Gore Fabrics Division Establishes Ambitious Environmental Goals For 2020
Included in these goals is Gore Fabrics’ intent to eliminate PFCs of Environmental Concern from its consumer fabrics products as an important milestone in its long-term journey towards continuously reducing the environmental footprint of its products throughout their full life cycle.
Newell Brands Core Sporting Goods Sales Bounce Back In Q3
Pro forma core sales, which exclude the K2 Sports and the Marker and Volkl winter sports businesses that are being held for sale, increased 2.9 percent compared with prior year primarily driven by strong growth in Fishing, Technical Apparel and Team Sports, partially offset by declines on Coleman related to early 2016 distribution losses.
The North Face Adds Three Snowboarders
The North Face announced the addition of Austin Smith, Jossi Wells, Cole Navin, and Jake Blauvelt to its snow team.
Puma’s Parent The Latest To Protest Travel Ban
François-Henri Pinault, chairman and CEO of Kering, the parent of Puma and Volcom as well as Gucci, Yves Saint Laurent and other luxury brands, has joined a number of executives protesting President Trump’s executive order blocking immigrants.
Dick’s True Runner Closes Two Locations
True Runner, the run specialty concept owned by Dick’s Sporting Goods, has closed its stores in St. Louis and the Shadyside section of Pittsburgh. One location continues to operate in Chestnut Hill, MA.
Trek Acquires Revolution Cycles
Trek Bicycle has purchased Revolution Cycles, a four-store chain with locations in Washington, D.C.; Stafford and Arlington, VA; and Rockville, MD,.
Deckers Profits Dragged Down By Sanuk Write-Down
Deckers Brands cut its guidance while reporting a sharply lower quarterly profit on lower sales during the holiday period and a write-down of its Sanuk sandals brand.
Calloway Golf Benefiting From Competitor Exits
On a conference call with analysts, Chip Brewer, president and CEO, described market conditions as “choppy with softness in both Asia and Americas.” But he said the overall golf market is becoming more rational, which bodes well for the long run.
HanesBrands Q4 Stung By Weak Replenishment
Blaming the disruption to brick & mortar stores caused by the shift to online selling, HanesBrands, the parent of Champion, reported fourth-quarter earnings that missed plan. The company also provided weak guidance for 2017.
Nike, Dick’s And Others Band Together To Fight Border Tax
Nike, Dick’s Sporting Goods and more than 100 other companies have joined together to launch Americans for Affordable Products, a campaign to defeat the border adjustable tax (BAT).
HanesBrands Sees Double-Digit Q4 Revenue Gains
The parent of Champion and Hanes reported earnings on an adjusted basis grew 20 percent in the fourth quarter on an 11.2 percent sales gain.
Callaway Golf Reports Profit Against Loss In Q4
Fourth quarter net sales grew by 7 percent, or 5 percent on a constant currency basis, resulting in full-year net sales growth of 3 percent, or 2 percent on a constant currency basis.
Are EMS And Bob’s Stores Back On The Selling Block?
Seven months after emerging from bankruptcy proceedings, Bob’s Stores and Eastern Mountain Sports (EMS) are reportedly heading back to Chapter 11 proceedings and may have already found another buyer, Sports Direct International.
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
