to be a part of the Exclusive Licensed Subscription Box of Major League Baseball.
HanesBrands Makes Significant Strides Toward 2020 Environmental Goals
HanesBrands, the parent of Champion, Hanes and Gear for Sports, reported significant achievements in water use, carbon dioxide emissions, energy use, renewable energy use and landfill diversion; on track to meet 2020 benchmarks
Hibbett Sports Hosts AHA Fundraising Campaign in Stores and Online
Retailer Hibbett Sports will host an American Heart Association (AHA) fundraising campaign in 1,000-plus Hibbett Sports stores nationwide and online throughout the month of April.
Camping World To Acquire Dixie RV Superstore
Camping World Holdings Inc. announced that an agreement has been signed to acquire Dixie RV Superstore located in Newport News, VA.
VF Corp. Appoints Steve Murray VP, Strategic Projects
VF Corp. appointed Steve Murray, former president of Vans, to the new position of vice president, strategic projects. Murray initial focus will include elevating The North Face brand’s footwear product strategy, and supporting the successful integration of the Altra brand into VF and the extension of its technical footwear capabilities into VF’s outdoor footwear platform.
Nike Extends NFL Deal
The National Football League and Nike announced an extension to their on-field rights partnership for another eight years. The new deal will take place when the current one expires in 2020 and will run through 2028.
Billabong Shareholders Approve Boardriders Acquisition
Boardriders, Inc., the parent of Quiksilver, Roxy, and DC Shoes brands, announced that the shareholders of Billabong International Limited have approved Boardriders’ proposed acquisition of Billabong.
Black Diamond Opens Store In Anchorage
Black Diamond, a brand of Clarus Corporation, opened a strategic retail store in Anchorage in Alaska.
Arc’teryx Names Dominique Morisset as Veilance GM
Arc’teryx Veilance has appointed Dominique Morisset to the new role of general manager, Veilance, effective immediately.
Mammut Announces Transition In Leadership In North America
Mammut, the Swiss producer of premium outdoor equipment and apparel, appointed Joe Prebich as managing director of Mammut North America. Bill Supple will transition from his role as CEO in late April.
Lululemon’s Q4 Earnings, Revenue Surpass Expectations
Lululemon Athletica Inc. reported earnings and revenue for the fourth quarter that easily surpassed Wall Street expectations and its revised guidance. The company’s reported adjusted diluted earnings per share were $1.33 while revenue was $928.8 million, above expectations of $1.27 and $912 million.
Adidas Signs Aaron Judge
Adidas announced a multiyear partnership with 2017 Major League Baseball (MLB) American League Rookie of the Year, outfielder Aaron Judge of the New York Yankees. Judge had been with Under Armour.
Smartwool Opens Its First Canadian Store In Banff
Smartwool opened its first Canadian retail location in the mountain town of Banff, Alberta.
Jordan Brand Adds Michael Thomas To Its Football Roster
Nike said Jordan Brand signed Michael Thomas, star wide receiver for the New Orleans Saints, as a brand ambassador.
