VF Issues Soft Guidance For 2017
VF Corp. reported fourth-quarter earnings were down, in line with guidance. Among its major brands in the quarter, North Face was down 8 percent, Vans grew 14 percent, and Timberland gained 4 percent. The company provided a weak outlook for 2017.
Under Armour Signs French Olympic Judo Champion
The two-time Olympic gold medallist will be the face of Under Armour’s expansion into France, where it has recently opened a new Paris headquarters.
HanesBrands Distribution Center Achieves Safety Milestone
HanesBrands, the parent of Hanes, Champion and Gear for Sports, stated that its Cleveland Distribution Center, located in Kings Mountain, NC, was one of 34 facilities in the state of North Carolina to achieve 2 million employee hours without injury in 2016.
Nike Commits $1.5 Million In Grants From Nike School Innovation Fund
The Nike School Innovation Fund is awarding 100 Oregon high schools a total of $1.5 million in grants with the goal of increasing graduation rates, closing the achievement gap and helping all students in Oregon prepare for future success.
Moosejaw Eyes Massive Outdoor Opportunity In Walmart Partnership
Moosejaw CEO Eoin Comerford told SGB that Moosejaw will now oversee the outdoor category across all Walmart’s online properties – Walmart.com, ShoeBuy.com and Jet.com.
Canada Goose Looks To Ramp Up Expansion With IPO
In its IPO prospectus, Canada Goose said it plans to continue its rapid growth by expanding into the Mid-Atlantic, Midwest and Pacific Northwest, moving into categories from knitwear to bedding and expanding online with its own stores and overseas.
Cabela’s Inc. Shares Slide Further On Weak Q4
Shares of Cabela’s Inc., already down this year due to concerns over the completion of its merger with Bass Pro, slid some more on Thursday after the hunt & fish specialist reported fourth-quarter earnings that came in short of expectations.
Shimano Group’s Q4 Impacted By Cycling Weakness
Shimano Group saw operating earnings in the fourth quarter slide 19.6 percent to ¥16.1 billion while net sales dropped 11.4 percent to ¥81.3 billion.
Asics Lifestyle Apparel On The Rise?
The successful relaunch of Asics Tiger two years ago has led to its newest iteration, a premium apparel collection that continues to highlight the Japanese brand’s lifestyle business.
FGL Sports Sees 5.1 Percent Q4 Comp Gain
Canadian Tire reported same-store sales at its FGL Sports segment grew 5.1 percent in the fourth quarter. Comps at Sport Chek climbed 4.9 percent.
Cabela’s Q4 Profits Slide
Cabela’s Inc., which has reached an agreement to merge with Bass Pro, reported earnings 26.3 percent in its fourth quarter ended December 31 as sales fell 4.9 percent. U.S. comparable-store sales decreased 6.4 percent.
Canada Goose Files For IPO In New York And Toronto
According to its prospectus, revenues grew at an annualized rate of 38.3 percent from 2014 to 2016.
January Retail Sales Expand 3.8 Percent
Sporting goods stores’ sales increased 1.8 percent seasonally adjusted over the previous month and decreased 3.7 percent unadjusted year over year.
Sportsman’s Warehouse to Hold Grand Opening In Cedar City, UT
Sportsman’s Warehouse is opening ninth location in the state of Utah in Cedar City.
Foot Locker Sets Capital Allocation Plans For 2017
Foot Locker raised its dividend payout, launched a new stock repurchase programs and slightly lowered its capital expenditure program in announcing its overall capital allocation plans for 2017.
